Commercial Lot on Highway
For Sale
$79,900
Pending
11625 Nc Highway 801, Mount Ulla, NC 28125
Level commercial lot on highly traveled highway, many possibilities for use.
Property Size1,200 SF
Days on Market751
Property Features for 11625 Nc Highway 801
General Information
Standard status
Pending
Size
1,200 SF
Listing Agency:
NorthGroup Real Estate LLC
(843) 999-0119
Listed By:
Stacy Vaughn · License #244461
(704) 634-1095
Source:
Exprealty
Added: Jul 15, 2024
Changed: Jul 6
Last Checked: Jul 31 at 5:29PM
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 NorthGroup Real Estate LLC
Investment Insights
Based on property information with market context.
This is a level commercial lot situated on the corner of Highway 801 and Graham Road. The property is located next to the fire department and across from a general and feed store. It presents an opportunity for various uses such as a convenience store, gas station, retail space, or office. The existing building on the property is approximately 1200 square feet and requires significant repairs; the value is primarily in the land. A septic system is installed, but a well will need to be added. The location is centrally positioned between Mooresville and Salisbury.
Key Highlights
- High‑traffic corner lot location on Hwy 801 and Graham Rd.
- Commercial zoning suitable for various businesses (convenience store, gas station, retail, office).
- Centrally located between Mooresville and Salisbury.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $11.4k | $9.48 |
| − Vacancy | −$933 | −$0.78 |
| EGI | $10.4k | $8.70 |
| − OpEx | −$3.1k | −$2.61 |
| NOI | $7.3k | $6.09 |
1,200 SF · lease $9.48/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Office B
$300.7K
$263.1K – $350.8K
NOI $21,046 @ 7.0% cap · market cap 26.34%
Second Best
Retail
$210.5K
$184.2K – $245.5K
NOI $14,732 @ 7.0% cap · market cap 18.44%
Theoretical Best
Office A
$377.7K
$330.5K – $440.6K
NOI $26,438 @ 7.0% cap · market cap 33.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 28125, NC
2,687
Population
1,179
Households
2.3
Avg Household Size
45
Median Age
29%
College-Educated
96%
High-School Grad
38.4 sq mi
ZIP Area
70
Density / Sq Mi
$83,894
Median Household Income
$46,539
Median Earnings
$1,083
Median Rent
$305,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Level commercial lot on highly traveled highway, many possibilities for use.
Where is this commercial land located?
The property is located at 11625 Nc Highway 801 Mount Ulla, NC.
What is the asking price?
The asking price for this property is $79,900.
What are key features of this property?
This property features: High‑traffic corner lot location on Hwy 801 and Graham Rd.; Commercial zoning suitable for various businesses (convenience store, gas station, retail, office).; Centrally located between Mooresville and Salisbury.
