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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    448 Main St Mooresville, NC 28115-2456

    • Flex space
    • 39,478 SF
    • 5.56 lot acres
    OFF-MARKET
    Value Estimations
    $2,265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1090694
    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

    • Bay State Milling Co / Grain Elevator

    Property Details for 448 Main St

    Year built
    1940
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.56 lot acres
    Property size
    39,478 SF
    Zone code
    TD
    Property type
    Flex space
    APN
    4667-23-7424.000
    APU
    4667237424000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,124,000
      Market price range: $565k - $2.12M

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

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8071
    Latitude
    35.5871
    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
    $57,462
    $733,920
    $3,760,250
    $4,494,170
    -
    $733,920
    $3,760,250
    $4,494,170

    Comparable in this City

    • Value Estimation
      $5,570,000
      106,452 SF

      227 Manufacturers Blvd

      LIGHT INDUSTRIAL • 106,452 SF
      227 Manufacturers Blvd, Mooresville, NC 28115-6001
      View Details
    • Value Estimation by Request

      603 Church St

      Flex space
      603 Church St, Mooresville, NC 28115
      View Details
    • Value Estimation by Request
      1,850 SF

      679 Oak Ridge Farm Hwy

      Flex space • 1,850 SF
      679 Oak Ridge Farm Hwy, Mooresville, NC 28115
      View Details
    • Value Estimation by Request
      10,000 SF

      168 Mckenzie Rd

      Flex space • 10,000 SF
      168 Mckenzie Rd, Mooresville, NC 28115
      View Details
    • Value Estimation
      $1,590,000
      30,625 SF

      1133 Main St

      LIGHT INDUSTRIAL • 30,625 SF
      1133 Main St, Mooresville, NC 28115-2359
      View Details
    • Value Estimation by Request
      6,000 SF

      174 Iredell Industrial Park Rd

      LIGHT INDUSTRIAL • 6,000 SF
      174 Iredell Industrial Park Rd, Mooresville, NC 28115-7128
      View Details

    Similar Nearby for Sale

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      7,300 SF

      Mooresville Flex Industrial Property

      7300 SF flex industrial space on 3.85 AC lot.
      108 Beam Dr, Mooresville, NC 28115
      View Details
    • Contact for pricing
      34,700 SF

      Mooresville Flex/Industrial Property For Sale

      Well-maintained flex/industrial property in Mooresville's Sierra Business Park.
      159 Barley Park Ln, Mooresville, NC 28115
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    • $2,300,000
      5.22 Acres

      Mooresville Commercial Land For Sale

      5+ acres of commercial land with GI zoning in Mooresville.
      715 Oak Ridge Farm Hwy, Mooresville, NC 28115
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    • $2,300,000
      4,739 SF

      Mooresville Industrial Property - 5 Acres

      Spacious industrial building, ample land, great location.
      715 Oak Ridge Farm Hwy, Mooresville, NC 28115
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    • $1,300,000
      1.38 Acres

      Mooresville Industrial Property - 1.38 Acres

      Prime Mooresville location, 11,000+ sq ft.
      115-123 Loc Doc Pl, Mooresville, NC 28115
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    • $3,400,000
      1.85 Acres

      Mooresville Industrial Building For Sale

      New Construction, 1.85 Acres, Prime Location
      199 Thunder Rd, Mooresville, NC 28115
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    Similar Nearby for Lease

    • $11 SF/Yr
      9,330 SF

      New Construction Flex Suites Available

      New flex suites for lease in Deerfield Business Park.
      110-112 Exmore Rd, Mooresville, NC 28115
      View Details
    • $19 SF/Yr
      4,445 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
    • $12 SF/Yr
      23,697 SF

      Mooresville Office/Flex Space For Lease

      23,697 SF office/flex space in Deerfield Business Park.
      116 Exmore Rd, Mooresville, NC 28115
      View Details
    • Contact for pricing
      113,000 SF

      Mooresville Industrial Property for Lease

      113,000 SF industrial property on 10+ acres available for lease.
      200 Mckenzie Rd, Mooresville, NC 28115
      View Details
    • $40 SF/Yr
      3,554 SF

      Prime Retail Space, Downtown

      Upscale storefront, Liberty Park views
      201 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.
      Mooresville, NC 28115
      View Details

    Property Visit Statistics

    • Visits by month
      425
    • Visitors by month
      155
    • Avg Time on site
      52 min
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    448 Main St
    Mooresville, NC 28115-2456
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    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
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