Property profile

185 Mallard Way Mooresville, NC 28117

OFF-MARKET
Golf courses & driving ranges
Property ID
US53-2843495
6,122 SF 0.93 ac lot Built 1979
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 173.71-acre property in Mooresville, North Carolina, presents a unique investment opportunity. The centerpiece is an established 18-hole public golf course, built in 1979, complemented by a 3,700 square-foot clubhouse. The course boasts 75 golf carts and ample parking. Situated in the desirable Lake Norman region, near Charlotte, this location benefits from a growing population and robust economy. The property also includes significant residual land suitable for development of single-family residential lots, adding considerable future potential. The existing clubhouse provides immediate revenue streams through food and beverage sales and a golf shop. This offering combines established income generation with substantial land for future expansion, making it an attractive proposition for investors seeking a blend of immediate return and long-term growth in a high-demand area. The property is conveniently located at 185 Mallard Way, Mooresville, NC 28117, within Iredell County. Detailed financial information and further specifics are available upon request.

Property profile

Verified
Property type Golf courses & driving ranges
Use group COUNTRY CLUB
Year built 1979
Construction WOOD
Total area 6,122 SF
Lot 0.93 ac (40,511 SF)
Zoning code R20
APN 4636-67-6105.000
UPID US53-2843495

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Golf Course

Location

185 Mallard Way Mooresville, NC 28117-8116
Mooresville metro Census 61405 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2025
1 recorded transaction
2025
$450,000

Zoning & alternative use

R20 · Mooresville, NC

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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