Two-Office Professional
For Sale
Contact for pricing
124 E Plaza Drive, Mooresville, NC 28115
Multi-tenant office suite with a lobby, break area, and private bathroom.
Property Size2,006 SF
Price / SF$0.03
Days on Market54
Property Features for 124 E Plaza Drive
General Information
Standard status
Active
Size
2,006 SF
Property subtype
Office
Amenities
Additional parcels description:, Parcel Number: 4657339912.000
Listing ID: CAR4419612, Standard Status: Active, MLS Status: Active, Property Subtype: Office
Built in 2006
County/Parish: Iredell
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
2,006 SF
Year Built
2006
Tenancy
Multi
Listing Agency:
George B Moser
Listed By:
George Moser
(704) 634-9703
Source:
Blackstreaminternational
Added: Sep 4
Changed: Oct 27
Last Checked: Oct 26 at 2:20PM
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 George B Moser
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Investment Insights
Based on property information with market context.
This 904-square-foot office suite is located within a multi-tenant building constructed in 2006. The interior arrangement includes a lobby, two offices, a break area, and a bathroom positioned at the rear of the suite.
The property is near Aldi’s at the intersection of Hwy 21 and Plaza Drive, providing a recognizable commercial setting for an office user. The suite’s compact layout offers defined work areas along with practical staff amenities in one self-contained space.
The property is near Aldi’s at the intersection of Hwy 21 and Plaza Drive, providing a recognizable commercial setting for an office user. The suite’s compact layout offers defined work areas along with practical staff amenities in one self-contained space.
Key Highlights
- 904 SF office suite in a multi‑tenant building
- Two offices with lobby, break area, and bathroom
- Building constructed in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,854
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,080
$317.1K
Cap Rate 7%
$226,486
$226.5K
Cap Rate 9%
$176,156
$176.2K
Market Conditions
NOI Build-Up for 904 SF
Gross rent
$23.5K $26.04/SF
− Vacancy
−$2.4K −$2.66/SF
EGI
$21.1K $23.38/SF
− OpEx
−$5.3K −$5.85/SF
NOI
$15.9K $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%
$317,080
Cap Rate 7%
$226,486
Cap Rate 9%
$176,156
Alternative Uses
Best Use
Office B
$226.5K
$198.2K – $264.2K
NOI $15,854 @ 7.0% cap · market cap 60,976.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$284.5K
$249.0K – $332.0K
NOI $19,917 @ 7.0% cap · market cap 76,603.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Explore this area
Business Placement
Demographics for 28115, NC
43,413
Population
17,427
Households
2.5
Avg Household Size
38
Median Age
37%
College-Educated
94%
High-School Grad
74.6 sq mi
ZIP Area
582
Density / Sq Mi
$86,724
Median Household Income
$46,921
Median Earnings
$1,193
Median Rent
$330,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Multi-tenant office suite with a lobby, break area, and private bathroom.
Where is this office unit located?
The property is located at 124 E Plaza Drive Mooresville, NC.
What are key features of this property?
This property features: 904 SF office suite in a multi‑tenant building; Two offices with lobby, break area, and bathroom; Building constructed in 2006
