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Property profile & analytics
OFF-MARKET
Estimated value
$6,970,000
Garden apartment buildings
1016 Main St, Mooresville, NC 28115
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-1152846
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2018
Construction
WOOD
Total area
34,851 SF
Lot
7.43 ac (323,825 SF)
Zoning code
CC
APN
4667-64-5874.000
UPID
US53-1152846
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
$8.71M
CAP Approach
CAP
$4.88M
Comparable Approach
Comparable
$5.36M
Blend (final)
Blend
$6.97M
Owner & transaction history
Ginkgo North Main LLC · 3 yrs held
Ginkgo North Main LLC
since 2023
Last sale
$7.3M
7 recorded transactions
Zoning & alternative use
CC · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mooresville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mooresville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$8,240,000
ML approach
$8,705,000
CAP Approach
CAP Return
Estimation
6%
$5,280,000
6.5%
$4,875,000
7%
$4,525,000
Blend value · Realmo final
$6.97M
Range $6.27M – $7.67M · ±10% · vs last sale $7.33M (Mar 28 2023)
Last sale anchor
$7.33M
Mar 28 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$200 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$162,276
Tax year 2023
Assessed value
$14,252,270
Assessed 2023
Previous assessed
$6,961,540
+104.7% YoY
Effective rate
1.14%
On assessed value
Assessed land
$639,320
Assessed improvement
$13,612,950
Land market value
$639,320
Improvement market value
$13,612,950
Total market value
$14,252,270
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2018
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
3
Stories
3
Units
24
Bathrooms
1
Total area
34,851 SF
Lot
7.43 ac (323,825 SF)
Zoning code
CC
APN
4667-64-5874.000
UPID
US53-1152846
Jurisdiction
IREDELL
Zoning & alternative use
CC · Mooresville, NC
Zoning CC · permitted uses
CC · Mooresville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mooresville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2018
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
3
Units
24
Bathrooms
1
Lot
7.43 ac
Current owner
From public records · entity-resolved
Ginkgo North Main LLC
Entity
Free & Clear · 3 yrs held
Mailing address
201 N CHURCH ST STE #106, MOORESVILLE, NC 28115-2597
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2023
$7,327,500
Ginkgo North Main LLC
North Main LLC
Special Warranty Deed
—
Mar 20, 2023
—
North Main LLC
David R Investments LLC
Correction Deed
related
—
Nov 6, 2020
—
North Main LLC
—
Deed
related
$8,872,500 · Orix R/e Cap
Feb 21, 2020
—
North Main LLC
—
Deed
related
$500,000 · First Carolina Bk
Nov 17, 2017
$599,000
North Main LLC A
David R Investments LLC
Warranty Deed
—
May 17, 2017
$80,000
David R Investments LLC
Brawley Properties Rlllp
Warranty Deed
—
Dec 12, 2012
—
Brawley Properties Rlllp
George W JR
Quit Claim Deed
related
—
—
—
North Main LLC
—
Deed Of Trust
related
$500,000 · First Carolina Bk
—
—
North Main LLC
—
Deed Of Trust
related
$8,872,500 · Orix R/e Cap
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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