Listing Agency: Blanton Commercial Real Estate Show Phone

Listed By: Steve Tubel Show Phone

Source: Moodyscre

Added: Jun 30, 2025 Changed: Oct 25 Last Checked: Oct 28 at 12:20PM

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Investment Insights

Based on property information with market context.

This 7300 SF flex industrial property is positioned on a 3.85 AC private lot and is zoned CC-C. The property includes approximately 3100 SF of turnkey-ready office space, suitable for a service industry, contractor, or private collector. The recently renovated and modernized office area features 6 private offices, a receptionist area, file room, conference room, break room, full kitchen, separate restrooms, an outdoor gathering space, a 20-space parking lot, and security fencing. The industrial warehouse portion includes approximately 1600 SF of climate-controlled space with a private office. The remaining approximately 2500 SF of warehouse space includes a dock high door. The total industrial portion is approximately 4200 SF. Ceiling height ranges from 10 ft to 13 ft clearance. There is excess land available for future expansion.

Key Highlights

• 7300 SF Flex Industrial space on 3.85 AC private lot with CC‑C zoning.
• Turn‑key ready, recently renovated and modernized 3100 SF office space with 6 private offices.
• 4200 SF total industrial space, including 1600 SF climate‑controlled area with private office and 2500 SF warehouse with dock high door.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$84,567

Cap Rate

5.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,691,340 $1.7M

Cap Rate 7%

$1,208,100 $1.2M

Cap Rate 9%

$939,633 $939.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,300 SF

Gross rent

$138.4K $18.96/SF

− Vacancy

−$8.3K −$1.14/SF

EGI

$130.1K $17.82/SF

− OpEx

−$45.5K −$6.24/SF

NOI

$84.6K $11.58/SF

Area

Iredell County, NC

Vacancy

6.00%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,691,340

Cap Rate 7%

$1,208,100

Cap Rate 9%

$939,633

Alternative Uses

Best Use

Flex RnD

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,567 @ 7.0% cap · market cap 5.13%

Second Best

Warehouse

$757.9K

$663.2K – $884.2K (±1% cap)

NOI $53,053 @ 7.0% cap · market cap 3.22%

Theoretical Best

Office A

$2.30M

$2.01M – $2.68M (±1% cap)

NOI $160,834 @ 7.0% cap · market cap 9.75%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Spa & Massage Center Big Box & Wholesale Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

92

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - 7300 SF flex industrial space on 3.85 AC lot.

Where is this flex space located?

The property is located at 108 Beam Dr Mooresville, NC.

What is the asking price?

The asking price for this property is $1,650,000.

What are key features of this property?

This property features: 7300 SF Flex Industrial space on 3.85 AC private lot with CC‑C zoning.; Turn‑key ready, recently renovated and modernized 3100 SF office space with 6 private offices.; 4200 SF total industrial space, including 1600 SF climate‑controlled area with private office and 2500 SF warehouse with dock high door.**