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Property profile & analytics
OFF-MARKET
Estimated value
$215,000
Grocery and convenience stores
11181 Mooresville Rd Davidson, NC 28036-7525
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US53-0523097
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,922 SF
Lot
0.9 ac (39,204 SF)
Zoning code
GC
APN
4673 48 5040
UPID
US53-0523097
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
-
Coddle Creek Grocery Grocery & Convenience Store
-
Marathon Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$195k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$215k
Owner & transaction history
Vsp Business LLC · 15 yrs held
Vsp Business LLC
since 2010
6 recorded transactions
Zoning & alternative use
GC · Davidson, 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 Davidson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davidson 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
$195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$215k
Range $194k – $237k · ±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
$36 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$10,517
Tax year 2024
Assessed value
$926,180
Assessed 2024
Previous assessed
$706,810
+31.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$438,300
Assessed improvement
$487,880
Land market value
$438,300
Improvement market value
$487,880
Total market value
$926,180
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
5,922 SF
Lot
0.9 ac (39,204 SF)
Zoning code
GC
APN
4673 48 5040
UPID
US53-0523097
Jurisdiction
CABARRUS
Zoning & alternative use
GC · Davidson, NCZoning GC · permitted uses
GC · Davidson, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.9 ac
Current owner
From public records · entity-resolved
Vsp Business LLC
Entity
Mailing address
1534 COPPERPLATE RD, CHARLOTTE, NC 28262-6438
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2010
$1,550,000
Vsp Business LLC
Donald E Whitaker
Warranty Deed
$1,650,000 · Dba Bci Lending Services
Mar 3, 2010
$7,000
Ronald G Overcash
Winecoff,william A & Beverly C
Warranty Deed
related
—
—
—
Vsp Business LLC
—
Deed Of Trust
related
$1,799,900 · Communityone Bk NA
—
—
Ronald G Overcash
—
Deed Of Trust
related
$840,000 · Citizens South Bank
—
—
Ronald G Overcash
—
Deed Of Trust
related
$700,000 · Trinity Bank
—
—
Ronald G Overcash
—
Deed Of Trust
related
$450,000 · Trinity Bank
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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