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    470 N Broad St Mooresville, NC 28115

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    For Sale
    $889,222

    One-story commercial building, fully leased, with a 7.4% cap rate.

    Lot size:
    1.18 Acres

    Property Features for 470 N Broad St

    General Information

    Lot size
    1.18 Acres

    Source: The Knox Group Agent Michelle Polito

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Building with High Cap

    This one-story commercial building, constructed in 2001, is zoned for commercial use and is currently 100% leased. The property features ample parking and is configured into 5 separate office spaces. The property is priced below tax value and offers a 7.4% capitalization rate.
    Insight Report Location Intelligence

    Current Use by Public Records

    Geomatic Concepts PLLC Land Surveyor Auto Machine Of Mooresville Auto Machine Shop Assisted Lifestyle Home ... Home Health Care Service GraceMed Training Institute Training Centre Race City Income ... Tax Preparation Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8207642
    Latitude
    35.5766248

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    FAQs

    What type of property is this?
    Office building - One-story commercial building, fully leased, with a 7.4% cap rate.
    Where is this office building located?
    The property is located at 470 N Broad St Mooresville, NC.
    What is the asking price?
    The asking price for this property is $889,222.
    What are key features of this property?
    This property features: - 7.4% Cap rate; - Priced below tax value; - 100% Leased, offering immediate income
    (704) 995-4885
    Request Owner's contact information
    470 N Broad St Mooresville, NC 28115
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    Mooresville, NC 28115
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    470 N Broad St Mooresville, NC 28115
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