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    637 Williamson Rd Mooresville, NC 28117

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    637 Williamson Rd Mooresville, NC 28117

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    • Retail properties & Spaces
    • 6,581 SF
    Off-Market
    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
    6,581 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    Harbor Point Village, located at 637 Williamson Road in Mooresville, NC 28117, offers a prime 1,700 square foot medical office space for lease within a larger 6,581 square foot building. This exceptional opportunity is situated on a heavily trafficked road, boasting 25,000 cars daily, providing unparalleled visibility and accessibility. The property benefits from its proximity to I-77 (Exit 33), ensuring convenient access for patients and clients. The strategic location also places it within easy reach of affluent Lake Norman communities, characterized by numerous households with incomes exceeding $100,000. Harbor Point Village is zoned Neighborhood Mixed Use (NMX), offering flexibility for a variety of uses, including retail, office, medical office, or even residential, making it an ideal live/work space. The building features multiple tenancies, creating a vibrant and diverse environment. This exceptional space presents a unique opportunity to establish or expand a medical practice in a high-demand area with excellent visibility and accessibility. The available space is part of a larger building, providing ample room for growth and expansion.

    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

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      1,665 SF

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      637 Williamson Rd

      Lifestyle centers • 1,700 SF
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      11,715 SF

      123 Professional Park Dr

      Medical Office Space • 11,715 SF
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    • Value Estimation
      $1,715,000
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      544 Brawley School Rd

      MEDICAL BUILDING • 11,726 SF
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      $2,285,000
      22,861 SF

      191 Plz Dra

      MEDICAL BUILDING • 22,861 SF
      191 Plz Dra, Mooresville, NC 28117-6806
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    • Value Estimation
      $595,000
      4,226 SF

      142 Professional Park Dr, Unit 2

      MEDICAL BUILDING • 4,226 SF
      142 Professional Park Dr, Mooresville, NC 28117-5601
      View Details

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      Retail and Medical Building Investment

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      Retail Space Available For Sale

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      Land in Mooresville, NC

      Land available for sale in Mooresville, North Carolina.
      211 Williamson Rd, Mooresville, NC 28117
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      Mooresville Mixed-Use Property For Sale

      53,616 SF mixed-use property available in Mooresville, North Carolina.
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    Similar Nearby for Lease

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      Mooresville Mixed-Use Property For Rent

      Mixed-use property in Mooresville with high traffic and flexible zoning.
      637 Williamson Rd, Mooresville, NC 28117
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      Medical Office Space Near Hospital

      Medical office buildings near Lake Norman Regional Medical Center.
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      Professional Office Space For Rent

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      Class A Medical Office Space

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      Medical Office Space Near Hospital

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    • $10,800 /Mo

      Mooresville Executive Suites

      Modern furnished offices, all utilities included.
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    637 Williamson Rd
    Mooresville, NC 28117
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    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
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    637 Williamson Rd, Mooresville, NC, 28117

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