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Property profile & analytics
OFF-MARKET Estimated value $755,000
Warehouses

275 Broad St Mooresville, NC 28115-3103

5,900 SF 0.43 ac lot Built 1986
Entity Owned 3-yr Hold Free & Clear
Property ID
US53-1168005
Property summary
AI-generated overview

This exceptional 5,900 square foot retail or restaurant space is located at 275 S. Broad Street in the heart of Downtown Mooresville, North Carolina. Built in 1986 and completely renovated in 2023, this single-tenant property sits on a 0.43-acre lot and is classified as a Class B building. The property features a single story and is zoned TD, offering flexibility for a variety of uses under the new Unified Development Ordinance (UDO). The building's existing infrastructure is well-suited for restaurant operations. The 5,900 square feet of vacant space presents a blank canvas for a creative entrepreneur to establish a thriving business in this rapidly growing downtown area. Its strategic location within the vibrant Downtown Mooresville submarket ensures high visibility and accessibility to a large customer base. The property's convenient location minimizes parking concerns, a significant advantage in a bustling downtown setting. The Iredell County location (APN 4657918017.00) offers a strong foundation for a successful venture, capitalizing on the energy and growth of Mooresville's downtown core. This is a unique chance to establish a prominent presence in a thriving community. The property's recent renovation ensures a move-in ready condition, allowing for immediate occupancy and business commencement. This presents a rare opportunity to establish a business in a prime location with minimal upfront investment in renovations.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1986
Construction STONE
Total area 5,900 SF
Lot 0.43 ac (18,600 SF)
Zoning code TD
APN 4657-91-8017.000
UPID US53-1168005
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
Current use
Occupant on record · Public records
  • FeedNC Charitable Organization Social Service Agency
  • Mooresville Soup Kitchen - Food Distribution Center Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$825k
CAP Approach CAP
$660k
Comparable Approach Comparable
$495k
Blend (final) Blend
$755k
Owner & transaction history
Geb Enterprises LLC · 3 yrs held
Geb Enterprises LLC
since 2023
Last sale
$735,000
2 recorded transactions
2023
$735,000
2007
$350,000
Zoning & alternative use
TD · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.2M +85.4%
Office building $1.1M +71.9%
Commercial (general) $1.0M +65.0%
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