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

    594 Riv Hwy Mooresville, NC 28117-6829

    • Warehouses
    • 176,924 SF
    • 13.94 lot acres
    OFF-MARKET
    Value Estimations
    $13,175,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1258732
    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

    • Starbucks / Cafe & Coffee Shop
    • CVS Pharmacy / Pharmacy
    • AT&T Kiosk / Telecommunications Service
    • Peter Van Pham / Physician
    • Kendra Jo Hatifield / Physician

    Property Details for 594 Riv Hwy

    Year built
    2002
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    13.94 lot acres
    Property size
    176,924 SF
    Zone code
    CC
    Property type
    Warehouses
    APN
    4647-37-6640.000
    APU
    4647376640000

    Description

    This exceptional retail opportunity is located at 594 River Hwy in Mooresville, North Carolina, within the Winslow Bay Commons complex. The property offers a total of 441,773 square feet of commercial space, currently featuring two suites. There is 7,999 square feet of vacant space immediately available, divisible into units ranging from a minimum of 1,000 square feet to a maximum contiguous space of 6,999 square feet. This presents a unique chance for businesses seeking flexible and adaptable retail space in a prime location within Iredell County. The property's address is easily accessible, situated at 594 River Hwy, Mooresville, NC 28117. The property is categorized as multi-tenant retail, offering a vibrant and potentially synergistic environment for various businesses. The available space is ideal for a range of retail concepts, providing ample room for growth and expansion. Interested parties are encouraged to inquire about lease terms and availability. This is a rare opportunity to secure high-quality retail space in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $9,889,000
      Market price range: $4.08M - $21.5M

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

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8716
    Latitude
    35.5978
    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
    $150,407
    $4,572,980
    $10,718,550
    $15,291,530
    -
    $4,572,980
    $10,718,550
    $15,291,530

    Comparable in this City

    • Value Estimation by Request
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      132 Waterlynn Rd

      WAREHOUSE, STORAGE • 1,800 SF
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    • Value Estimation by Request
      1,800 SF

      119 Magnolia Park Drb-c-d

      WAREHOUSE, STORAGE • 1,800 SF
      119 Magnolia Park Drb-c-d, Mooresville, NC 28117-8928
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    • Value Estimation
      $3,995,000
      61,830 SF

      350 Plz Dr

      WAREHOUSE, STORAGE • 61,830 SF
      350 Plz Dr, Mooresville, NC 28117-6932
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    • Value Estimation
      $10,620,000
      114,650 SF

      141 Gallery Ctr Dr

      WAREHOUSE, STORAGE • 114,650 SF
      141 Gallery Ctr Dr, Mooresville, NC 28117-6307
      View Details
    • Value Estimation
      $1,510,000
      19,278 SF

      792 Brawley School Rd

      WAREHOUSE, STORAGE • 19,278 SF
      792 Brawley School Rd, Mooresville, NC 28117-9122
      View Details
    • Value Estimation
      $1,820,000
      24,001 SF

      177 Knob Hl Rd

      WAREHOUSE, STORAGE • 24,001 SF
      177 Knob Hl Rd, Mooresville, NC 28117-6847
      View Details

    Similar Nearby for Sale

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    • $275,000
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      Mooresville Industrial Lot - Prime Location

      2.63-acre lot, I-77 access, ideal for business.
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      15.98 Acres

      Mooresville Land: 15 Acres I-77

      Prime commercial land, I-77 visibility.
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      1,700 SF

      Prime Greenwood Road Office Suites

      Modern office space, flexible layouts, all utilities included.
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    Similar Nearby for Lease

    • $17 SF/Yr

      New Construction Flex Suite Available

      New construction flex suite for lease in Mooresville, NC
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    • $17 SF/Yr

      New Construction Flex Suites Available

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    • $19 SF/Yr
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    • $17 SF/Yr

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      New flex suites for lease in Deerfield Business Park.
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    • $17 SF/Yr
      2,000 SF

      New Flex Suite For Lease

      New construction flex suite available for lease in Mooresville, NC.
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      View Details
    • Contact for pricing
      8,777 SF

      Mooresville Retail Center Opportunity

      High-traffic location, multiple suites available
      129 Williamson Rd, Mooresville, NC 28117
      View Details
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    Mooresville, NC 28117-6829
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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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