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Property profile & analytics
OFF-MARKET Estimated value $1,380,000
Industrial properties

120 Southpark Dr Mooresville, NC 28117-8957

12,902 SF 0.98 ac lot Built 1998
Entity Owned Free & Clear
Property ID
US53-1157650
Property summary
AI-generated overview

This single-story, 14,005 square foot office building presents a compelling investment opportunity in Mooresville, North Carolina. Constructed of steel and masonry, the property boasts 12 individual suites, offering flexibility for various business needs. A minimum of 850 square feet is divisible, making it suitable for a range of tenants. Currently, 2,217 square feet are vacant, providing immediate income potential or expansion space for an existing business. The building is conveniently located on a heavily traveled road in Iredell County, ensuring high visibility and accessibility. Handicap accessibility is a key feature, enhancing the property's appeal to a broader tenant base. The building's single-story design offers ease of navigation and efficient use of space. The address is 120 SouthPark Dr, Mooresville, NC 28117. This property is ideal for investors seeking a well-maintained, strategically located office building with potential for immediate return and future growth. The building's solid construction and desirable location make it a strong contender in the Mooresville commercial real estate market. With its multiple suites and ample vacant space, this property offers a unique opportunity to acquire a versatile and profitable asset.

Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1998
Construction STONE
Total area 12,902 SF
Lot 0.98 ac (42,689 SF)
Zoning code HB
APN 4647-21-7665.000
UPID US53-1157650
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$1.38M
Owner & transaction history
SOUTHERN SUPPLY INC
SOUTHERN SUPPLY INC
Zoning & alternative use
HB · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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