Storage Condo with Vehicle
149 Cayuga Drive, Mooresville, NC 28117
For Sale
New
$269,900
Commercial Sale, Mooresville, NC
Property Size940 SF
Lot Size0.10 Acres
Price / SF$287.13
Days on Market2
Property Features for 149 Cayuga Drive
General Information
Property type
Property subtype
Zoning description
Directions
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Cooling system
Amenities
restrooms
kitchen facilities
Building Details
Year built
Floors in Building
Listing Agency:
Southern Homes of the Carolinas, Inc
(704) 896-2000
Listed By:
Yuri Jounis Carvalho · License NC #336636
(704) 890-0050
Added: Nov 12
Last Checked: Nov 13 at 8:06PM
MLS# 4442398
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 940-square-foot storage condo was built in 2020 and has climate control, central air, and heat pump heating. Its open interior features painted walls, epoxy flooring, high ceilings, and an installed two-post automotive lift. A tall overhead door provides vehicle access, while shared restrooms and kitchen facilities are available to owners.
The property is in Mooresville near I-77. Its finished interior and vehicle-oriented features are suited to storage of cars and related equipment.
The property is in Mooresville near I-77. Its finished interior and vehicle-oriented features are suited to storage of cars and related equipment.
Key Highlights
- 940‑square‑foot climate‑controlled storage condo
- Installed two‑post automotive lift
- Epoxy flooring, painted walls, and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,016
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$160,320
$160.3K
Cap Rate 7%
$114,514
$114.5K
Cap Rate 9%
$89,067
$89.1K
Market Conditions
NOI Build-Up for 940 SF
Gross rent
$12.2K $12.96/SF
− Vacancy
−$731 −$0.78/SF
EGI
$11.5K $12.18/SF
− OpEx
−$3.4K −$3.65/SF
NOI
$8.0K $8.53/SF
Area
Iredell County, NC
Vacancy
6.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$160,320
Cap Rate 7%
$114,514
Cap Rate 9%
$89,067
Alternative Uses
Best Use
Self Storage
$114.5K
$100.2K – $133.6K
NOI $8,016 @ 7.0% cap · market cap 2.97%
Second Best
Warehouse
$97.8K
$85.6K – $114.1K
NOI $6,846 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$331.4K
$289.9K – $386.6K
NOI $23,195 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
Demographics for 28117, NC
46,917
Population
21,528
Households
2.2
Avg Household Size
42
Median Age
55%
College-Educated
98%
High-School Grad
39.1 sq mi
ZIP Area
1,200
Density / Sq Mi
$109,310
Median Household Income
$53,706
Median Earnings
$1,593
Median Rent
$567,200
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - Finished interior surfaces and shared kitchen and restroom facilities support practical vehicle storage.
Where is this self storage facility located?
The property is located at 149 Cayuga Drive Mooresville, NC.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 940‑square‑foot climate‑controlled storage condo; Installed two‑post automotive lift; Epoxy flooring, painted walls, and high ceilings
