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Property profile & analytics
OFF-MARKET
Land

115 Annas Grace Dr Mooresville, NC 28115

2.89 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.89-acre commercial land parcel, located at 115 Annas Grace Drive in Mooresville, North Carolina (zip code 28115, APN 4668516001), presents a unique investment opportunity. Situated in Iredell County, this property boasts a prime location within a rapidly expanding area. Mooresville is recognized as one of the fastest-growing cities in North Carolina, a state experiencing significant population growth. The site is conveniently located approximately 25 miles north of Charlotte, NC, benefiting from its proximity to a major metropolitan area. This land is fully approved and entitled for the development of a self-storage facility, totaling approximately 114,462 square feet. Detailed plans, including draft design and development drawings, were approved in June 2024 and are available for review. This ready-to-build site offers an immediate opportunity to capitalize on the high demand for self-storage in this thriving market. The property's strategic location and fully approved plans minimize development hurdles, making it an attractive investment for experienced developers seeking a quick path to profitability. The significant population growth in the area, exceeding 43% over the past eight years, further underscores the strong potential for a successful self-storage venture.

Property profile
Verified
Property type Land
Lot 2.89 ac (125,888 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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