Entity Owned Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2020
Construction
WOOD
Total area
30,484 SF
Lot
22.42 ac (976,615 SF)
Zoning code
TN
APN
4638-61-5634.000
UPID
US53-3029125
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$54.45M
Blend (final)
Blend
$53.10M
Owner & transaction history
since 2022
Last sale
$54.2M
4 recorded transactions
Zoning & alternative use
TN · Mooresville, NC
Zoning description
The purpose of the TN (Traditional Neighborhood) district is to provide lands for a diverse mix of medium density residential development, including singlefamily detached, duplex, and small scale attached residential dwe…
General category
CIVIC_INSTITUTIONAL
Top alternative use upside
Commercial (general)
$60.6M
+44.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$53.10M
Value range
$47.79M – $58.41M
±10% around blend
Estimated value / SF
$1,742 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
$47.79M
blend $53.10M
$58.41M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
30,484 SF
Lot area
22.42 ac
Year built
2020
APN
4638-61-5634.000
Zoning
TN
Assessed value
$42,506,070
Annual tax
$429,610
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$54.45M
Range $8.40M – $60.99M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$53.10M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 21 sales
$1,373
+27%
County 32 sales
$993
+75%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $1,742/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+45%
vs current-use indication
Apartment House (5+ Units) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$54.20M
Move the market yield to see immediate price impact.
Value / SF
$1,778
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$3.41M
$68.29M
$48.78M
$37.94M
$3.79M
$75.88M
$54.20M
$42.16M
$4.17M
$83.47M
$59.62M
$46.37M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$429,610
Tax year 2023
Assessed value
$42,506,070
Assessed 2023
Previous assessed
$25,268,230
+68.2% YoY
Effective rate
1.01%
On assessed value
Assessed land
$3,497,520
Assessed improvement
$39,008,550
Land market value
$3,497,520
Improvement market value
$39,008,550
Total market value
$42,506,070
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
2020
Construction
WOOD
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
4
Units
24
Total area
30,484 SF
Lot
22.42 ac (976,615 SF)
Zoning code
TN
APN
4638-61-5634.000
UPID
US53-3029125
Jurisdiction
IREDELL
Zoning & alternative use
TN · Mooresville, NCZoning TN · permitted uses
TN · Mooresville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The purpose of the TN (Traditional Neighborhood) district is to provide lands for a diverse mix of medium density residential development, including singlefamily detached, duplex, and small scale attached residential dwe…
General category
CIVIC_INSTITUTIONAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Buildings
4
Units
24
Lot
22.42 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
TN
CIVIC_INSTITUTIONAL
Jurisdiction
Mooresville, NC
Recorded code
TN
Official district
TN
Official district profile
What the municipal code says about TN
Zoning description
The purpose of the TN (Traditional Neighborhood) district is to provide lands for a diverse mix of medium density residential development, including singlefamily detached, duplex, and small scale attached residential dwe…
General category
CIVIC_INSTITUTIONAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for TN in Mooresville, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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