Three-Story Office Condo
133 River Park Road Mooresville, NC 28117
133 River Park Road, Mooresville, NC, 28117
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For Sale
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Class A three-story building includes 11 office condos, with elevator service and ample parking.
Property Size16,000 SF
Price / SF$275
Days on Market49
Property Features for 133 River Park Road
General Information
- Standard status
- Active
- Size
- 16,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing agency
Newport Properties
Listed by
Sue Harding · License #NC 300718
Source
Crexi
Added: Jun 3 Updated: Jul 21 at 6:50AM Checked: Jul 21 at 6:50AM
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 Newport Properties
Investment Insights
Based on property information with market context.
This Class A three-story office building was built in 2006 and is configured into 11 individual office condos totaling more than 16,000 square feet. The main floor is fully leased, with suite 106 and suite 102 each currently occupied. The second floor includes open office areas, multiple private offices, and a conference room, and can be demised to support two tenants or used as a whole-floor owner occupancy. The fully leased lower level features a large training room, six private offices, and an open office area, with access to an outdoor gazebo and wooded retreat area.
The property is located off HWY 150 in Mooresville and is less than 3 miles from I-77. Ample on-site parking is provided, along with an elevator for access to all floors.
The building offers a combination of occupied income-producing space and additional flexible layout options on the second floor for ownership use or further leasing.
The property is located off HWY 150 in Mooresville and is less than 3 miles from I-77. Ample on-site parking is provided, along with an elevator for access to all floors.
The building offers a combination of occupied income-producing space and additional flexible layout options on the second floor for ownership use or further leasing.
Key Highlights
- Class A three‑story office building built in 2006 by local builder Spivey
- 11 individual office condos totaling over 16,000 SF of contemporary office space
- Main floor is fully leased: suite 106 ~2,285 SF and suite 102 ~2,107 SF
Local Financial Insights For Office B
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 | $416.6k | $26.04 |
| − Vacancy | −$42.5k | −$2.66 |
| EGI | $374.1k | $23.38 |
| − OpEx | −$93.5k | −$5.85 |
| NOI | $280.6k | $17.54 |
16,000 SF · lease $26.04/SF/yr · vacancy 10.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.01M
$3.51M – $4.68M
NOI $280,607 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.04M
$4.41M – $5.88M
NOI $352,512 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Iomax USA Inc
Corporate Office
Solar-Verse Charlotte
Solar Energy Company
Skyline National Bank ...
Bank
Spivey Homes - Passion ...
Construction Company
Bo of North Carolina ...
Construction Company
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FAQs
What type of property is this?
Office building - Class A three-story building includes 11 office condos, with elevator service and ample parking.
Where is this office building located?
The property is located at 133 River Park Road Mooresville, NC.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: Class A three‑story office building built in 2006 by local builder Spivey; 11 individual office condos totaling over 16,000 SF of contemporary office space; Main floor is fully leased: suite 106 ~2,285 SF and suite 102 ~2,107 SF
