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    116 Morlake Dr Mooresville, NC 28117

    Sponsored
    For Sale
    $432,000

    Class A Office, 1600 SF, Vacant

    Property size:
    1,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A medical/traditional office space, located at 116 Morlake Drive, Suite A & B in Mooresville, North Carolina, presents a fantastic investment opportunity. The 1,600 square foot suite is currently vacant and ready for immediate occupancy. Boasting a desirable ground floor location, the space is flooded with natural light. The suite is fully fitted and can be easily subdivided into two separate units of approximately 900 and 700 square feet, offering flexibility for various business needs. Amenities include convenient elevator access to upper floors, well-maintained men's and women's restrooms, and a secure building with keypad entry. The asking price is $432,000, translating to $270 per square foot. The property is situated in Iredell County, NC, zip code 28117, and offers a prime location for medical or general office practices. The listed square footage includes common areas, bathrooms, and lobby space. Don't miss this chance to acquire a move-in ready, high-quality office space in a thriving North Carolina community.

    Property Features for 116 Morlake Dr

    General Information

    Property type
    Medical offices
    Square Feet
    1,600 SF
    Class
    A

    HighLights

    • $432,000 asking price for a 1,600 sq ft Class A office suite.
    • Located at 116 Morlake Dr, Mooresville, NC 28117.
    • Vacant, 1,600 sq ft of net rentable space.
    • $270 per square foot.
    • Ground floor suite with ample natural light; potentially subdividable into 900 sq ft and 700 sq ft spaces.
    • Fully fitted and ready for immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Pain & Rehab Institute Sports Medicine Clinic L. Ragan Dudley Family Law Attorney The Dudley Law Firm ... Law Firm MIDTC, LLC Computer Support And Services DFS Advisors, LLC Financial Planner

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Spa & Massage Auto Repair Shop Wholesale Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.863402
    Latitude
    35.5993438

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    FAQs

    What type of property is this?
    Medical office - Class A Office, 1600 SF, Vacant
    Where is this medical office located?
    The property is located at 116 Morlake Dr Mooresville, NC.
    What is the asking price?
    The asking price for this property is $432,000.
    What are key features of this property?
    This property features: $432,000 asking price for a 1,600 sq ft Class A office suite.; Located at 116 Morlake Dr, Mooresville, NC 28117.; Vacant, 1,600 sq ft of net rentable space.
    Request Owner's contact information
    116 Morlake Dr Mooresville, NC 28117
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    Mooresville, NC 28117
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    Realmo Value Estimation

    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.

    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.

    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
    116 Morlake Dr Mooresville, NC 28117
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