Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    637 Williamson Rd Mooresville, NC 28117
    Back to Search
    Property profile & analytics

    637 Williamson Rd Mooresville, NC 28117

    View on Map
    • Lifestyle centers
    • 1,700 SF
    For Sale
    View Listing →
    Prime Greenwood Road Office Suites For Sale
    Contact for pricing
    1,700 SF

    Prime Greenwood Road Office Suites

    Modern office space, flexible layouts, all utilities included.

    637 Williamson Rd, Mooresville, NC 28117
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Placid Salon & Spa / Hair Salon / Nail Salon
    • Havana 33 / Restaurant
    • Beam Pines Inc / Business Management Consultant
    • Sandi at Rudy’s Barbershop / Spa & Massage Center / Skin Care Clinic
    • Wax On Wax Off Body Bar / Spa & Massage Center / Skin Care Clinic

    Property Details for 637 Williamson Rd

    Property size
    1,700 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Located at 4979 Old Greenwood Road, this Class B office building offers a variety of suite options perfect for small businesses or individual professionals. Currently, multiple suites are available, with a minimum divisible space of 150 square feet and a maximum contiguous space of 304 square feet. Seven total suites are available within the building, allowing for flexibility in size and configuration to meet diverse needs. The property is zoned C-5, offering a wide range of permitted uses. Each suite is a private office, ideal for maintaining confidentiality and professionalism. All utilities are included in the rental price, providing predictable and manageable operating costs. Tenants are responsible for their own internet service. Shared restrooms and a breakroom are conveniently located for the building's occupants. This is an excellent opportunity to secure modern, efficient, and conveniently located office space in a well-maintained building. The building offers a professional atmosphere and is well-suited for businesses seeking a cost-effective and functional workspace. Inquire today to learn more about available suite sizes and lease terms. Don't miss this chance to establish your business in this desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.865
    Latitude
    35.5672

    Comparable in this City

    • Value Estimation by Request
      6,581 SF

      637 Williamson Rd

      Medical Office Space • 6,581 SF
      637 Williamson Rd, Mooresville, NC 28117
      View Details
    • Value Estimation by Request
      1,665 SF

      637 Williamson Rd

      Medical Office Space • 1,665 SF
      637 Williamson Rd, Mooresville, NC 28117
      View Details
    • Value Estimation by Request
      11,715 SF

      123 Professional Park Dr

      Medical Office Space • 11,715 SF
      123 Professional Park Dr, Mooresville, NC 28117
      View Details
    • Value Estimation by Request
      45,270 SF

      107 Commons Dr

      Neighborhood centers • 45,270 SF
      107 Commons Dr, Mooresville, NC 28117
      View Details
    • Value Estimation by Request
      122,117 SF

      Cor Of Brawley School Rd. & Williamson Rd

      Neighborhood centers • 122,117 SF
      0 Cor Of Brawley School Rd. & Williamson Rd, Mooresville, NC 28117
      View Details
    • Value Estimation
      $3,960,000
      34,569 SF

      128 Medical Park Rd

      MEDICAL BUILDING • 34,569 SF
      128 Medical Park Rd, Mooresville, NC 28117-8578
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,700 SF

      Prime Greenwood Road Office Suites

      Modern office space, flexible layouts, all utilities included.
      637 Williamson Rd, Mooresville, NC 28117
      View Details
    • Contact for pricing
      12,460 SF

      Retail and Medical Building Investment

      Fully leased retail and medical building near commercial district.
      235 Medical Park Rd, Mooresville, NC 28117
      View Details
    • Contact for pricing
      13,009 SF

      Medical Buildings on Williamson Road

      Two connected medical buildings on a 1.47-acre lot.
      357-359 Williamson Rd, Mooresville, NC 28117
      View Details
    • Contact for pricing

      Land in Mooresville, NC

      Land available for sale in Mooresville, North Carolina.
      211 Williamson Rd, Mooresville, NC 28117
      View Details
    • $925,000
      1,669 SF

      Retail Space Available For Sale

      Retail property with 1,669 SF of space for sale.
      872 River Hwy, Mooresville, NC 28117
      View Details
    • Contact for pricing
      53,616 SF

      Mooresville Mixed-Use Property For Sale

      53,616 SF mixed-use property available in Mooresville, North Carolina.
      182 Raceway Dr, Mooresville, NC 28117
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mooresville Mixed-Use Property For Rent

      Mixed-use property in Mooresville with high traffic and flexible zoning.
      637 Williamson Rd, Mooresville, NC 28117
      View Details
    • Contact for pricing
      3,589 SF

      Medical Office Space Near Hospital

      Medical office buildings near Lake Norman Regional Medical Center.
      146 Medical Park Rd, Mooresville, NC 28117
      View Details
    • Contact for pricing
      1,700 SF

      Professional Office Space For Rent

      Professional office space available in Mooresville Gateway.
      132 Gateway Blvd, Mooresville, NC 28117
      View Details
    • Contact for pricing
      1,363 SF

      Class A Medical Office Space

      Three-story medical and professional office building for lease.
      150 Fairview Rd, Mooresville, NC 28117
      View Details
    • Contact for pricing
      2,500 SF

      Medical Office Space Near Hospital

      Medical office space available near Lake Norman Regional Medical Center.
      170 Medical Park Rd, Mooresville, NC 28117
      View Details
    • Contact for pricing
      4,116 SF

      Restaurant/Retail Space Available

      Restaurant/Retail space available for lease in Mooresville, NC.
      134 Town Center Dr, Mooresville, NC 28117
      View Details
    View Listing
    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.
    637 Williamson Rd
    Mooresville, NC 28117
    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
    637 Williamson Rd, 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!