Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    100 Town Ctr S Dr Mooresville, IN 46158-2321

    • Medical Office Space
    • 11,933 SF
    • 1.57 lot acres
    OFF-MARKET
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1309201
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical Office Space

    Property Details for 100 Town Ctr S Dr

    Year built
    1995
    Construction
    WOOD
    Lot size
    1.57 lot acres
    Property size
    11,933 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    55-02-31-200-001.009-005
    APU
    550231200001009005

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $760,000
      Current use
      RETAIL STORES
      $945,000
      Change: +24% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $830,000
      Change: +10% Conversion: Difficult
      RESTAURANT
      $800,000
      Change: +6% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Morgan
    State
    Indiana
    Longitude
    -86.3524
    Latitude
    39.6166
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $24,664
    $642,900
    $1,172,000
    $1,814,900
    -
    $642,900
    $1,172,000
    $1,814,900

    Comparable in this City

    • Value Estimation
      $570,000
      8,742 SF

      425 Town Ctr Rd

      MEDICAL BUILDING • 8,742 SF
      425 Town Ctr Rd, Mooresville, IN 46158-2316
      View Details
    • Value Estimation by Request
      1,824 SF

      258 High St

      MEDICAL BUILDING • 1,824 SF
      258 High St, Mooresville, IN 46158-1638
      View Details
    • Value Estimation
      $1,110,000
      30,500 SF

      1001 Hadley Rd

      MEDICAL BUILDING • 30,500 SF
      1001 Hadley Rd, Mooresville, IN 46158-1883
      View Details
    • Value Estimation by Request
      5,334 SF

      150 Indiana St

      MEDICAL BUILDING • 5,334 SF
      150 Indiana St, Mooresville, IN 46158-1506
      View Details
    • Value Estimation by Request
      300 SF

      8906 State Rd 39

      MEDICAL BUILDING • 300 SF
      8906 State Rd 39, Mooresville, IN 46158-6004
      View Details
    • Value Estimation by Request
      4,200 SF

      401 Indiana St Ste A

      MEDICAL BUILDING • 4,200 SF
      401 Indiana St Ste A, Mooresville, IN 46158-2799
      View Details

    Similar Nearby for Sale

    • $599,000

      Updated Salon and Spa Building

      Fully operational salon and spa with modern updates and amenities.
      241 E High St, Mooresville, IN 46158
      View Details
    • $750,000
      3,520 SF

      Versatile Commercial Property on SR 144

      Well-maintained commercial property with flexible spaces and high visibility.
      5229-5239 E S R 144, Mooresville, IN 46158
      View Details
    • $750,000
      0.33 Acres

      Versatile Commercial Property in Mooresville

      Well-maintained commercial property with flexible spaces and high visibility.
      5229-5239 E S R 144, Mooresville, IN 46158
      View Details
    • $299,000
      2,480 SF

      Downtown Mooresville Office with Visibility

      2480 SF office in downtown Mooresville with living area.
      124 S Indiana St, Mooresville, IN 46158
      View Details
    • $299,900
      2,394 SF

      Mooresville Office Building - High Visibility

      Downtown Mooresville office, high traffic, versatile.
      5 High St, Mooresville, IN 46158
      View Details
    • $299,900
      29.05 Acres

      Wooded Acres in Mooresville, Indiana

      29 wooded acres with trails and wildlife near Mooresville.
      489 Jada Ln, Mooresville, IN 46158
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,655 SF

      Retail/Office Space in Mooresville

      Retail or office space with high visibility and ample parking.
      109-111 S Indiana St, Mooresville, IN 46158
      View Details
    • $350 /Mo
      576 SF

      Mooresville Mixed-Use Storage Space

      576 sqft garage space for rent in Mooresville, IN.
      148 W Washington St, Mooresville, IN 46158
      View Details
    • Contact for pricing
      12,000 SF

      Mooresville Industrial Flex Space

      Modern 12,000 sq ft flex space in Indiana.
      0 Pacmoore Pkwy, Mooresville, IN 46158
      View Details
    • Contact for pricing
      8,500 SF

      Mooresville Industrial Flex Space

      8,500 SF Flex Warehouse, Prime Location
      0 Innovation Park 67, Mooresville, IN 46158
      View Details
    • Contact for pricing
      6,147 SF

      Mooresville Retail Space Available

      Prime Mooresville storefront, ample parking.
      111 Indiana St, Mooresville, IN 46158
      View Details
    • Contact for pricing
      155,502 SF

      Mooresville Retail Center Investment

      Prime Mooresville Shopping Center Space Available
      370-530 Indiana St, Mooresville, IN 46158
      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.
    100 Town Ctr S Dr
    Mooresville, IN 46158-2321
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!