Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    147 Cedar Pointe Dr Mooresville, NC 28117-6880

    • Warehouses
    • 8,649 SF
    • 1.44 lot acres
    OFF-MARKET
    Last Sale
    Jan 22, 2025
    $1,684,500
    Value Estimations
    $1,500,000
    Show details
    Cap Rate Potential
    4.2%
    Warehouses
    Location Intelligence
    Property ID
    US53-2050574
    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

    • Eastern Roof Technologies / Roofing Contractor / Gutter Service
    • Boat Buddies / Marine Supply Store

    Property Details for 147 Cedar Pointe Dr

    Year built
    2001
    Construction
    STONE
    Lot size
    1.44 lot acres
    Property size
    8,649 SF
    Zone code
    HLI
    Property type
    Warehouses
    APN
    4648-90-0886.000
    APU
    4648900886000

    Description

    This exceptional 8,185-square-foot flex/warehouse building, constructed in 2001, is situated on a 1.44-acre lot in Iredell County, North Carolina (APN: 4648-90-0886.000). Located at 147 Cedar Pointe Drive, Mooresville, NC 28117, this single-story property boasts a desirable location in Phase III of Talbert Pointe Business Park, offering excellent visibility with 201 feet of road frontage. The building features a blend of office and warehouse space, including 5,852 square feet of office space and 2,333 square feet of warehouse space. The office area is well-appointed with a professional reception/showroom area, twelve private offices (one with a private bath and shower, another used as a library/meeting room), two large conference rooms (one equipped with an overhead projector and screen), and a full kitchen with appliances. Three additional bathrooms are also included. Most office furniture is included (with some restrictions). Office flooring consists of tile and LVP. The warehouse area features epoxy floors, additional loft storage accessible by stairs, 200-amp power, cost-saving LED lighting, 16-foot ceilings, and two 12x12 garage doors. The property includes 25 parking spaces (one handicapped-accessible) with additional space for deliveries. The permitted zoning is HLI. The asking price is $1,840,000 ($224.80 per square foot). This property presents a unique opportunity for businesses seeking a well-equipped and conveniently located space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,505,000
      ML approach
      $1,535,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,050,000
      6.5%
      $965,000
      7%
      $900,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,007,000
      Market price range: $826k - $2.01M
      AI Estimate
      $982,000
      Market price range: $199k - $1.05M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,200,000
      Current use
      RESTAURANT
      $2,095,000
      Change: +75% Conversion: Difficult
      MEDICAL BUILDING
      $1,690,000
      Change: +41% Conversion: Difficult
      RETAIL STORES
      $1,305,000
      Change: +9% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8534
    Latitude
    35.6067
    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
    $14,937
    $306,000
    $1,212,600
    $1,518,600
    -
    $306,000
    $1,212,600
    $1,518,600

    Comparable in this City

    • Value Estimation
      $210,000
      1,800 SF

      132 Waterlynn Rd

      WAREHOUSE, STORAGE • 1,800 SF
      132 Waterlynn Rd, Mooresville, NC 28117
      View Details
    • Value Estimation
      $1,835,000
      114,650 SF

      141 Gallery Ctr Dr

      WAREHOUSE, STORAGE • 114,650 SF
      141 Gallery Ctr Dr, Mooresville, NC 28117-6307
      View Details
    • Value Estimation by Request
      1,800 SF

      119 Magnolia Park Drb-c-d

      WAREHOUSE, STORAGE • 1,800 SF
      119 Magnolia Park Drb-c-d, Mooresville, NC 28117-8928
      View Details
    • Value Estimation
      $970,000
      61,830 SF

      350 Plz Dr

      WAREHOUSE, STORAGE • 61,830 SF
      350 Plz Dr, Mooresville, NC 28117-6932
      View Details
    • Value Estimation
      $600,000
      24,001 SF

      177 Knob Hl Rd

      WAREHOUSE, STORAGE • 24,001 SF
      177 Knob Hl Rd, Mooresville, NC 28117-6847
      View Details
    • Value Estimation
      $445,000
      18,500 SF

      243 Overhill Dr

      WAREHOUSE, STORAGE • 18,500 SF
      243 Overhill Dr, Mooresville, NC 28117-7014
      View Details

    Similar Nearby for Sale

    • $365,000
      0.01 Acres

      Luxury Garage at Lake Norman

      New construction luxury garage complex for enthusiasts and professionals.
      144 Mccrary Rd, Mooresville, NC 28117
      View Details
    • $475,000
      0.17 Acres

      Versatile Office/Flex Space Available

      Well-maintained office/flex space with reception, offices, bathroom, and kitchenette.
      119 Magnolia Park Dr, Mooresville, NC 28117
      View Details
    • $449,000
      0.02 Acres

      Luxury Garage in Deerfield Business Park

      Climate-controlled luxury garage in Mooresville's business hub.
      291 Cayuga Dr, Mooresville, NC 28117
      View Details
    • $275,000
      2.63 Acres

      Mooresville Industrial Lot - Prime Location

      2.63-acre lot, I-77 access, ideal for business.
      Cayuga Dr Unit 7, Mooresville, NC 28117
      View Details
    • Contact for pricing
      15.98 Acres

      Mooresville Land: 15 Acres I-77

      Prime commercial land, I-77 visibility.
      170 Culbreth Ln, Mooresville, NC 28117
      View Details
    • $1,700,000
      4.53 Acres

      Mooresville Commercial Land Investment

      High-growth area, prime development site.
      0000 Charlotte Hwy, Mooresville, NC 28117
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      3,800 SF

      Mooresville Office and Warehouse Space

      Upscale office and warehouse space in Talbert Business Park.
      171 Byers Creek Rd, Mooresville, NC 28117
      View Details
    • $17 SF/Yr
      2,000 SF

      New Flex Suite For Lease

      New construction flex suite available for lease in Mooresville, NC.
      1147 Brawley School Rd, Mooresville, NC 28117
      View Details
    • $19 SF/Yr
      31,915 SF

      Park 35: Mooresville Flex Space

      New Class A Flex Space, Lake Norman
      137 Ebert Ln, Mooresville, NC 28117
      View Details
    • $25 SF/Yr
      1,950 SF

      Mooresville Office Space for Lease

      Turnkey Office Suite, Ideal Location
      107 Kilson Dr, Mooresville, NC 28117
      View Details
    • Contact for pricing
      6,581 SF

      Mooresville Medical Office Space

      High-traffic location, 1700 sq ft available
      637 Williamson Rd, Mooresville, NC 28117
      View Details
    • Contact for pricing

      Retail Space Near Costco

      1,500 SF retail space in Mooresville, NC. Delivery Summer 2025.
      I-77 & Brawley School Rd, Mooresville, NC 28117
      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.
    147 Cedar Pointe Dr
    Mooresville, NC 28117-6880
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.