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

    268 Bullet Ln Mooresville, NC 28115

    • Specialty properties
    • 5,864 SF
    • 9.89 lot acres
    OFF-MARKET
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1987130
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 268 Bullet Ln

    Year built
    2006
    Construction
    WOOD
    Lot size
    9.89 lot acres
    Property size
    5,864 SF
    Zone code
    RA
    Property type
    Specialty properties
    APN
    4669-78-6328.000
    APU
    4669786328000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $570,000
      Current use
      COMMERCIAL (GENERAL)
      $775,000
      Change: +36% Conversion: Difficult
      MEDICAL BUILDING
      $715,000
      Change: +26% Conversion: Difficult
      OFFICE BUILDING
      $710,000
      Change: +25% Conversion: Difficult
      RESTAURANT
      $590,000
      Change: +3% Conversion: Difficult
      RETAIL STORES
      $540,000
      Change: -6% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $510,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.7942
    Latitude
    35.6576
    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
    $2,819
    $171,000
    $306,770
    $477,770
    -
    $171,000
    $306,770
    $477,770

    Comparable in this City

    • Value Estimation by Request
      2,548 SF

      125 Weeping Spg Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,548 SF
      125 Weeping Spg Dr, Mooresville, NC 28115
      View Details
    • Value Estimation
      $1,480,000
      11,514 SF

      1701 Coddle Crk Hwy

      PROFESSIONAL CLUBS/ASSOCIATIONS • 11,514 SF
      1701 Coddle Crk Hwy, Mooresville, NC 28115-8246
      View Details
    • Value Estimation by Request
      3,885 SF

      123 Northbridge Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,885 SF
      123 Northbridge Dr, Mooresville, NC 28115
      View Details
    • Value Estimation by Request
      2,753 SF

      154 Almora Loop

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,753 SF
      154 Almora Loop, Mooresville, NC 28115
      View Details
    • Value Estimation
      $610,000
      6,815 SF

      157 Faith Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 6,815 SF
      157 Faith Rd, Mooresville, NC 28115-8582
      View Details
    • Value Estimation by Request
      1,604 SF

      712 Linwood Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,604 SF
      712 Linwood Rd, Mooresville, NC 28115-8235
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,157 SF

      Mooresville Special-Use Property For Sale

      Special-use property in Mooresville, North Carolina, with ample parking.
      627 Gum St, Mooresville, NC 28115
      View Details
    • $6,950,000
      2,597 SF

      22-Acre Estate with Income Potential

      Estate with log home, event barn, and collision center.
      1620 London Rd, Mooresville, NC 28115
      View Details
    • $699,000
      12,079 SF

      Historic Downtown Mooresville Redevelopment Opportunity

      Investment property in historic downtown Mooresville with redevelopment potential.
      627 Gum St, Mooresville, NC 28115
      View Details
    • $974,900
      1,530 SF

      Mooresville Downtown Commercial Lot

      Prime Mooresville location, development opportunity.
      210 Broad St, Mooresville, NC 28115
      View Details
    • Contact for pricing

      Mooresville Land Near Downtown

      Land for sale in Mooresville, near downtown and Lake Norman.
      45 Cook St #46+, Mooresville, NC 28115
      View Details
    • $85,000
      1.10 Acres

      Land Near Downtown Mooresville

      1.1 acre lot near downtown, hospital, and I-77.
      Pine St, Mooresville, NC 28115
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Corner Parcel in High-Growth Area

      2.8-acre corner parcel in a high-growth residential market.
      111 Rocky River Rd, Mooresville, NC 28115
      View Details
    • $19 SF/Yr
      4,485 SF

      Mooresville Flex/Retail Space Available

      Flex/retail space with ample parking and frontage on N. Main.
      1113-1131 N Main St, Mooresville, NC 28115
      View Details
    • $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
    • $700 /Mo

      Office Space in Mooresville, NC

      Office space with open area, storage, and small office.
      153 Main St N, Mooresville, NC 28115
      View Details
    • Contact for pricing

      Downtown Mooresville Retail Space

      Customizable retail space in downtown Mooresville, perfect for restaurants.
      201 N Church St, Mooresville, NC 28115
      View Details
    • Contact for pricing

      Corner Parcel in Mooresville, NC

      2.8 acre corner parcel with excellent visibility and access.
      111 Rocky River Rd, 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.
    268 Bullet Ln
    Mooresville, NC 28115
    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!