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Property profile & analytics
FOR LEASE
Office buildings
106 Langtree Village Dr 301 Mooresville, NC 28117
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4001930
For Lease
1 / 12
$129-$23,025/Mo
106 Langtree Village Dr,Unit 301, Mooresville, NC 28117
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2015
Construction
CONCRETE
Total area
91,710 SF
Lot
2.57 ac (111,775 SF)
Zoning code
CM
APN
4645-42-4302.000
UPID
US53-4001930
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
Current use
Occupant on record · Public records
-
Rick Blakeley, EXP Realty LLC Mooresville Real Estate Agency
-
Novant Health Breast Imaging Center Langtree Medical Clinic
-
RETIRED | Dr. Joseph L. Trask, MD Physician
-
Natasha N. Jones, CNM Midwife Nurse Practitioner
-
Preminati Leasing LLC Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$26.40M
Comparable Approach
Comparable
$33.88M
Blend (final)
Blend
$26.86M
Owner & transaction history
Langtree Office Center LLC · 11 yrs held
Langtree Office Center LLC
since 2014
1 recorded transaction
Zoning & alternative use
CM · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$29.2M
+6.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$28,595,000
6.5%
$26,395,000
7%
$24,510,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$27,495,000
Current use
INDUSTRIAL (GENERAL)
$29,235,000
Change: +6% · Conversion: Difficult
RESTAURANT
$22,205,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$26.86M
Range $24.17M – $29.55M · ±10%
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
$293 / 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
$242,099
Tax year 2023
Assessed value
$20,370,340
Assessed 2023
Previous assessed
$16,961,140
+20.1% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,562,690
Assessed improvement
$18,807,650
Land market value
$1,562,690
Improvement market value
$18,807,650
Total market value
$20,370,340
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2015
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Buildings
3
Stories
2
Total area
91,710 SF
Lot
2.57 ac (111,775 SF)
Zoning code
CM
APN
4645-42-4302.000
UPID
US53-4001930
Jurisdiction
IREDELL
Zoning & alternative use
CM · Mooresville, NC
Zoning CM · permitted uses
CM · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$27.5M
INDUSTRIAL (GENERAL)
Est. value
$29.2M
RESTAURANT
Est. value
$22.2M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2015
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Lot
2.57 ac
Current owner
From public records · entity-resolved
Langtree Office Center LLC
Entity
Mailing address
5800 MONROE ST STE F5, SYLVANIA, OH 43560-2207
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2014
—
Langtree Office Center LLC
Langtree Dev Co LLC
Quit Claim Deed
related
$8,496,000 · Yadkin Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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