Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    134 Town Center Dr Mooresville, NC 28117
    Back to Search
    Property profile & analytics

    134 Town Center Dr Mooresville, NC 28117

    View on Map
    • Retail properties & Spaces
    • 72,988 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Harris Teeter Pharmacy / Pharmacy
    • Cardtronics / Atm
    • Starbucks / Cafe & Coffee Shop
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Laurie J. Thurman, PharmD / Pharmacy

    Property Details for 134 Town Center Dr

    Year built
    2001
    Property size
    72,988 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional 4,116 square foot retail space is located within The Shoppes at Morrison, a thriving master-planned development in Mooresville, North Carolina. Situated at 134 Town Center Drive, this storefront boasts a highly visible location at the intersection of Williamson Rd and Marketplace Ave, in the 28117 zip code. The property is part of a larger development encompassing retail, office, and residential components, ensuring a robust and diverse customer base. Built in 2001, the entire shopping center totals 72,988 square feet and currently consists of a single suite. This particular space is a former end-cap location previously occupied by Cantina 1511, offering excellent visibility and accessibility. The Shoppes at Morrison benefits from its proximity to a Harris Teeter grocery store, a significant anchor tenant driving consistent foot traffic. This presents a unique opportunity for a business seeking a well-established location within a rapidly growing community. The property is located in Iredell County and offers immediate occupancy for a qualified tenant. The space's size and prime location make it ideal for a variety of retail uses. This is a rare opportunity to secure a prominent storefront in a flourishing Mooresville development.

    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
    -80.876
    Latitude
    35.5854

    Comparable in this City

    • 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
      $4,030,000
      22,876 SF

      647 Brawley School Rd

      RETAIL STORES (PERSONAL SERVICES) • 22,876 SF
      647 Brawley School Rd, Mooresville, NC 28117-6833
      View Details
    • Value Estimation
      $995,000
      7,936 SF

      973 Riv Hwy

      RETAIL STORES (PERSONAL SERVICES) • 7,936 SF
      973 Riv Hwy, Mooresville, NC 28117-9058
      View Details
    • Value Estimation
      $765,000
      5,970 SF

      1249 Riv Hwy

      RETAIL STORES (PERSONAL SERVICES) • 5,970 SF
      1249 Riv Hwy, Mooresville, NC 28117-9088
      View Details
    • Value Estimation
      $1,770,000
      9,900 SF

      105 Wildcat Ln

      RETAIL STORES (PERSONAL SERVICES) • 9,900 SF
      105 Wildcat Ln, Mooresville, NC 28117-9101
      View Details
    • Value Estimation
      $2,010,000
      16,150 SF

      743 Riv Hwy

      RETAIL STORES (PERSONAL SERVICES) • 16,150 SF
      743 Riv Hwy, Mooresville, NC 28117-9056
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,460 SF

      Retail/Office Space on Charlotte Hwy

      Former dry-cleaning space ideal for retail or office use.
      235 Medical Park Rd, Mooresville, NC 28117
      View Details
    • Contact for pricing
      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
      3,969 SF

      Former Restaurant Near Interstate I-77

      Former restaurant space near major retailers and interstate access.
      132 Gallery Center Dr, Davidson, 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

      Land in Mooresville, NC

      Land available for sale in Mooresville, North Carolina.
      211 Williamson Rd, Mooresville, NC 28117
      View Details
    • New
      $475,000
      0.02 Acres

      Unique Mooresville Live/Work Opportunity

      Three-story mixed-use building with commercial and residential units.
      132 Market Place Ave, Mooresville, NC 28117
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      2,421 SF

      Retail Suites Available for Lease

      Two 1,200 SF retail suites with building signage available.
      2785 Charlotte Hwy, Mooresville, NC 28117
      View Details
    • Contact for pricing

      Multi-Tenanted Business Park For Rent

      55,000 SF business park with diverse spaces and prime location.
      131 Crosslake Park Dr, Mooresville, NC 28117
      View Details
    • Contact for pricing
      18,000 SF

      Retail Space in New Development

      Retail space available in new development with apartments.
      239 W Plaza Dr, Mooresville, NC 28117
      View Details
    • Contact for pricing
      963 SF

      Retail Space in Mooresville Commons

      Retail space with high visibility and easy access to I-77.
      126 Mooresville Commons Way, 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
    • $22 SF/Yr
      52,490 SF

      Mooresville Commercial Space For Lease

      2,185 SF commercial space in growing Mooresville market.
      113 Quiet Cove Rd, Mooresville, NC 28117
      View Details
    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.
    134 Town Center Dr
    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
    134 Town Center Dr, 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!