Demisable Brick Retail
For Sale
Contact for pricing
Pending
770-772 North Broad St, Mooresville, NC 28115
Full-brick commercial building on 1.6 acres with abundant parking and a fenced rear yard.
Property Size13,944 SF
Lot Size1.60 Acres
Days on Market687
Property Features for 770-772 North Broad St
General Information
Standard status
Pending
Size
13,944 SF
Lot size
1.60 Acres
Property subtype
RETAIL
Zoning
CC
Amenities
fenced rear yard
Building Details
Buildings
1
Construction
brick
Listing Agency:
Lake Norman Realty Inc
(704) 892-9673
Listed By:
Jeremy Katz · License #282116
(516) 850-3448
Source:
Moodyscre
Added: Dec 2, 2024
Changed: Oct 12
Last Checked: Oct 19 at 8:52AM
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.
This full-brick commercial building offers approximately 13,944 square feet and is set on about 1.6 acres. CC zoning allows for a wide variety of commercial uses, and the building can be demised into two units on separate meters, providing flexibility for multi-tenant occupancy. The property includes abundant parking and a fenced rear yard.
The location is close to Downtown Mooresville, as well as I-77 and NC-150.
The existing configuration supports either a single-tenant operation or a split layout with separate metering, making it well suited for buyers looking for adaptable space within a zoning framework that supports multiple commercial use types.
The location is close to Downtown Mooresville, as well as I-77 and NC-150.
The existing configuration supports either a single-tenant operation or a split layout with separate metering, making it well suited for buyers looking for adaptable space within a zoning framework that supports multiple commercial use types.
Key Highlights
- Full‑brick 13,944 SF commercial building on approx. 1.6 acres
- CC zoning allows a wide variety of commercial uses
- Building can be demised into 2 units with separate meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$171,185
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,423,700
$3.4M
Cap Rate 7%
$2,445,500
$2.4M
Cap Rate 9%
$1,902,056
$1.9M
Market Conditions
NOI Build-Up for 13,944 SF
Gross rent
$264.4K $18.96/SF
− Vacancy
−$19.8K −$1.42/SF
EGI
$244.5K $17.54/SF
− OpEx
−$73.4K −$5.26/SF
NOI
$171.2K $12.28/SF
Area
Iredell County, NC
Vacancy
7.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,423,700
Cap Rate 7%
$2,445,500
Cap Rate 9%
$1,902,056
Alternative Uses
Best Use
Retail
$2.45M
$2.14M – $2.85M
NOI $171,185 @ 7.0% cap · market cap 9.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.39M
$3.84M – $5.12M
NOI $307,214 @ 7.0% cap · market cap 16.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
101k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Groceries 27%
Shops & Services 16%
Home Improvements & Furnishings 6%
McDonald's
Dining
29,535 visits/mo
0.4 miles
Food Lion Grocery Store
Groceries
27,149 visits/mo
0.2 miles
KFC
Dining
7,023 visits/mo
0.4 miles
Dunkin' Donuts
Dining
6,146 visits/mo
0.5 miles
Caribou Coffee
Dining
5,600 visits/mo
0.2 miles
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Full-brick commercial building on 1.6 acres with abundant parking and a fenced rear yard.
Where is this retail space located?
The property is located at 770-772 North Broad St Mooresville, NC.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Full‑brick 13,944 SF commercial building on approx. 1.6 acres; CC zoning allows a wide variety of commercial uses; Building can be demised into 2 units with separate meters
