Property profile

123 Trade Ct Ste A Mooresville, NC 28117

OFF-MARKET
Strip malls
Property ID
US53-1773639
7,528 SF 1.77 ac lot Built 2002
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 15,000 square foot retail and restaurant property, located at 123 Trade Ct in Mooresville, North Carolina, presents a fantastic opportunity. Currently operating as a multi-tenant strip center in Iredell County, this property offers 1,500 square feet of immediately available space. Ideal for a restaurant or other retail business, this second-generation space is ready for immediate occupancy. The property's convenient location in the vibrant Mooresville market ensures high visibility and accessibility for customers. The existing infrastructure provides a solid foundation for a new tenant, minimizing initial setup costs. With a total building size of 15,000 square feet, this property offers ample space for expansion or potential future development. The zip code is 28117. This is a prime opportunity to establish or expand your business in a thriving community. The property is situated at latitude 35.5537955 and longitude -80.8553793. The property is under new ownership. Don't miss this chance to secure a prominent location in a rapidly growing area. Contact us today to schedule a viewing.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2002
Construction STEEL FRAME
Total area 7,528 SF
Lot 1.77 ac (77,188 SF)
Zoning code CM
APN 4646-81-0635.000
UPID US53-1773639

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
  • Restaurant
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store
  • Nail Salon

Location

123 Trade Ct Ste A Mooresville, NC 28117-5542
Mooresville metro Census 61404 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.65M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.50M

Owner & transaction history

since 2023
Last sale
$4.0M
5 recorded transactions
2023
$400,000
2007
$4.0M
2004
$3.2M
1969
Price N/A
1969
Price N/A

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
Top alternative use upside
Apartment house (5+ units) $6.8M +2,920.6%

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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