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    235 Medical Park Rd Mooresville, NC 28117

    Sponsored
    For Sale
    $3,751,668

    High-yield medical office investment.

    Property size:
    17,408 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 17,408 square foot medical office building, constructed in 2006, presents a compelling investment opportunity in Mooresville, NC. Located at 235 Medical Park Rd, this fully leased property boasts a strong 6.85% cap rate and a substantial net operating income (NOI) of $256,989.32, representing an asking price of $3,751,668. The building features a mix of first-floor retail and second-floor medical office space, occupied by a cohesive blend of local and national tenants. Its strategic location offers excellent proximity to a thriving commercial district encompassing 1.5 million square feet, including Lake Norman Regional Hospital (0.4 miles) and Lowe's Home Improvement corporate offices (1.2 miles). Situated on a 28,098 square foot lot, the property benefits from high visibility along US 21 (Charlotte Highway), a major thoroughfare with 24,000 vehicles per day. The surrounding area exhibits robust population growth projected at 10-12%, ensuring sustained demand for retail and medical services, making this a secure and appreciating asset for investors seeking both short-term returns and long-term value appreciation. This property offers a rare combination of stability and growth potential.

    Property Features for 235 Medical Park Rd

    General Information

    Property type
    Medical offices
    Square Feet
    17,408 SF

    Building Details

    Year Built
    2006

    HighLights

    • First‑floor retail and second‑floor medical office space.
    • Fully leased with a strong tenant roster.
    • Mix of local and national tenants.
    • Excellent location near other medical, professional, and retail businesses.
    • 0.4 miles from Lake Norman Regional Hospital.
    • 1.2 miles from Lowe's corporate headquarters.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sumo Shack Restaurant James G. Zolzer, ... Obstetrician-Gynecologist Todd J. Adams, ... Obstetrician-Gynecologist Lakeshore Women's Specialists, ... Women'S Health Clinic Orange Cleaners Dry Cleaner

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8541685
    Latitude
    35.5539576

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    FAQs

    What type of property is this?
    Medical office - High-yield medical office investment.
    Where is this medical office located?
    The property is located at 235 Medical Park Rd Mooresville, NC.
    What is the asking price?
    The asking price for this property is $3,751,668.
    What are key features of this property?
    This property features: First-floor retail and second-floor medical office space.; Fully leased with a strong tenant roster.; Mix of local and national tenants.
    Request Owner's contact information
    235 Medical Park Rd 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
    235 Medical Park Rd Mooresville, NC 28117
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