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

    355 W Plaza Dr Mooresville, NC 28117

    • Drive through restaurants
    • 2,956 SF
    • 0.71 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2447323
    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

    • Cook Out / Restaurant
    • Carolina Doors Systems / Building Supply / General Contractor

    Property Details for 355 W Plaza Dr

    Year built
    2006
    Construction
    WOOD
    Lot size
    0.71 lot acres
    Property size
    2,956 SF
    Zone code
    CC
    Property type
    Drive through restaurants
    APN
    4647-85-5805.000
    APU
    4647855805000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8551
    Latitude
    35.5929
    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
    $11,575
    $707,000
    $309,560
    $1,016,560
    -
    $707,000
    $309,560
    $1,016,560

    Comparable in this City

    • Value Estimation by Request
      6,150 SF

      497 Riv Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 6,150 SF
      497 Riv Hwy, Mooresville, NC 28117-6828
      View Details
    • Value Estimation by Request
      3,171 SF

      570 Brawley School Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,171 SF
      570 Brawley School Rd, Mooresville, NC 28117-9120
      View Details
    • Value Estimation
      $5,605,000
      5,805 SF

      398 Talbert Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,805 SF
      398 Talbert Rd, Mooresville, NC 28117-8084
      View Details
    • Value Estimation
      $2,000,000
      5,268 SF

      378 Plz Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,268 SF
      378 Plz Dr, Mooresville, NC 28117-6954
      View Details
    • Value Estimation by Request
      2,717 SF

      267 Williamson Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,717 SF
      267 Williamson Rd, Mooresville, NC 28117-6832
      View Details
    • Value Estimation
      $5,660,000
      4,729 SF

      388 Talbert Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,729 SF
      388 Talbert Rd, Mooresville, NC 28117-8034
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,460 SF

      Retail/Office Space on Charlotte Hwy

      Former dry-cleaning space ideal for retail or office use.
      235 Medical Park Rd, Mooresville, NC 28117
      View Details
    • $925,000
      1,669 SF

      Retail Space Available For Sale

      Retail property with 1,669 SF of space for sale.
      872 River Hwy, Mooresville, NC 28117
      View Details
    • Contact for pricing
      1,700 SF

      Prime Greenwood Road Office Suites

      Modern office space, flexible layouts, all utilities included.
      637 Williamson Rd, Mooresville, NC 28117
      View Details
    • Contact for pricing

      Land in Mooresville, NC

      Land available for sale in Mooresville, North Carolina.
      211 Williamson Rd, Mooresville, NC 28117
      View Details
    • Contact for pricing
      12,460 SF

      Retail and Medical Building Investment

      Fully leased retail and medical building near commercial district.
      235 Medical Park 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

    Similar Nearby for Lease

    • Contact for pricing
      4,116 SF

      Restaurant/Retail Space Available

      Restaurant/Retail space available for lease in Mooresville, NC.
      134 Town Center 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 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

      Retail Space in Growing Area

      Retail space in a high-growth Mooresville retail corridor.
      369 West Plaza Dr, Mooresville, NC 28117
      View Details
    • Contact for pricing

      Retail Space Near Costco

      1,500 SF retail space in Mooresville, NC. Delivery Summer 2025.
      I-77 & Brawley School Rd, Mooresville, NC 28117
      View Details
    • Contact for pricing

      Retail Space in Mooresville Shoppes

      Former Field of Greens space in a master-planned Mooresville development.
      111 Market Place Ave, Mooresville, NC 28117
      View Details

    Property Visit Statistics

    • Visits by month
      39.8k
    • Visitors by month
      25.4k
    • Avg Time on site
      14 min
    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.
    355 W Plaza Dr
    Mooresville, NC 28117
    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!