Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2138 Us 221A Hwy Mooresboro, NC 28114
    Back to Search
    Property profile & analytics

    2138 Us 221A Hwy Mooresboro, NC 28114

    View on Map
    • Commercial real estate
    • 25.80 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2138 Us 221A Hwy

    Year built
    1969
    Lot size
    25.80 lot acres
    Property type
    Commercial real estate

    Description

    This expansive 25.8-acre property presents a unique investment opportunity in Mooresboro, NC. The centerpiece is a substantial industrial building, comprising a front office area and a two-story warehouse equipped with loading docks on both levels. The property boasts significant frontage – over 2,000 feet along the Second Broad River and approximately 1,800 feet along Highway 221A, providing excellent visibility and accessibility. An existing asphalt road runs alongside the river, enhancing internal maneuverability. For added security, the property is fenced along the highway frontage and both side boundaries. The location offers convenient access to Highway 74, situated just nine minutes away. This versatile property is ideal for a wide range of industrial, commercial, or even redevelopment projects, offering substantial space and prime riverfront location. The sheer scale and potential of this site make it a truly exceptional offering. The existing structures provide a solid foundation for immediate use or future expansion, while the ample acreage allows for significant flexibility in development plans. This is a rare opportunity to acquire a large-scale property with significant road and river frontage in a desirable location. The asking price is $375,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mooresboro
    County
    Rutherford
    State
    North Carolina
    Longitude
    -81.8
    Latitude
    35.2809

    Comparable in this City

    • Value Estimation by Request
      432 SF

      2827 Us 221st Hwy

      COMMERCIAL (GENERAL) • 432 SF
      2827 Us 221st Hwy, Mooresboro, NC 28114
      View Details
    • Value Estimation by Request
      168 SF

      2201 Us 221st Hwy

      COMMERCIAL (GENERAL) • 168 SF
      2201 Us 221st Hwy, Mooresboro, NC 28114
      View Details
    • Value Estimation
      $900,000
      6,600 SF

      650 Nc 120th Hwy

      COMMERCIAL (GENERAL) • 6,600 SF
      650 Nc 120th Hwy, Mooresboro, NC 28114-6713
      View Details
    • Value Estimation by Request
      240 SF

      2383 Harris Henrietta Rd

      COMMERCIAL (GENERAL) • 240 SF
      2383 Harris Henrietta Rd, Mooresboro, NC 28114
      View Details
    • Value Estimation by Request
      499 SF

      2448 Harris Henrietta Rd

      COMMERCIAL (GENERAL) • 499 SF
      2448 Harris Henrietta Rd, Mooresboro, NC 28114
      View Details
    • Value Estimation by Request
      2,076 SF

      1249 Nc 120th Hwy

      COMMERCIAL (GENERAL) • 2,076 SF
      1249 Nc 120th Hwy, Mooresboro, NC 28114-6719
      View Details

    Similar Nearby for Sale

    • $90,000
      7.00 Acres

      7-Acre Wooded Homesite in Mooresboro

      Buildable 7-acre wooded lot in a quiet residential area.
      Ferry Rd, Mooresboro, NC 28114
      View Details
    • $265,000

      Land Ideal for Mini-Farm

      Land suitable for building a mini-farm or horse farm.
      2431 Mccraw Rd, Mooresboro, NC 28114
      View Details
    • Contact for pricing
      2.18 Acres

      Two-Acre Lot in Mooresboro, NC

      2-acre lot with creek, partially cleared homesite near amenities.
      State Line Rd, Mooresboro, NC 28114
      View Details
    • $49,999
      2.15 Acres

      Homesite in Gated Community

      2.15-acre homesite with river access and scenic trails.
      127 Whispering Pne Ln, Mooresboro, NC 28114
      View Details
    • $50,000

      Corner Lot Near Chesnee SC

      Corner lot with trees, partially fenced, near Chesnee SC.
      5 Painter Rd, Mooresboro, NC 28114
      View Details
    • $35,000
      1.19 Acres

      Mooresboro Vacant Land Opportunity

      1.19+/- acre lot in Broad River Highlands.
      114 Riverview Dr, Mooresboro, NC 28114
      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.
    2138 Us 221A Hwy
    Mooresboro, NC 28114
    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
    2138 Us 221A Hwy, Mooresboro, NC, 28114
    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!