Commercial Real Estate Market in Mooresville, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
279 active listings and 2,709 off-market properties in Mooresville, NC. Commercial property asks $390/SF to buy and $21.08/SF/Yr to lease.
Market Trends
Mooresville, NC spans 113.7 square miles in Iredell County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mooresville, NC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Mooresville, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Mooresville, NC runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Mooresville, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Civic 49.3%
- Industrial 12.3%
- Mixed use 6.6%
- Commercial 6%
- Planned_development 1.8%
- Residential 0.5%
Largest Zones share of zoned land by district
Residential Limited Service
Conditional Zoning
Residential Low Intensity
Hybrid Light Industrial
Residential General
Residential Limited Service (RLS)
The purpose of the RLS (Residential Limited Service) district is to provide lands for low density detached, duplex, and manufactured home dwellings in areas typically not served by water and sewer service. Agricultural uses and complementary commercial and institutional uses are generally appropriate.
Market overview
Demographics & Economy
Mooresville, NC has 90,330 residents in 38,955 households. Density runs 794 people per square mile. Median household income here is $98,455 and median gross rent $1,401 a month.
90,330
Population
38,955
Households
2.3
Avg Household Size
40
Median Age
46%
College-Educated
96%
High-School Grad
113.7 sq mi
ZIP Area
794
Density / Sq Mi
$98,455
Median Household Income
$50,445
Median Earnings
$1,401
Median Rent
$453,441
Median Home Value
Tools
Lease vs Buy Breakeven
At $21.08/SF/Yr lease vs $390/SF buy → buying wins if held > 7.6 years.
At a 5.4% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mayhew | — | — |
| Mount Mourne | — | — |
| Mazeppa | — | — |
| Davidson | — | — |
Commercial property in Mooresville, NC asks $390/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mooresville?
Commercial property in Mooresville, NC asks an average of $390 per square foot. The 3 most recent recorded sales traded at a median of $132/SF, so asking sits 195% above the achieved median.
How much does it cost to lease commercial space in Mooresville?
Asking lease rates in Mooresville, NC average $21.08 per square foot per year.
Is it cheaper to lease or buy commercial space in Mooresville?
Buying beats leasing in Mooresville, NC if the property is held longer than 7.6 years, comparing $21.08/SF/Yr asking rent with $390/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Mooresville market data come from?
Realmo compiles Mooresville, NC figures from 4 recent recorded sales, 235 active sale listings, 44 active lease listings, 2,709 tracked off-market properties, the current Mooresville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 235 active for-sale and 44 active for-lease listings in Mooresville, NC. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 23,704 zoned acres across 13 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
