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Property profile & analytics
OFF-MARKET
Retail space
112 Rinehardt Rd Mooresville, NC 28115-7979
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-2268295
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,250 SF
Lot
0.46 ac (20,038 SF)
Zoning code
CC
APN
4658-91-9307.000
UPID
US53-2268295
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
-
Motor Cars International., Inc. Car Dealership
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
Fae Properties LLC · 4 yrs held
Fae Properties LLC
since 2022
7 recorded transactions
Zoning & alternative use
CC · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CC (Community Commercial) zoning district accommodates business uses that provide goods and services to residents of the region and Town, including shopping centers and large retail establishments located along limited access streets and adjacent to highway interchanges. The district provides lands for auto oriented and auto dependent development in addi…
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
1,200.50 ac
Source
Realmo
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
$3,123
Tax year 2023
Assessed value
$274,280
Assessed 2023
Previous assessed
$101,480
+170.3% YoY
Effective rate
1.14%
On assessed value
Assessed land
$46,000
Assessed improvement
$228,280
Land market value
$46,000
Improvement market value
$228,280
Total market value
$274,280
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
NONE
Stories
1
Rooms
2
Bathrooms
2
Total area
4,250 SF
Lot
0.46 ac (20,038 SF)
Zoning code
CC
APN
4658-91-9307.000
UPID
US53-2268295
Jurisdiction
IREDELL
Zoning & alternative use
CC · Mooresville, NCZoning CC · permitted uses
CC · Mooresville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CC (Community Commercial) zoning district accommodates business uses that provide goods and services to residents of the region and Town, including shopping centers and large retail establishments located along limited access streets and adjacent to highway interchanges. The district provides lands for auto oriented and auto dependent development in addition to serviceoriented uses that provide support to the surrounding region, while encouraging the transition over time from existing development patterns to a non auto centric development pattern that includes a mix of residential and nonresidential uses. The district provides for redevelopment opportunities and supports multi modal transportation options to better serve the entire community.
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
1,200.50 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
Fae Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
173 BROOKFIELD CIR, MOORESVILLE, NC 28115-2705
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2025
—
Fae Properties LLC
—
Deed
related
$650,000 · Jas Enterprises Ptr LLC
Feb 2, 2022
—
Fae Properties LLC
Ceraolo Properties LLC
Warranty Deed
—
Jan 10, 2022
$340,000
Ceraolo Properties LLC
Marker 24 LLC
Warranty Deed
—
Mar 1, 2017
$200,000
Marker 24 LLC
Cascade Property Rentals INC
Warranty Deed
$180,000 · Private Individual
May 10, 2016
—
Cascade Property Rentals INC
Williams,glenn G & Janice B
Warranty Deed
related
—
Apr 8, 2016
—
Glenn G Williams
Speagle,teresa W & Scott T
Warranty Deed
related
—
Apr 7, 2016
—
Teresa W Speagle
Williams,glenn G & Janice B
Warranty Deed
—
Apr 6, 2016
—
Glenn G Williams
Cascade Tire & Automotive INC
Deed In Lieu Of Foreclosure
—
May 13, 2014
—
Cascade Tire & Automotive INC
Williams,randall E & Mendee B
Warranty Deed
related
$75,118 · Glenn G & Janice B Williams
Dec 13, 2013
$100,000
Randall E Williams
Williams,glenn G & Janice B
Warranty Deed
related
$75,118 · Glenn G & Janice B Williams
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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