Medical Office Building with
For Sale
$450,000
322 E Statesville Avenue, Mooresville, NC 28115
Former doctor's office with staff kitchen and on-site parking.
Property Size19,721 SF
Price / SF$187.03
Days on Market49
Property Features for 322 E Statesville Avenue
General Information
Standard status
Active
Size
19,721 SF
Property subtype
Retail
Amenities
kitchen
Additional parcels description:, Parcel Number: 4667-31-7488.000, Assessed Value: $218,260
Listing ID: CAR4419346, Standard Status: Active, MLS Status: Active, Property Subtype: Retail, Special Conditions: None
Built in 1972, 1 building
County/Parish: Iredell
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
19,721 SF
Year Built
1972
Buildings
1
Listing Agency:
RE/MAX Executive
(704) 662-0095
Listed By:
Jamie Purvis · License #283426
(704) 707-6268
Source:
Blackstreaminternational
Added: Sep 1
Changed: Oct 16
Last Checked: Oct 16 at 8:32AM
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 RE/MAX Executive
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Investment Insights
Based on property information with market context.
Built in 1972, this 2,406-square-foot commercial building is configured for medical office use and was most recently operated as a doctor's office. The property includes an on-site kitchen for staff and offers a layout that can accommodate medical, dental, general office, or retail functions.
Located at 322 E Statesville Avenue in Mooresville, the building is positioned minutes from downtown. On-site parking is available for employees and clients or patients, supporting day-to-day office operations and visitor access.
Located at 322 E Statesville Avenue in Mooresville, the building is positioned minutes from downtown. On-site parking is available for employees and clients or patients, supporting day-to-day office operations and visitor access.
Key Highlights
- 2,406‑square‑foot commercial building
- Most recently operated as a doctor's office
- On‑site kitchen for staff use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,510
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,200
$670.2K
Cap Rate 7%
$478,714
$478.7K
Cap Rate 9%
$372,333
$372.3K
Market Conditions
NOI Build-Up for 2,406 SF
Gross rent
$60.1K $24.96/SF
− Vacancy
−$4.2K −$1.75/SF
EGI
$55.8K $23.21/SF
− OpEx
−$22.3K −$9.29/SF
NOI
$33.5K $13.93/SF
Area
Iredell County, NC
Vacancy
7.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,200
Cap Rate 7%
$478,714
Cap Rate 9%
$372,333
Alternative Uses
Best Use
Office B
$602.8K
$527.5K – $703.3K
NOI $42,196 @ 7.0% cap · market cap 9.38%
Second Best
Healthcare Medical
$478.7K
$418.9K – $558.5K
NOI $33,510 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$757.3K
$662.6K – $883.5K
NOI $53,009 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
880
Businesses Nearby
Balanced
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Village Animal Hospital — 628 Carpenter Ave, Mooresville, NC 28115
- Healthsmart Pharmacy — 594 N Main St, Mooresville, NC 28115
- Lake Norman Equine Clinic — 1108 Briarhill Rd, Mooresville, NC 28115
Frequently Asked Questions
What type of property is this?
Medical Office Space - Former doctor's office with staff kitchen and on-site parking.
Where is this medical office space located?
The property is located at 322 E Statesville Avenue Mooresville, NC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,406‑square‑foot commercial building; Most recently operated as a doctor's office; On‑site kitchen for staff use
