Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    679 Oak Ridge Farm Hwy Mooresville, NC 28115
    Property profile & analytics

    679 Oak Ridge Farm Hwy Mooresville, NC 28115

    View on Map
    • Flex space
    • 1,850 SF
    • 0.57 lot acres
    Off-Market
    Property ID
    US53-5020749
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Flex space

    Property Details for 679 Oak Ridge Farm Hwy

    Year built
    1965
    Lot size
    0.57 lot acres
    Property size
    1,850 SF
    Property type
    Flex space
    APN
    4668-20-8575.000

    Description

    This vacant, 1,850-square-foot flex space in Mooresville, NC, presents a compelling owner-user opportunity. Located at 679 Oakridge Farm Highway, this property boasts approximately 100 feet of road frontage on NC 150, offering excellent visibility and accessibility. The single-story, 1965-built brick structure sits on a 0.57-acre lot and is zoned HLI, allowing for flexible commercial use. The building features 1,850 square feet of net rentable space, one unit, and 1.5 bathrooms. A garage/basement adds additional storage or workspace. Conveniently located minutes from downtown Mooresville and Interstate 77, this property is well-suited for a variety of small businesses or industrial uses. The asking price is $279,000, translating to $150.81 per square foot. The property includes no loading docks or dock-high doors. The parcel number is 4668-20-8575.000. This is a rare opportunity to acquire a well-located commercial property with significant potential in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8071089
    Latitude
    35.6064385

    Comparable in this City

    • 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
      View Details
    • Contact for pricing
      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
    • $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
      View Details
    • $2,300,000
      4,739 SF

      Mooresville Industrial Land For Sale

      5+ acres of GI zoned land with outside storage.
      715 Oak Ridge Farm Hwy, Mooresville, NC 28115
      View Details
    • $2,800,000

      59 Acres Near Downtown

      59 acres of land suitable for development or personal use.
      280 Alexander Acres Rd, Mooresville, NC 28115
      View Details
    • $994,500

      Land Parcel For Sale

      Land for sale, being sold as a combined parcel.
      000 Young St, Mooresville, NC 28115
      View Details

    Similar Nearby for Sale

    • 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
      View Details
    • Contact for pricing
      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
    • $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
      View Details
    • $2,300,000
      4,739 SF

      Mooresville Industrial Land For Sale

      5+ acres of GI zoned land with outside storage.
      715 Oak Ridge Farm Hwy, Mooresville, NC 28115
      View Details
    • $2,800,000

      59 Acres Near Downtown

      59 acres of land suitable for development or personal use.
      280 Alexander Acres Rd, Mooresville, NC 28115
      View Details
    • $994,500

      Land Parcel For Sale

      Land for sale, being sold as a combined parcel.
      000 Young St, Mooresville, NC 28115
      View Details

    Similar Nearby for Lease

    • $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
    • 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
    • Contact for pricing

      136 Acre Multi-Use Development

      Integrated development with residential and retail components in Mooresville, NC.
      Coddle Creek Hwy, Mooresville, NC 28115
      View Details
    • $3,800 /Mo
      3,289 SF

      Renovated Office Space in Mooresville

      Historic downtown Mooresville office space for lease.
      106 W Moore Ave, Mooresville, NC 28115
      View Details
    • Contact for pricing

      Land Parcel Near Mooresville

      Land with development potential outside Mooresville city limits.
      1262 Oak Ridge Farm Hwy, Mooresville, NC 28115
      View Details

    Property Visit Statistics

    • Visits by month
      599
    • Visitors by month
      634
    • Avg Time on site
      28 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    679 Oak Ridge Farm Hwy
    Mooresville, NC 28115
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    679 Oak Ridge Farm Hwy, Mooresville, NC, 28115
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!