Add Listing
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

    236 Raceway Dr Mooresville, NC 28117-6530

    • Industrial properties
    • 33,524 SF
    • 3.47 lot acres
    OFF-MARKET
    Value Estimations
    $3,380,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-5668596
    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

    • Creative Art Materials / (Bike/Boat/Book/etc) Store
    • Lake Norman Yoga Center / Gym & Fitness Center
    • Good Soul Hot Yoga / Gym & Fitness Center
    • Jolly Roger Brewery / Production Facility / Brewery & Distillery
    • Level two / Corporate Office

    Property Details for 236 Raceway Dr

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.47 lot acres
    Property size
    33,524 SF
    Zone code
    HLI
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    4647-53-2585.000
    APU
    4647532585000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,230,000
      Market price range: $1.58M - $11.6M

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

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8658
    Latitude
    35.5863
    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
    $24,641
    $666,240
    $1,497,950
    $2,164,190
    -
    $666,240
    $1,497,950
    $2,164,190

    Comparable in this City

    • Value Estimation
      $1,635,000
      12,128 SF

      307 Cayuga Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 12,128 SF
      307 Cayuga Dr, Mooresville, NC 28117-8257
      View Details
    • Value Estimation by Request
      2,100 SF

      197 Byers Crk Rd Ste I

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2,100 SF
      197 Byers Crk Rd Ste I, Mooresville, NC 28117-6990
      View Details
    • Value Estimation by Request
      2,100 SF

      197 Byers Crk Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2,100 SF
      197 Byers Crk Rd, Mooresville, NC 28117-6989
      View Details
    • Value Estimation by Request
      3,001 SF

      128 Cayuga Dr Ste D

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 3,001 SF
      128 Cayuga Dr Ste D, Mooresville, NC 28117-8256
      View Details
    • Value Estimation
      $2,600,000
      23,022 SF

      119 Eastbend Ct

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 23,022 SF
      119 Eastbend Ct, Mooresville, NC 28117-4302
      View Details
    • Value Estimation by Request
      2,500 SF

      114 Eastbend Ct Ste, Unit 1

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2,500 SF
      114 Eastbend Ct Ste, Mooresville, NC 28117-4310
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      53,616 SF

      Mooresville Mixed-Use Property For Sale

      53,616 SF mixed-use property available in Mooresville, North Carolina.
      182 Raceway Dr, Mooresville, NC 28117
      View Details
    • $1,150,000
      7.00 Acres

      Mooresville Commercial Land For Sale

      7-acre commercial land with high-density development potential in Mooresville, NC.
      2209 Charlotte Hwy, Mooresville, NC 28117
      View Details
    • Contact for pricing
      1,650 SF

      Luxury Flex Space in Mooresville

      Premier 1,650 SF flex space for storage or business.
      144 Mccrary Rd, Mooresville, NC 28117
      View Details
    • Contact for pricing
      51,000 SF

      Mooresville Industrial Facility For Sale

      51,000 SF industrial facility in the Mooresville submarket.
      289 Rolling Hill Rd, Mooresville, NC 28117
      View Details
    • $259,800
      0.65 Acres

      Residential Land in Bay Crossing

      Homesite near Stumpy Creek Boat Landing, Mooresville, NC.
      129 Sleepy Cove Trl, Mooresville, NC 28117
      View Details
    • $250,000
      0.75 Acres

      Residential Lot in Grand Bay

      Residential lot with lake access in desirable Grand Bay subdivision.
      128 Audrey Ln, Mooresville, NC 28117
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mooresville Mixed-Use Property For Rent

      Mixed-use property in Mooresville with high traffic and flexible zoning.
      637 Williamson Rd, Mooresville, NC 28117
      View Details
    • Contact for pricing

      Mixed-Use Tower with Retail Space

      Class A mixed-use tower in Midtown Charlotte with retail space.
      125 Baldwin Ave, Charlotte, NC 28117
      View Details
    • Sponsored
      Contact for pricing

      Langtree at the Lake

      Discover many ways to work your way in Langtree at the Lake
      106 Langtree Village Dr, Mooresville, NC 28117
      View Details
    • Contact for pricing

      Multi-Tenanted Business Park For Rent

      55,000 SF business park with diverse spaces and prime location.
      131 Crosslake Park Dr, Mooresville, NC 28117
      View Details
    • Contact for pricing

      Mooresville Flex Space For Rent

      Flex space with highway visibility and convenient access.
      137 Ebert Ln, Mooresville, NC 28117
      View Details
    • Contact for pricing

      Brawley Commerce Center Office Space

      Turnkey office space with private offices, conference room, kitchenette.
      107 Kilson Dr, 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.
    236 Raceway Dr
    Mooresville, NC 28117-6530
    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.
    Sign Up Successful!
    You now have access to more from Realmo!