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    Property profile & analytics

    125 Raceway Dr Mooresville, NC 28117-6509

    • Auto shops
    • 10,200 SF
    • 2.73 lot acres
    OFF-MARKET
    Value Estimation
    $3,045,000
    Last Sale
    May 07, 2021
    $3,000,000
    Location Intelligence
    Property ID
    US53-0258513
    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.

    Current Use by Public Records

    • Sunbelt Rentals / Equipment Rental Agency

    Property Details for 125 Raceway Dr

    Year built
    2000
    Construction
    STONE
    Lot size
    2.73 lot acres
    Property size
    10,200 SF
    Zone code
    HLI
    Property type
    Auto shops
    APN
    4647-34-4508.000
    APU
    4647344508000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,110,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,120,000
      6.5%
      $2,655,000
      7%
      $2,795,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,010,000
      Geo Method
      $3,110,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,015,000
      Retail
      $3,130,000
      Mixed-Use
      $3,090,000
      Hospitality
      $3,215,000
      Educational
      $2,870,000
      Residential Income
      $2,610,000
      Energy
      $2,965,000
      Income-Based Land
      $2,885,000
      Food Service
      $2,935,000

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8723
    Latitude
    35.5891
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,084
    $556,920
    $976,610
    $1,533,530
    -
    $556,920
    $976,610
    $1,533,530

    Comparable in this City

    • Value Estimation by Request
      12,704 SF

      156 Cayuga Dr

      AUTO REPAIR, GARAGE • 12,704 SF
      156 Cayuga Dr, Mooresville, NC 28117-8239
      View Details
    • Value Estimation by Request
      28,016 SF

      110 Knob Hl Rd

      AUTO REPAIR, GARAGE • 28,016 SF
      110 Knob Hl Rd, Mooresville, NC 28117-6847
      View Details
    • Value Estimation
      $285,000
      2,446 SF

      691 Bluefield Rd

      AUTO REPAIR, GARAGE • 2,446 SF
      691 Bluefield Rd, Mooresville, NC 28117-9039
      View Details
    • Value Estimation by Request
      12,732 SF

      137 Cedar Pointe Dr

      AUTO REPAIR, GARAGE • 12,732 SF
      137 Cedar Pointe Dr, Mooresville, NC 28117-6880
      View Details
    • Value Estimation by Request
      9,197 SF

      215 Williamson Rd

      AUTO REPAIR, GARAGE • 9,197 SF
      215 Williamson Rd, Mooresville, NC 28117-6832
      View Details
    • Value Estimation by Request
      11,875 SF

      117 Talbert Pointe Dr

      AUTO REPAIR, GARAGE • 11,875 SF
      117 Talbert Pointe Dr, Mooresville, NC 28117-4377
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Retail Space Near Costco

      1,500 SF retail space in Mooresville, NC. Delivery Summer 2025.
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      View Details
    • Contact for pricing

      Retail Space in Growing Area

      Retail space in a high-growth Mooresville retail corridor.
      369 West Plaza Dr, Mooresville, NC 28117
      View Details
    • $34 SF/Yr
      1,542 SF

      Retail Space in Mooresville Shoppes

      Former Field of Greens space in a master-planned Mooresville development.
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      View Details
    • Contact for pricing
      963 SF

      Retail Space in Mooresville Commons

      Retail space with high visibility and easy access to I-77.
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      View Details
    • $28 SF/Yr
      4,116 SF

      Restaurant/Retail Space Available

      Restaurant/Retail space available for lease in Mooresville, NC.
      134 Town Center Dr, Mooresville, NC 28117
      View Details

    Property Visit Statistics

    • Visits by month
      713
    • Visitors by month
      638
    • Avg Time on site
      48 min
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    Mooresville, NC 28117-6509
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    Realmo Value Estimation

    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.

    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.

    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
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