Development Land with Dual Highway
For Sale
Contact for pricing
2166 STATESVILLE HWY, Mooresville, NC 28115
Zoned R2 and includes an on-site home, with access and frontage from two roads.
Property Size2,204 SF
Lot Size3.00 Acres
Price / SF$397.01
Days on Market191
Property Features for 2166 STATESVILLE HWY
General Information
Standard status
Active
Size
2,204 SF
Lot size
3.00 Acres
Property subtype
Industrial, Mixed Use, Special Purpose
Zoning
R2
Investment Type
Redevelopment
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1995
Buildings
1
Stories
2
Units
1
Listing Agency:
Southern Homes of The Carolinas
Listed By:
Clarke Crawford · License #213188
(704) 896-2000
Source:
Crexi
Added: Apr 13
Changed: Oct 5
Last Checked: Oct 19 at 4:08AM
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 Southern Homes of The Carolinas
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Investment Insights
Based on property information with market context.
This development tract is offered for sale as zoned R2, with an existing home on site. The property is positioned as a holding opportunity while it moves forward through an initiated rezoning effort for future commercial development.
The parcel provides frontage and access from both Statesville Highway and a connector road, supporting flexible site planning for a range of potential uses.
According to the Town of Mooresville, the parcel is expected to be concurrently annexed and rezoned to an Employment Center designation, which would allow hybrid light industrial and similar commercial uses. The owner has already initiated the rezoning process, giving interested developers, investors, or end-users a head start toward future employment-oriented development.
The parcel provides frontage and access from both Statesville Highway and a connector road, supporting flexible site planning for a range of potential uses.
According to the Town of Mooresville, the parcel is expected to be concurrently annexed and rezoned to an Employment Center designation, which would allow hybrid light industrial and similar commercial uses. The owner has already initiated the rezoning process, giving interested developers, investors, or end-users a head start toward future employment-oriented development.
Key Highlights
- Approximately 3‑acre development tract near downtown Mooresville
- Frontage and access from two roads: Statesville Highway and Connector Road
- Currently zoned R2 and includes an on‑site home
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,532
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,640
$510.6K
Cap Rate 7%
$364,743
$364.7K
Cap Rate 9%
$283,689
$283.7K
Market Conditions
NOI Build-Up for 2,204 SF
Gross rent
$41.8K $18.96/SF
− Vacancy
−$2.5K −$1.14/SF
EGI
$39.3K $17.82/SF
− OpEx
−$13.7K −$6.24/SF
NOI
$25.5K $11.58/SF
Area
Iredell County, NC
Vacancy
6.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,640
Cap Rate 7%
$364,743
Cap Rate 9%
$283,689
Alternative Uses
Best Use
Flex RnD
$364.7K
$319.2K – $425.5K
NOI $25,532 @ 7.0% cap · market cap 2.92%
Second Best
Industrial
$207.4K
$181.5K – $242.0K
NOI $14,521 @ 7.0% cap · market cap 1.66%
Theoretical Best
Office A
$693.7K
$607.0K – $809.3K
NOI $48,559 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
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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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Zoned R2 and includes an on-site home, with access and frontage from two roads.
Where is this commercial land located?
The property is located at 2166 STATESVILLE HWY Mooresville, NC.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Approximately 3‑acre development tract near downtown Mooresville; Frontage and access from two roads: Statesville Highway and Connector Road; Currently zoned R2 and includes an on‑site home
