Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Corner Land in Mooresville Title is generated by Realmo AI

    Kendra Dr, Mooresville, NC 28117

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    4.54 acre corner lot with high traffic exposure.

    Type:Land
    Lot size:
    4.54 Acres
    Added:
    Aug 23, 2023
    Days on Market:
    1019
    Last Refresh:
    May 12 at 8:36 pm

    Property Features for Kendra Dr

    General Information

    Standard status
    Active
    Lot size
    4.54 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Spencer Crigler

    Listing agent Spencer Crigler License #NC 197597

    Listing office One Alliance Companies

    Listing date Aug 23, 2023

    Source Crexi

    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 One Alliance Companies

    HighLights

    • Strategic corner lot location on Kendra Drive and Highway 150.
    • High traffic exposure with over 28,000 vehicles daily.
    • Generous 4.54 acre parcel size.
    • HB CUD (Highway Business) zoning allows for diverse commercial development.
    • Ideal for retail, dining, office spaces, or mixed‑use concepts.
    • Located in the growing town of Mooresville, North Carolina.

    Overview

    This 4.54-acre parcel is located on the corner of Kendra Drive and Highway 150 in Mooresville, North Carolina. The property's Highway Business zoning and high traffic count, exceeding 28,000 vehicles daily, make it suitable for various commercial developments, including retail, dining, office spaces, or mixed-use concepts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.894035
    Latitude
    35.597699

    Nearby Similar for Sale

    • $1,110,000

      Commercial Office Condo Units

      Two office condo units with strong road visibility, offered as a combined suite with flexibility to restore separate spaces.
      110 Charleston Drive, Mooresville, NC 28117
      View Details
    • $1,350,000
      3,880 SF

      Mixed-Use Building in Mooresville, NC

      Mixed-use building with retail and office space for sale.
      188 N Main Street, Mooresville, NC 28115
      View Details
    • $1,000,000

      Historic Mount Mourne Plantation

      Historic landmark on over 3 acres in Mooresville, NC.
      104 Leslie Loop, Mooresville, NC 28115
      View Details
    • $2,500,000

      Commercial Development Site with Frontage

      A +/-4.58-acre commercial development parcel with conditional zoning for flexible site planning in Mooresville’s growth corridor.
      E Plaza Drive, Mooresville, NC 28115
      View Details
    • $2,890,000

      Lakefront Land Parcel with Shoreline

      Waterfront parcel with 200+ feet of shoreline and long-range water views for custom home design and build.
      132 Clearwater Lane, Mooresville, NC 28117
      View Details
    • $650,000

      7.5 Acre Estate in Mooresville

      7.5-acre estate near Davidson, ideal for equestrian or hobby farm.
      175 Stonehaven Drive, Mooresville, NC 28115
      View Details
    • $519,800

      New Construction Duplex Investment Opportunity

      New construction duplex in Mooresville designed for cash flow.
      West Park Avenue lot: 3, Mooresville, NC 28115
      View Details
    • $495,000

      Waterfront Lot in Beacon Pointe

      Exceptional waterfront lot in a sought-after Lake Norman community.
      152 Fox Hunt Drive, Mooresville, NC 28117
      View Details
    • $265,000

      Residential Lot in Brawley Downs

      Residential lot suitable for luxury garages or barndominiums.
      135 Poplar Grove Road, Mooresville, NC 28117
      View Details
    • $1,200,000

      Mooresville Land Court Ordered Sale

      12.885 acres of land for sale in Mooresville, NC.
      1321 Mecklenburg Highway, Mooresville, NC 28123
      View Details
    • $185,000

      Residential Land Near Lake Norman

      0.54-acre lot near Lake Norman, Mooresville, NC.
      138 Continental Drive, Mooresville, NC 28117
      View Details
    • $350,000

      Residential Lot in Brawley Downs

      Residential lot in exclusive community near Lake Norman.
      149 Poplar Grove Road, Mooresville, NC 28117
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4.54 acre corner lot with high traffic exposure.
    Where is this commercial land located?
    The property is located at Kendra Dr Mooresville, NC.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Strategic corner lot location on Kendra Drive and Highway 150.; High traffic exposure with over 28,000 vehicles daily.; Generous 4.54 acre parcel size.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Spencer Crigler
    Real Estate License ID: NC 197597
    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

    Thank You for Inquiry
    Kendra Dr, Mooresville, NC 28117
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!