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    642 Carpenter Ave Mooresville, NC 28115-2538

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    642 Carpenter Ave Mooresville, NC 28115-2538


    • Medical Office Space
    • 3,636 SF
    • 0.69 lot acres
    Off-Market
    Last Sale Mar 25, 2025
    $775,000
    Property ID
    US53-5824342
    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.

    Value Estimations
    $800,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 642 Carpenter Ave

    Year built
    1989
    Construction
    WOOD
    Lot size
    0.69 lot acres
    Property size
    3,636 SF
    Zone code
    DE
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    4667-41-1369.000
    APU
    4667411369000

    Description

    This exceptional 3,669 square foot freestanding office building is ideally situated in the heart of Mooresville, North Carolina, at 642 Carpenter Avenue. Boasting a highly desirable location amongst government buildings and medical practices, this property presents a unique opportunity for businesses or medical professionals seeking a thriving environment. The building features a welcoming and spacious reception area, a dedicated conference room for meetings and presentations, and eight individual offices providing ample private workspaces. A sizable area is also available, perfect for use as a nurses' station or copy room, adding versatility to the layout. The property benefits from dual entry/exit points, ensuring convenient access and flow. Ample parking is provided for staff and clients, a significant advantage in this busy area. The property sits on a 0.69-acre lot and is zoned DE - Downtown Extension. Furthermore, a 100 KW Generac generator ensures uninterrupted power supply, providing peace of mind and business continuity. This turnkey office building offers a compelling combination of location, functionality, and modern amenities, making it an exceptional investment opportunity. The asking price is $850,000.


    Value Estimations

    based on Realmo’s proprietary methodology
    • CAP approach

      CAP Return
      Estimation
      6%
      $845,000
      6.5%
      $780,000
      7%
      $725,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $876,000
      Market price range: $425k - $890k
      AI Estimate
      $548,000
      Market price range: $235k - $597k
    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $710,000
      Current use
      OFFICE BUILDING
      $660,000
      Change: -7% Conversion: Easy
      COMMERCIAL (GENERAL)
      $630,000
      Change: -11% Conversion: Easy

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


    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8022
    Latitude
    35.5814
    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
    $6,791
    $82,800
    $513,670
    $596,470
    -
    $82,800
    $513,670
    $596,470
    More about this property
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