Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    111 S Indiana St Mooresville, IN 46158
    Property profile & analytics

    111 S Indiana St Mooresville, IN 46158

    View on Map
    • Strip malls
    For Lease
    View Listing →
    Retail Space in Mooresville, IN For Lease
    Contact for pricing

    Retail Space in Mooresville, IN

    Retail space in a high-traffic Mooresville location.

    111 S Indiana St, Mooresville, IN 46158
    View Listing
    Property ID
    US31-1688822
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 111 S Indiana St

    Property type
    Strip malls
    Property subtype
    Commercial real estate

    Description

    Situated in the heart of Mooresville, IN, 111 S. Indiana St. offers an inviting location for Retail / Strip Center tenants. This bustling area is home to a thriving community and provides a steady flow of potential customers. Nearby points of interest include the shopping and dining options of Mooresville Town Center, as well as the diverse retail offerings at Market Square. The location's easy access to major roadways and its visibility from the street ensure prime exposure for retail businesses. With a strong local consumer base and a variety of attractions, this area presents an exceptional opportunity for retail success and community engagement.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Morgan
    State
    Indiana
    Longitude
    -86.3746792
    Latitude
    39.6113778

    Comparable in this City

    • Contact for pricing

      Retail Space in Village Center

      Retail space for lease in Mooresville, anchored by Kroger.
      370-530 Indiana St, Mooresville, IN 46158
      View Details
    • 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
    • Contact for pricing

      Industrial Land Lease/Sale Opportunity

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

      Commercial Land for Development

      6.7 acres available for commercial development in Mooresville, Indiana.
      Nec Sr 67 & Brg St, Mooresville, IN 46158
      View Details
    • Contact for pricing

      Industrial Building with Outdoor Storage

      8,500 SF industrial facility with secured outdoor storage in Mooresville.
      Innovation Park 67, Mooresville, IN 46158
      View Details
    • Contact for pricing
      248,000 SF

      Industrial Park Distribution Warehouse Space

      248,000 SF warehouse space in Westpoint Business Park.
      N Ormandy Rd, Mooresville, IN 46158
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,000 SF

      Retail Property Near Shopping Center

      Retail property with excellent visibility near a shopping center.
      437 S Indiana St, Mooresville, IN 46158
      View Details
    • $450,000
      4,288 SF

      Mooresville Mixed-Use Corner Lot

      Commercial property with house and two buildings in Mooresville.
      560 Bridge St, Mooresville, IN 46158
      View Details
    • $2,300,000

      Mooresville, Indiana NNN Investment

      2,555 SF NNN sale-leaseback property in Mooresville, Indiana.
      366 S Indiana St, Mooresville, IN 46158
      View Details
    • Contact for pricing
      2,430 SF

      Salon and Spa Commercial Building

      Fully operational salon and spa commercial building for sale.
      241 E High St, Mooresville, IN 46158
      View Details
    • $2,300,000
      2,555 SF

      Freestanding Commercial Building Sale-Leaseback

      2,555 SF Mooresville building with NNN lease.
      366 S Indiana St, Mooresville, IN 46158
      View Details
    • $3,400,000
      Pending

      9.34 Acres Commercial Development Site

      9.34 acres zoned Highway Business in a growing industrial hub.
      9377 SOUTH State Road 39, Mooresville, IN 46158
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Village Center

      Retail space for lease in Mooresville, anchored by Kroger.
      370-530 Indiana St, Mooresville, IN 46158
      View Details
    • 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
    • Contact for pricing
      248,000 SF

      Industrial Park Distribution Warehouse Space

      248,000 SF warehouse space in Westpoint Business Park.
      N Ormandy Rd, Mooresville, IN 46158
      View Details
    • Contact for pricing
      464,000 SF

      Class A Industrial Building

      464,000 SF industrial building in Westpoint Business Park.
      13810 N Ormandy Rd, Mooresville, IN 46158
      View Details
    • Contact for pricing

      Industrial Building with Outdoor Storage

      8,500 SF industrial facility with secured outdoor storage in Mooresville.
      Innovation Park 67, 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
    View Listing
    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.
    111 S Indiana St
    Mooresville, IN 46158
    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
    111 S Indiana St, Mooresville, IN, 46158
    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!