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    645 Brookwood Street Mooresville, NC 28115

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    Claim this Listing
    New
    For Sale
    $550,000

    MULTI_FAMILY - Other - Mooresville, NC

    Lot size:
    0.34 Acres
    Added:
    May 1, 2026
    Days on Market:
    1
    Last Refresh:
    May 1 at 3:06 pm

    Property Features for 645 Brookwood Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Bedrooms
    3
    Bathrooms
    6
    Rooms
    Laundry Room, Bedroom 1, Bathroom 5, Bathroom 6, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2
    Parking features
    Driveway, Garage, Garage - Attached
    Patio and Porch features
    Patio, Porch
    Pets allowed
    Yes
    Interior features
    Attic Stairs Pulldown, Breakfast Bar, Entrance Foyer, Open Floorplan, Pantry
    Fencing
    Privacy, Fenced
    Appliances
    Dishwasher, Disposal, Electric Range, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator
    Standard status
    Active
    APN
    4667-48-1570.000
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Description
    L10-13 J W BRAWLEY BL H PB 3-26A 26B

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2026
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl
    Building materials
    Vinyl
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Andy Griesinger
    Andy Griesinger

    Listing agent Andy Griesinger License #4295810

    Listing office EXP Realty LLC Ballantyne 3440 Toringdon Way Ste 205, NC

    Listing date May 1, 2026

    MLS# 4376935 Listing URL

    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.

    Overview

    New Townhouse Duplex, No HOA

    Located in Mooresville, NC, this newly constructed townhouse duplex at 645 Brookwood Street offers refined design and modern finishes with no HOA. Each residence features 3 bedrooms and 2.5 bathrooms, designed for both everyday living and stylish entertaining. Quality craftsmanship is evident from the Craftsman-style entry to the attached one-car garage. The main level showcases an open-concept layout enhanced by luxury vinyl plank flooring, recessed lighting, and seamless connectivity between living and dining spaces. The chef's kitchen is appointed with white shaker cabinetry, quartz countertops, a subway tile backsplash, and a large peninsula island with breakfast bar seating, along with a full suite of GE stainless steel appliances, including a refrigerator. A pantry and direct access to the private rear patio create functionality for indoor-outdoor living, while a half bathroom adds convenience. Upstairs, all three bedrooms are situated alongside a spacious laundry room. The primary suite offers a large closet and an ensuite bath featuring a dual quartz vanity, chrome fixtures, and a separate shower. Two additional bedrooms share a full hall bathroom with a quartz-topped vanity and tub/shower combination. Outdoor living includes a fully fenced backyard and a privacy partition separating each unit, set against a wooded backdrop. Unit B mirrors the same high-quality finishes and is tenant-occupied, presenting a turnkey investment opportunity with income potential. The property, situated on a 0.34-acre lot, is ideal for owner-occupants seeking to offset expenses or investors looking to expand their portfolio with a low-maintenance asset.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.802624
    Latitude
    35.600933

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    FAQs

    What type of property is this?
    Duplex - Newly constructed townhouse duplex with modern finishes and income potential.
    Where is this duplex located?
    The property is located at 645 Brookwood Street Mooresville, NC.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Newly constructed townhouse duplex with no HOA fees.; Turnkey investment opportunity with tenant‑occupied Unit B providing immediate income.; Features 3 bedrooms, 2.5 bathrooms, and an attached one‑car garage.
    (980) 316-4454
    We can help!
    Listing Contact
    Andy Griesinger
    Andy Griesinger
    Real Estate License ID: 4295810
    Learn More
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    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.

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    645 Brookwood Street, Mooresville, NC 28115

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