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Property profile & analytics
OFF-MARKET
Estimated value
$20,795,000
Garden apartment buildings
104 Scenic Dr, Mooresville, NC 28115-5106
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-1661032
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1996
Construction
WOOD
Total area
13,740 SF
Lot
15 ac (653,574 SF)
Zoning code
CC
APN
4657-75-7813.000
UPID
US53-1661032
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
$12.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$27.49M
Blend (final)
Blend
$20.80M
Owner & transaction history
PC Nc Mooresville Station I · 5 yrs held
PC Nc Mooresville Station I
since 2020
Last sale
$29.0M
4 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
by Request
ML approach
$12,670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$20.80M
Range $18.72M – $22.87M · ±10% · vs last sale $29.00M (Oct 1 2020)
Last sale anchor
$29.00M
Oct 1 2020
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
$1,513 / 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
$259,774
Tax year 2023
Assessed value
$23,709,250
Assessed 2023
Previous assessed
$12,645,840
+87.5% YoY
Effective rate
1.10%
On assessed value
Assessed land
$795,210
Assessed improvement
$22,914,040
Land market value
$795,210
Improvement market value
$22,914,040
Total market value
$23,709,250
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
1996
Construction
WOOD
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
8
Stories
3
Units
12
Rooms
25
Bathrooms
3
Total area
13,740 SF
Lot
15 ac (653,574 SF)
Zoning code
CC
APN
4657-75-7813.000
UPID
US53-1661032
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
1996
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
8
Units
12
Rooms
25
Bathrooms
3
Lot
15 ac
Current owner
From public records · entity-resolved
PC Nc Mooresville Station I
Individual
Mailing address
4956 N 300TH W STE #300, PROVO, UT 84604-5842
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2020
$29,000,000
PC Nc Mooresville Station I
Threshold Madison-willow LP
Grant Deed
$23,200,000 · Keybank USA
Aug 2, 2017
$15,650,000
Threshold Madison-willow LP
Willow Madison LLC
Grant Deed
related
$400,000 · Wilmington Tr NA #2014-c20
Apr 4, 2013
—
Willow Madison LLC
Mooresville Apartments LLC
Warranty Deed
$9,130,000 · Heartland Bank
—
—
Willow Madison LLC
—
Deed Of Trust
related
$12,000,000 · Prudential Mtg 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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