275 Broad St Mooresville, NC 28115-3103
Property profile & analytics
275 Broad St Mooresville, NC 28115-3103
- Warehouses
- 5,900 SF
- 0.43 lot acres
Property ID
US53-1168005
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.
Location Intelligence
Current Use by Public Records
- FeedNC / Charitable Organization / Social Service Agency
- Mooresville Soup Kitchen - Food Distribution Center / Food Bank / Charitable Organization
Property Details for 275 Broad St
- Year built
- 1986
- Construction
- STONE
- Lot size
- 0.43 lot acres
- Property size
- 5,900 SF
- Zone code
- TD
- Property type
- Warehouses
- APN
- 4657-91-8017.000
- APU
- 4657918017000
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $825,000
- ML approach
- $825,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $715,000
- 6.5%
- $660,000
- 7%
- $615,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $495,000
Market price range: $88.2k - $878k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $620,000 Current use
- MEDICAL BUILDING
- $1,150,000 Change: +85% Conversion: Difficult
- OFFICE BUILDING
- $1,065,000 Change: +72% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,025,000 Change: +65% Conversion: Difficult
- RETAIL STORES
- $890,000 Change: +43% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mooresville
- County
- Iredell
- State
- North Carolina
- Longitude
- -80.8168
- Latitude
- 35.5803
- 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
$3,141
$128,100
$147,740
$275,840
-
$128,100
$147,740
$275,840
