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Property profile & analytics
OFF-MARKET
Land

170 Culbreth Ln Mooresville, NC 28117

15.98 ac lot
Property ID
US53-0872908
Property summary
AI-generated overview

This exceptional 15.982-acre parcel in Mooresville, NC (28117), offers unparalleled commercial development potential. Located on Culbreth Lane, just off Langtree Road and I-77 (Exit 31), this property boasts excellent visibility and accessibility. The existing RLS zoning allows for a variety of uses, and the seller is open to selling subject to rezoning. The Alcove Road Corridor Small Area Plan designates the area for "Employment Center" and "Village Center" uses, with approved uses including office, light production facilities, business incubators, warehousing, restaurants, retail, multi-family workforce housing (integrated with other development types), work/live spaces, and institutional uses. Water and sewer services are available. The property is situated adjacent to Lake Norman Waterfront, with a resort hotel and luxury condominiums planned for an adjacent 14.78-acre waterfront property (owned separately). A drone video showcasing aerial views is available. An additional 1.823 acres across Alcove Road are also available for purchase. Note that the Town of Mooresville is currently reviewing the "10% affordable option" requirement for development projects, which will be discussed at their September Board meeting. The property is located in the watershed and requires up to 50% pervious area. Detailed zoning information and site plans are available upon request.

Property profile
Verified
Property type Land
Lot 15.98 ac (696,176 SF)
UPID US53-0872908
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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