Property profile

1278 Mecklenburg Hwy Mooresville, NC 28115

FOR SALE
Residential land & home lots
Property ID
US53-1919728
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Property summary

AI-generated overview

Exceptionally rare opportunity in the fastest growing city in North Carolina- ±3.48 acres of zoned and entitled multifamily land-annexed into Mooresville with an in-place, already approved site plan for 51 units. Ready for construction drawings and building permits, this is a rare opportunity to hit the ground running on an approved project and skip the delays involved with rezoning and site plan approvals. Mooresville apartment rent and demand continues to be incredibly robust. Property has two rental homes onsite that can be leased for cashflow prior to building.

Property profile

Verified
Property type Residential land & home lots
UPID US53-1919728

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1278 Mecklenburg Hwy Mooresville, NC 28115
Mooresville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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