Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1033 Yadkinville Rd Mocksville, NC 27028
    Back to Search
    Property profile & analytics

    1033 Yadkinville Rd, Mocksville, NC 27028

    View on Map
    • Neighborhood centers
    • 109,118 SF
    • 16.88 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 1033 Yadkinville Rd

    Lot size
    16.88 lot acres
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Eastgate Shopping Center, a 109,118 square foot retail strip center in Mocksville, North Carolina, presents a compelling investment opportunity. This single-story building sits on a substantial 16.88-acre lot, offering ample space and visibility. The property boasts 15 total suites, with two currently vacant, totaling 7,584 square feet each. The minimum divisible space is 7,584 square feet, providing flexibility for various retail tenants. Strategically located on Yadkinville Road (1033 Yadkinville Rd, Mocksville, NC 27028), the center benefits from excellent exposure to Highway 601, a major thoroughfare with a daily traffic count of 16,000 vehicles. This high traffic volume ensures significant visibility and potential customer reach for businesses operating within the center. Its proximity to downtown Mocksville provides additional access to the local community. The property's size and location make it an ideal choice for retailers seeking a prominent presence in a thriving North Carolina market. The available space presents a unique chance to establish or expand a retail operation in a well-established shopping center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mocksville
    County
    Davie
    State
    North Carolina
    Longitude
    -80.5796
    Latitude
    35.9109

    Comparable in this City

    • Value Estimation by Request
      69,609 SF

      1105 Yadkinville Rd

      Neighborhood centers
      1105 Yadkinville Rd, Mocksville, NC 27028
      View Details
    • Value Estimation by Request
      1,632 SF

      Vly Rd

      SHOPPING CENTER, STRIP CENTER
      Vly Rd, Mocksville, NC 27028
      View Details
    • Value Estimation by Request
      2,009 SF

      562 Vly Rdh-j

      SHOPPING CENTER, STRIP CENTER
      562 Vly Rdh-j, Mocksville, NC 27028-2091
      View Details
    • Value Estimation by Request
      2,358 SF

      562 Vly Rd

      SHOPPING CENTER, STRIP CENTER
      562 Vly Rd, Mocksville, NC 27028-2091
      View Details
    • Value Estimation
      $1,240,000
      59,350 SF

      1061 Yadkinville Rd

      SHOPPING CENTER, STRIP CENTER
      1061 Yadkinville Rd, Mocksville, NC 27028-2077
      View Details
    • Value Estimation
      $2,195,000
      49,836 SF

      796 Vly Rd

      SHOPPING CENTER, STRIP CENTER
      796 Vly Rd, Mocksville, NC 27028-2938
      View Details

    Similar Nearby for Sale

    • $499,000
      1.71 Acres

      High-Visibility Mocksville Retail Tract

      1.7 Acres, Highway Frontage, High Traffic
      819 Us Highway 64, Mocksville, NC 27028
      View Details
    • Contact for pricing

      Highway Commercial Site in Mocksville

      Prime commercial land with highway frontage suitable for retail.
      1173 Yadkinville Rd, Mocksville, NC 27028
      View Details
    • Contact for pricing

      Mixed-Use Building in Downtown Mocksville

      Mixed-use building with retail space and five apartments in Mocksville.
      59 Court Sq, Mocksville, NC 27028
      View Details
    • Contact for pricing

      Highway Commercial Land For Sale

      1.35 acre commercial land parcel on Hwy 601.
      1675 U.S Us Highway 601 N, Mocksville, NC 27028
      View Details
    • Contact for pricing

      Retail Property on Valley Road

      Commercial retail property with open floor plan on Valley Road.
      562 Valley Rd, Mocksville, NC 27028
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Highway Commercial Site For Lease

      1.06 acre highway commercial site available for lease.
      1515 Yadkinville Rd, Mocksville, NC 27028
      View Details
    • Contact for pricing

      Mocksville Warehouse with Ample Parking

      151,756 SF warehouse for lease with convenient highway access.
      521 Milling Rd, Mocksville, NC 27028
      View Details
    • Contact for pricing
      208,000 SF

      Mocksville Warehouse Space Available

      208,000 sq ft warehouse space for lease.
      0000 Farmington Rd, Mocksville, NC 27028
      View Details
    • Contact for pricing
      26,136 SF

      Commercial Lot in Central Mocksville

      Commercial lot for lease in Mocksville, excellent accessibility and visibility.
      Depot St E, Mocksville, NC 27028
      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.
    1033 Yadkinville Rd
    Mocksville, NC 27028
    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
    1033 Yadkinville Rd, Mocksville, NC, 27028
    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!