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Property profile & analytics
FOR LEASE
Auto shops
111 Rocky River Rd, Mooresville, NC 28115
Entity Owned
Free & Clear
Property ID
US53-2538792
No photos on file
For Lease
Contact for pricing
111 Rocky River Rd, Mooresville, NC 28115
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Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,662 SF
Lot
2.91 ac (126,629 SF)
Zoning code
NB
APN
4665-45-1066.000
UPID
US53-2538792
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
-
Mr G's Handyman Service Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Spp Rr LLC
Spp Rr LLC
since 2026
Last sale
$450,000
7 recorded transactions
Zoning & alternative use
NB · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,468
Tax year 2023
Assessed value
$733,940
Assessed 2023
Previous assessed
$524,560
+39.9% YoY
Effective rate
0.75%
On assessed value
Assessed land
$732,560
Assessed improvement
$1,380
Land market value
$732,560
Improvement market value
$1,380
Total market value
$733,940
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Lease
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
2
Total area
2,662 SF
Lot
2.91 ac (126,629 SF)
Zoning code
NB
APN
4665-45-1066.000
UPID
US53-2538792
Jurisdiction
IREDELL
Zoning & alternative use
NB · Mooresville, NC
Zoning NB · permitted uses
NB · 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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
2.91 ac
Current owner
From public records · entity-resolved
Spp Rr LLC
Entity
Free & Clear · 0 yrs held
Mailing address
568 JETTON ST STE #200, DAVIDSON, NC 28036-9322
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2026
$1,000,000
Spp Rr LLC
Brown-rr LLC
Special Warranty Deed
—
Nov 20, 2024
$450,000
Town Of Mooresville
Brown-rr LLC
Special Warranty Deed
—
May 11, 2021
$600,000
Brown Rr LLC
Phifer I Johnson LP Rlllp
Special Warranty Deed
$462,500 · Farmers & Merchants Bank
Jun 13, 2014
$787,000
Bmch North Carolina LLC
Ef Ventures LLC
Warranty Deed
—
Jan 3, 2014
$715,500
Ef Ventures LLC
Phifer I Johnson Family LP Rll
Warranty Deed
—
Mar 12, 2008
—
Phifer I Johnson
—
Trustees Deed
related
$200,000 · Communityone Bk NA
Mar 8, 2000
$500
Bobby Ray Newton
Johnson,phifer I
Grant Deed
related
—
—
—
Joyce Johnson
—
Deed Of Trust
related
$50,000 · State Emps FCU
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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