Property profile

489 Riv Hwy Mooresville, NC 28117

OFF-MARKET
Strip malls
Property ID
US53-2319228
7,382 SF 1.98 ac lot Built 2014
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2014
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,382 SF
Lot 1.98 ac (86,292 SF)
Zoning code CC
APN 4647-56-6375.000
UPID US53-2319228

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering Catering Service
  • (Bike/Boat/Book/etc) Store Pharmacy
  • Cafe & Coffee Shop
  • Furniture & Home Goods

Location

489 Riv Hwy Mooresville, NC 28117-6999
Mooresville metro Census 61403 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.06M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.87M

Owner & transaction history

since 2021
Last sale
$5.7M
7 recorded transactions
2021
Price N/A
2021
$5.7M
2014
$1.6M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CC · Mooresville, NC
Zoning description

The CC (Community Commercial) zoning district accommodates business uses that provide goods and services to residents of the region and Town, including shopping centers and large retail establishments located along limit…

General category COMMERCIAL
Top alternative use upside
Apartment house (5+ units) $6.6M +2,920.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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