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

    Statesville Hwy Mooresville, NC 28115

    • Manufacturing properties
    • 55,864 SF
    • 11.47 lot acres
    OFF-MARKET
    Value Estimations
    $3,285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-3433922
    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

    • Manufacturing properties

    Property Details for Statesville Hwy

    Year built
    2011
    Construction
    STEEL FRAME
    Lot size
    11.47 lot acres
    Property size
    55,864 SF
    Zone code
    IN
    Property type
    Manufacturing properties
    APN
    4658-93-2849.000
    APU
    4658932849000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,006,000
      Market price range: $799k - $3.01M

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

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8196
    Latitude
    35.6155
    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
    $89,885
    $387,110
    $8,751,210
    $9,138,320
    -
    $387,110
    $8,751,210
    $9,138,320

    Comparable in this City

    • Value Estimation
      $14,770,000
      276,239 SF

      119 Mazeppa Rd

      HEAVY MANUFACTURING • 276,239 SF
      119 Mazeppa Rd, Mooresville, NC 28115-7927
      View Details
    • Value Estimation by Request
      18,000 SF

      167 Thunder Rd

      Distribution properties • 18,000 SF
      167 Thunder Rd, Mooresville, NC 28115
      View Details
    • Value Estimation by Request
      7,140 SF

      1113-1131 Main St

      Manufacturing properties • 7,140 SF
      1113-1131 Main St, Mooresville, NC 28115
      View Details
    • Value Estimation
      $6,380,000
      99,865 SF

      388 Plz Dr

      HEAVY MANUFACTURING • 99,865 SF
      388 Plz Dr, Mooresville, NC 28115-8047
      View Details
    • Value Estimation by Request
      1.38 Acres

      115-123 Loc Doc Pl

      Industrial properties • 1.38 Acres
      115-123 Loc Doc Pl, Mooresville, NC 28115
      View Details
    • Value Estimation by Request
      0.55 Acres

      116 Denver Business Park Dr

      INDUSTRIAL (GENERAL) • 0.55 Acres
      116 Denver Business Park Dr, 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
    • $2,300,000
      4,739 SF

      Mooresville Industrial Property - 5 Acres

      Spacious industrial building, ample land, great location.
      715 Oak Ridge Farm Hwy, Mooresville, NC 28115
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    • $1,300,000
      1.38 Acres

      Mooresville Industrial Property - 1.38 Acres

      Prime Mooresville location, 11,000+ sq ft.
      115-123 Loc Doc Pl, Mooresville, NC 28115
      View Details
    • $3,400,000
      1.85 Acres

      Mooresville Industrial Building For Sale

      New Construction, 1.85 Acres, Prime Location
      199 Thunder Rd, Mooresville, NC 28115
      View Details
    • $1,650,000
      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
      4,739 SF

      Mooresville Industrial Property - 5 Acres

      Prime Mooresville warehouse, ideal for distribution.
      715 Oak Ridge Farm Hwy, Mooresville, NC 28115
      View Details

    Similar Nearby for Lease

    • 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
    • $11 SF/Yr
      9,330 SF

      New Construction Flex Suites Available

      New flex suites for lease in Deerfield Business Park.
      110-112 Exmore Rd, Mooresville, NC 28115
      View Details
    • $12 SF/Yr
      23,697 SF

      Mooresville Office/Flex Space For Lease

      23,697 SF office/flex space in Deerfield Business Park.
      116 Exmore Rd, Mooresville, NC 28115
      View Details
    • $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
    • $40 SF/Yr
      3,554 SF

      Prime Retail Space, Downtown

      Upscale storefront, Liberty Park views
      201 Church St, Mooresville, NC 28115
      View Details
    • Contact for pricing

      Corner Parcel in Mooresville, NC

      2.8 acre corner parcel with excellent visibility and access.
      Mooresville, NC 28115
      View Details
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    Statesville Hwy
    Mooresville, NC 28115
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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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