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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Warehouses
107 Grayland Rd, Mooresville, NC 28115-5232
Entity Owned
~
Est. High Equity
Property ID
US53-5782140
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2014
Construction
WOOD
Total area
7,560 SF
Lot
1.67 ac (72,745 SF)
Zoning code
CM
APN
4658-92-5529.000
UPID
US53-5782140
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
-
Dyer Marine Service Department (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$845k
Comparable Approach
Comparable
$867k
Blend (final)
Blend
$930k
Owner & transaction history
Grayland 115 LLC
Grayland 115 LLC
since 2026
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
CM · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+85.4%
Office building
$1.4M
+71.9%
Commercial (general)
$1.3M
+65.0%
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%
$915,000
6.5%
$845,000
7%
$785,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$795,000
Current use
MEDICAL BUILDING
$1,475,000
Change: +85% · Conversion: Difficult
OFFICE BUILDING
$1,365,000
Change: +72% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,315,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$1,140,000
Change: +43% · Conversion: Moderate
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10% · vs last sale $1.00M (Feb 13 2026)
Last sale anchor
$1.00M
Feb 13 2026
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
$123 / 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
$5,496
Tax year 2023
Assessed value
$482,700
Assessed 2023
Previous assessed
$275,330
+75.3% YoY
Effective rate
1.14%
On assessed value
Assessed land
$125,250
Assessed improvement
$357,450
Land market value
$125,250
Improvement market value
$357,450
Total market value
$482,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2014
Construction
WOOD
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
7,560 SF
Lot
1.67 ac (72,745 SF)
Zoning code
CM
APN
4658-92-5529.000
UPID
US53-5782140
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
WAREHOUSE, STORAGE Current
Est. value
$795,000
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
2014
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
Grayland 115 LLC
Entity
Mailing address
107 GRAYLAND RD, MOORESVILLE, NC 28115-5232
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2026
$1,000,000
Grayland 115 LLC
Fletchco Enterprises INC
Special Warranty Deed
$750,000 · Park National Bank
May 7, 2019
—
Fletchco Ents INC
—
Deed
related
$375,000 · Peoples Bk
Sep 25, 2018
—
Fletchco Ents INC
—
Deed
related
$100,000 · Peoples Bk
Jan 22, 2018
—
Fletchco Ents INC
—
Deed
related
$100,000 · Peoples Bk
Oct 13, 2016
—
Fletchco Ents INC
—
Deed
related
$275,000 · Peoples Bk
Oct 21, 2013
—
Fletchco Ents INC
Fletcher,jerry L & Jane D
Quit Claim Deed
related
$75,000 · Peoples Bank & Trust
Aug 9, 2004
$51,000
Jerry L Fletcher
Overcash,william H & Margaret
Warranty Deed
$41,000 · Branch Banking & Trust Co
—
—
Fletchco Ents INC
—
Deed Of Trust
related
$375,000 · Peoples Bk
—
—
Fletchco Ents INC
—
Deed Of Trust
related
$175,000 · Peoples Bk
—
—
Fletchco Ents INC
—
Deed Of Trust
related
$275,000 · Peoples Bk
—
—
Fletchco Ents INC
—
Deed Of Trust
related
$100,000 · Peoples Bk
—
—
Fletchco Ents INC
—
Loan Modification
related
$100,000 · Peoples 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.
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