Commercial Condo Office/Retail
For Sale
$1,110,000
110 Charleston Drive 108 & 109, Mooresville, NC 28117
Two combined condo units with direct visibility from Brawley School Road, offering flexibility for owner-use or tenancy.
Property Size2,135 SF
Days on Market146
Property Features for 110 Charleston Drive 108 & 109
General Information
Standard status
Active
Size
2,135 SF
Zoning
CM
Additional Details
Traffic Count
36,000 vehicles/day
Amenities
Central Air, Zoned
Central, Forced Air
Parking Lot
Building Details
Building Size
2,135 SF
Year Built
1998
Listing Agency:
Lake Norman Realty Inc
Listed By:
Jeremy Katz · License #282116
(516) 850-3448
Source:
Evrealestate
Added: Jun 4
Changed: Oct 26
Last Checked: Oct 26 at 4:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lake Norman Realty Inc
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Investment Insights
Based on property information with market context.
110 Charleston Drive, Units 108 and 109, offers two commercial condo spaces that are currently operating as a combined suite with the option to revert to a two-unit configuration. The property is well suited for office or retail uses within a maintained condo setting.
The location provides direct visibility from Brawley School Road, with reported traffic of 36,000 vehicles per day, supporting strong storefront-style exposure for the businesses operating at the site. The property is positioned within a trade area described as affluent, with convenient access to nearby dining, shopping, and recreation.
For a buyer, the combined-and-revertible layout provides flexibility for an owner-user seeking a single larger space or an operator looking to support separate occupancies if desired. Investors may also consider the adaptable configuration for future tenant mix, while maintaining a straightforward, controllable footprint in a context where comparable purchasable commercial spaces in this size range are described as limited. The business and inventory are also available for purchase under a separate agreement; details are available through the broker.
The location provides direct visibility from Brawley School Road, with reported traffic of 36,000 vehicles per day, supporting strong storefront-style exposure for the businesses operating at the site. The property is positioned within a trade area described as affluent, with convenient access to nearby dining, shopping, and recreation.
For a buyer, the combined-and-revertible layout provides flexibility for an owner-user seeking a single larger space or an operator looking to support separate occupancies if desired. Investors may also consider the adaptable configuration for future tenant mix, while maintaining a straightforward, controllable footprint in a context where comparable purchasable commercial spaces in this size range are described as limited. The business and inventory are also available for purchase under a separate agreement; details are available through the broker.
Key Highlights
- Two commercial condo units at 110 Charleston Drive (Units 108 & 109) with direct visibility from Brawley School Road (36,000 VPD).
- Units are currently operating as a combined space, with the option to revert to a two‑unit configuration.
- Suitable for owner‑occupancy or investment, with flexibility based on whether the space is combined or separated.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,444
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,880
$748.9K
Cap Rate 7%
$534,914
$534.9K
Cap Rate 9%
$416,044
$416.0K
Market Conditions
NOI Build-Up for 2,135 SF
Gross rent
$55.6K $26.04/SF
− Vacancy
−$5.7K −$2.66/SF
EGI
$49.9K $23.38/SF
− OpEx
−$12.5K −$5.85/SF
NOI
$37.4K $17.54/SF
Area
Iredell County, NC
Vacancy
10.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,880
Cap Rate 7%
$534,914
Cap Rate 9%
$416,044
Alternative Uses
Best Use
Office B
$534.9K
$468.1K – $624.1K
NOI $37,444 @ 7.0% cap · market cap 3.37%
Second Best
Retail
$374.4K
$327.6K – $436.9K
NOI $26,211 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$672.0K
$588.0K – $784.0K
NOI $47,038 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
36,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
Explore this area
Business Placement
Demographics for 28117, NC
46,917
Population
21,528
Households
2.2
Avg Household Size
42
Median Age
55%
College-Educated
98%
High-School Grad
39.1 sq mi
ZIP Area
1,200
Density / Sq Mi
$109,310
Median Household Income
$53,706
Median Earnings
$1,593
Median Rent
$567,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Two combined condo units with direct visibility from Brawley School Road, offering flexibility for owner-use or tenancy.
Where is this office unit located?
The property is located at 110 Charleston Drive 108 & 109 Mooresville, NC.
What is the asking price?
The asking price for this property is $1,110,000.
What are key features of this property?
This property features: Two commercial condo units at 110 Charleston Drive (Units 108 & 109) with direct visibility from Brawley School Road (36,000 VPD).; Units are currently operating as a combined space, with the option to revert to a two‑unit configuration.; Suitable for owner‑occupancy or investment, with flexibility based on whether the space is combined or separated.
