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    Pacmoore Pkwy Mooresville, IN 46158
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    Pacmoore Pkwy, Mooresville, IN 46158

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    • Warehouses
    • 12,000 SF
    • 1.64 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 0 Pacmoore Pkwy

    Lot size
    1.64 lot acres
    Property type
    Warehouses
    Property subtype
    Land

    Description

    Innovation Park 67 in Mooresville, Indiana offers a variety of lease, sale, and build-to-suit opportunities. Currently available are two buildings, one offering up to 30,000 square feet and the other up to 12,000 square feet. Building one features 24' clear height, two 9'x10' dock doors, two 12'x14' drive-in doors, and office pods totaling 2,720 square feet. Building dimensions are 110' x 273', with 55' x 28' typical column spacing. Building two includes 24' clear height, two 9'x10' dock doors, two 12'x14' drive-in doors, and 470 square feet of office space. Building dimensions are 80' x 150', with 80' x 25' column spacing. Both buildings are slated for completion in Q4 2025 and sit on 2.48 and 1.64 acres respectively. Several additional land parcels are also available, ranging from 1.87 acres to a substantial 15.54 acres (potentially subdividable), with Parcel 7 offering potential Indiana Southern Railroad service. All properties are zoned PUD-I and located on PacMoore Pkwy, Mooresville, IN 46158. Specific parcel numbers are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Morgan
    State
    Indiana
    Longitude
    -86.3736
    Latitude
    39.58

    Comparable in this City

    • Value Estimation by Request
      8,500 SF

      Innovation Park 67

      Flex space
      0 Innovation Park 67, Mooresville, IN 46158
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    • Value Estimation by Request
      30,000 SF

      Pacmoore Pkwy

      Distribution properties
      0 Pacmoore Pkwy, Mooresville, IN 46158
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    • Value Estimation by Request
      12,000 SF

      Pacmoore Pkwy

      Distribution properties
      0 Pacmoore Pkwy, Mooresville, IN 46158
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    • Value Estimation by Request
      162.00 Acres

      540 267

      Land
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    • Value Estimation by Request
      23.20 Acres

      9377 In-39

      Land
      9377 In-39, Mooresville, IN 46158
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    • Value Estimation by Request
      54.22 Acres

      1357 Old State Road 67

      Land
      1357 Old State Road 67, Mooresville, IN 46158
      View Details

    Similar Nearby for Sale

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      8,500 SF

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      165 Acres with 50-Acre Lake

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      Land For Sale Mooresville

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      Land Available For Sale

      Land available for sale in Mooresville, Indiana.
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    • New
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      50.00 Acres

      Agricultural Hunting and Farm Land

      About 50 acres of agricultural-zoned land suited for farming or hunting uses near utilities.
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    • $584,080
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      Spacious Mooresville Land for Sale

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    Similar Nearby for Lease

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      1,043,000 SF

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      464,000 SF

      Class A Industrial Building

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      248,000 SF

      Industrial Park Distribution Warehouse Space

      248,000 SF warehouse space in Westpoint Business Park.
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      Commercial Land for Development

      6.7 acres available for commercial development in Mooresville, Indiana.
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      Mooresville Industrial Land Opportunities

      Industrial land available for lease, sale, or build-to-suit.
      Pacmoore Pkwy, Mooresville, IN 46158
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      Industrial Land Lease/Sale Opportunity

      Industrial land available for lease, sale, or build-to-suit.
      Pacmoore Pkwy, Mooresville, IN 46158
      View Details
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    Mooresville, IN 46158
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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.

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