Property profile

123 Ervin Rd Mooresville, NC 28117

OFF-MARKET
Turn key restaurants
Property ID
US53-2538795
10,379 SF 1.86 ac lot Built 2016
Entity Owned 10-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2016
Construction WOOD
Total area 10,379 SF
Lot 1.86 ac (81,022 SF)
Zoning code CM
APN 4647-17-6781.000
UPID US53-2538795

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
  • Restaurant

Location

123 Ervin Rd Mooresville, NC 28117-9089
Mooresville metro Census 61203 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$475k
CAP Approach CAP
by Request
Comparable Approach Comparable
$850k
Blend (final) Blend
$665k

Owner & transaction history

since 2016
1 recorded transaction
2016
$850,000

Zoning & alternative use

CM · Mooresville, NC
Zoning description

The CM (Corridor Mixed Use) zoning district is intended to accommodate a mix of retail, office, hotel, and institutional development, as well as multifamily and townhouse dwellings at medium densities. It serves as a gen…

General category MIXED_USE

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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