Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    369 West Plaza Drive Mooresville, NC 28117

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space in a high-growth Mooresville retail corridor.

    Type:Retail
    Added:
    Nov 25, 2025
    Days on Market:
    127
    Last Refresh:
    Mar 29 at 8:20 pm

    Property Features for 369 West Plaza Drive

    General Information

    Standard status
    Active
    Property subtype
    Retail

    We can help!

    Listing Contact
    John Varol

    Listing agent John Varol

    Listing office

    Listing date Nov 25, 2025

    Source Atlanticretail

    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 John Varol

    Overview

    Retail Space in Growing Area

    The property is situated in a high-density retail corridor. The surrounding area includes national tenants such as Lowe’s, Walmart, Target, Big Lots, Sam’s Club, Dick’s Sporting Goods, and Harris Teeter. The population within a 3-mile radius has grown at a rate of 12.5% during the last 5 years, with growth expected to continue at a rate of 8.65% during the next 5 years. Population projections indicate that the towns of Mooresville, Davidson, Cornelius and Huntersville will add approximately 125,000 people by 2040, representing an increase of 86% over the present combined population of the four towns.
    Location Intelligence

    Current Use by Public Records

    Mooresville Consumer Square Shopping Center & Mall

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Port Village Shopping Center — 498 River Hwy, Mooresville, NC 28117
    • Mooresville Consumer Square — 369 W Plaza Dr, Mooresville, NC 28117
    • Mooresville Festival Shopping Center — 350 W Plaza Dr, Mooresville, NC 28117

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8213
    Latitude
    35.5929

    Nearby Similar for Lease

    • Contact for pricing

      Renovated Office Space in Mooresville

      Historic downtown Mooresville office space for lease.
      106 W Moore Avenue, Mooresville, NC 28115
      View Details
    • Contact for pricing

      Mooresville Office Space Available

      Office space for rent with kitchen and storage.
      146 W Statesville Avenue, Mooresville, NC 28115
      View Details
    • Contact for pricing

      Office Space in Mooresville, NC

      Office space with open area, storage, and small office.
      153 Main Street N, Mooresville, NC 28115
      View Details
    • $250/mo

      Downtown Mooresville Office Space

      Second floor office space in downtown Mooresville.
      153 Main Street, Mooresville, NC 28115
      View Details
    • Sponsored
      Contact for pricing

      Langtree at the Lake

      106 Langtree Village Dr, Unit 301, Mooresville, NC 28117
      View Details
    • $25/mo

      Retail Space in High Visibility Center

      High-visibility retail space available for lease in Mooresville, NC.
      702 Brawley School Rd, Mooresville, NC
      View Details
    • Contact for pricing

      Executive Office Space in Mooresville

      Professional office space available in Lakeside Business Park.
      179 Gasoline Alley, Mooresville, NC
      View Details
    • Contact for pricing

      Mooresville Executive Offices for Lease

      Executive offices for lease with included utilities and amenities.
      131 Plantation Ridge Drive, Mooresville, NC
      View Details
    • $19/mo

      Mooresville Flex/Retail Space Available

      Flex/retail space with ample parking and frontage on N. Main.
      1113-1131 N Main St, Mooresville, NC
      View Details
    • $29/mo

      Medical Office Space Near Hospital

      Medical office space available near Lake Norman Regional Medical Center.
      170 Medical Park Rd, Mooresville, NC
      View Details
    • $19/mo

      Class A Office Building

      Three-story professional office building near Lake Norman Regional Hospital.
      136 Fairview Rd, Mooresville, NC
      View Details
    • Contact for pricing

      Regional Power Center For Rent

      Regional power center with excellent Interstate 77 access.
      355 W Plaza Drive, Mooresville, NC 28117
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space in a high-growth Mooresville retail corridor.
    Where is this shopping center located?
    The property is located at 369 West Plaza Drive Mooresville, NC.
    What are key features of this property?
    This property features: High‑density retail corridor location.; Located near high‑performing national tenants like Lowe’s, Walmart, and Target.; Significant population growth in the surrounding area.
    (980) 498-3291
    We can help!
    Listing Contact
    John Varol
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!