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Property profile & analytics
OFF-MARKET Estimated value $800,000
Medical Office Space

642 Carpenter Ave Mooresville, NC 28115-2538

3,636 SF 0.69 ac lot Built 1989
Entity Owned 1-yr Hold Free & Clear
Property ID
US53-5824342
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1989
Construction WOOD
Total area 3,636 SF
Lot 0.69 ac (30,056 SF)
Zoning code DE
APN 4667-41-1369.000
UPID US53-5824342
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$780k
Comparable Approach Comparable
$876k
Blend (final) Blend
$800k
Owner & transaction history
Lamond Properties LLC · 1 yrs held
Lamond Properties LLC
since 2025
Last sale
$775,000
4 recorded transactions
2025
$775,000
2003
$400,000
1988
$50,000
1969
Price N/A
Zoning & alternative use
DE · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The Town Board of Commissioners i s authorized to review and deci de applications for Conditional Use Permits in accordance with this section. Only those uses identified as Conditional Uses in the Table of Allowed Uses, are authorized to be considered as Conditional Uses under this

Zone name Downtown Extension
General category COMMERCIAL
Zone area 213.83 ac
Source Layer: Town Zoning (ID: 3)
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