Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
Property profile & analytics

275 Broad St Mooresville, NC 28115-3103

  • Warehouses
  • 5,900 SF
  • 0.43 lot acres
OFF-MARKET
Last Sale
Apr 18, 2023
$735,000
Value Estimations
$815,000
Show details
Cap Rate Potential
7.6%
Warehouses
Location Intelligence
Property ID
US53-1168005
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • FeedNC / Non-Profit Organization / Cooking School
  • Mooresville Soup Kitchen - Food Distribution Center / Food Bank

Property Details for 275 Broad St

Year built
1986
Construction
STONE
Lot size
0.43 lot acres
Property size
5,900 SF
Zone code
TD
Property type
Warehouses
APN
4657-91-8017.000
APU
4657918017000

Description

This exceptional 5,900 square foot retail or restaurant space is located at 275 S. Broad Street in the heart of Downtown Mooresville, North Carolina. Built in 1986 and completely renovated in 2023, this single-tenant property sits on a 0.43-acre lot and is classified as a Class B building. The property features a single story and is zoned TD, offering flexibility for a variety of uses under the new Unified Development Ordinance (UDO). The building's existing infrastructure is well-suited for restaurant operations. The 5,900 square feet of vacant space presents a blank canvas for a creative entrepreneur to establish a thriving business in this rapidly growing downtown area. Its strategic location within the vibrant Downtown Mooresville submarket ensures high visibility and accessibility to a large customer base. The property's convenient location minimizes parking concerns, a significant advantage in a bustling downtown setting. The Iredell County location (APN 4657918017.00) offers a strong foundation for a successful venture, capitalizing on the energy and growth of Mooresville's downtown core. This is a unique chance to establish a prominent presence in a thriving community. The property's recent renovation ensures a move-in ready condition, allowing for immediate occupancy and business commencement. This presents a rare opportunity to establish a business in a prime location with minimal upfront investment in renovations.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $825,000
    ML approach
    $825,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $1,055,000
    6.5%
    $975,000
    7%
    $905,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $495,000
    Market price range: $88.2k - $878k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Mooresville
County
Iredell
State
North Carolina
Longitude
-80.8168
Latitude
35.5803
CBSA code
16740
CBSA name
CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,141
$128,100
$147,740
$275,840
-
$128,100
$147,740
$275,840
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