Technical
Financial
Distress signals
Property profile

1041 Main St Mooresville, NC 28115

OFF-MARKET
Auto shops
Property ID
US53-1494276
6,031 SF 0.49 ac lot Built 1962
Entity Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a service station and auto repair facility located in downtown Mooresville near the intersection of Linwood and North Main Street, close to the Food Lion shopping center, and it has 108 feet of road frontage. The site includes 5,067 square feet of building area and a fenced rear yard. The building configuration includes three front bays, a front office, and a rear work area/office that contains a paint booth; it also has two exterior-accessible bathrooms. A 37.5-by-38.5-foot garage addition was installed approximately 2.5 years ago and features three 12-foot-high exterior garage doors and a natural gas metal roof covering both the original and added sections. HVAC is present in the office and work areas, and the office is air-conditioned. A sprinkler system serves the mix room and paint booth, and the property is situated in an area experiencing ongoing development.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1962
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,031 SF
Lot 0.49 ac (21,344 SF)
Zoning code CC
APN 4667-64-9421.000
UPID US53-1494276

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Parts Store Discount Store
  • Auto Repair Shop

Location

1041 Main St Mooresville, NC 28115-2357
Mooresville metro Census 61502 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2013
2 recorded transactions
2013
$112,000
1969
Price N/A

Zoning & alternative use

CC · Mooresville, NC
Zoning description

The CC (Community Commercial) zoning district accommodates business uses that provide goods and services to residents of the region and Town, including shopping centers and large retail establishments located along limit…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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