Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    146 Mclelland Ave Mooresville, NC 28115-2611
    Back to Search
    Property profile & analytics

    146 Mclelland Ave, Mooresville, NC 28115-2611

    View on Map
    • Medical Office Space
    • 1,794 SF
    • 0.12 lot acres
    Off-Market
    Property ID
    US53-0612739
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CareNet Counseling / Crisis Center / Medical Clinic
    • Atrium Health Wake Forest Baptist CareNet - Mooresville / Physician / Medical Clinic
    • William Steck / Marriage Or Relationship Counselor

    Property Details for 146 Mclelland Ave

    Year built
    1950
    Lot size
    0.12 lot acres
    Zone code
    TD
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    4667-01-9455.000
    APU
    4667019455000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 17, 2008 — First Baptist Ch Of Mooresville N First Baptist Ch Of Mooresville N Quit Claim Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.813
    Latitude
    35.5814
    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
    $1,706
    $48,000
    $85,390
    $133,390
    -
    $48,000
    $85,390
    $133,390

    Comparable in this City

    • Value Estimation
      $4,900,000
      24,215 SF

      1325 Mecklenburg Hwy

      MEDICAL BUILDING
      1325 Mecklenburg Hwy, Mooresville, NC 28115-7842
      View Details
    • Value Estimation by Request
      1,985 SF

      502 Ctr Ave

      MEDICAL BUILDING
      502 Ctr Ave, Mooresville, NC 28115-2546
      View Details
    • Value Estimation
      $800,000
      3,636 SF

      642 Carpenter Ave

      MEDICAL BUILDING
      642 Carpenter Ave, Mooresville, NC 28115-2538
      View Details
    • Value Estimation by Request
      4,075 SF

      672 Carpenter Ave

      MEDICAL BUILDING
      672 Carpenter Ave, Mooresville, NC 28115-2538
      View Details
    • Value Estimation by Request
      2,217 SF

      511 Carpenter Ave

      MEDICAL BUILDING
      511 Carpenter Ave, Mooresville, NC 28115-2511
      View Details
    • Value Estimation by Request
      2,058 SF

      403 Ctr Ave

      MEDICAL BUILDING
      403 Ctr Ave, Mooresville, NC 28115-2543
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,944 SF

      Commercial Building on 1.6 Acres

      13,944 SF commercial building with CC zoning on 1.6 acres.
      770 N Broad St, Mooresville, NC 28115
      View Details
    • Contact for pricing
      3,880 SF

      Mixed-Use Building with Established Tenant

      Mixed-use building featuring a long-term tenant and vacant office space.
      188 N Main St, Mooresville, NC 28115
      View Details
    • $1,350,000
      3,880 SF

      Mixed-Use Building in Mooresville, NC

      Mixed-use building with retail and office space for sale.
      188 N Main St, Mooresville, NC 28115
      View Details
    • Contact for pricing

      22-Acre Live/Work Compound

      22-acre live/work compound with residences, barns, event space, garages.
      1620 London Rd, Mooresville, NC 28115
      View Details
    • $550,000
      0.34 Acres

      New Townhouse Duplex, No HOA

      Newly constructed townhouse duplex with modern finishes and income potential.
      645 Brookwood St, Mooresville, NC 28115
      View Details

    Similar Nearby for Lease

    • $3,800 /Mo
      3,289 SF

      Renovated Office Space in Mooresville

      Historic downtown Mooresville office space for lease.
      106 W Moore Ave, Mooresville, NC 28115
      View Details
    • $2,517 /Mo
      29,621 SF

      Stand-Alone Office Building For Lease

      Office space for lease with excellent visibility in Mooresville.
      1965 Mecklenburg Hwy, Mooresville, NC 28115
      View Details
    • $250 SF/Yr

      Downtown Mooresville Office Space

      Second floor office space in downtown Mooresville.
      153 Main St, Mooresville, NC 28115
      View Details
    • $1,650 /Mo
      19,602 SF

      Mooresville Office Space Available

      Office space for rent with kitchen and storage.
      146 W Statesville Ave, Mooresville, NC 28115
      View Details
    • Contact for pricing

      Charming Stand-Alone Office Opportunity

      Professional office space with character, charm, and functionality.
      1965 Mecklenburg Hwy, Mooresville, NC 28115
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    146 Mclelland Ave
    Mooresville, NC 28115-2611
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    146 Mclelland Ave, Mooresville, NC, 28115
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!