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Property profile & analytics
OFF-MARKET
Estimated value
$1,585,000
Warehouses
1138 Gtwy Dr, Mooresville, NC 28115-8208
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0993054
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Construction
STEEL FRAME
Total area
12,200 SF
Lot
1.25 ac (54,450 SF)
Zoning code
IND
APN
230C035
UPID
US53-0993054
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.59M
CAP Approach
CAP
$1.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.59M
Owner & transaction history
Sago Mooresville LLC · 1 yrs held
Sago Mooresville LLC
since 2024
Last sale
$1.6M
3 recorded transactions
Zoning & alternative use
IND · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.2M
+71.9%
Commercial (general)
$2.1M
+65.0%
Medical building
$1.7M
+34.0%
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
$1,585,000
ML approach
$1,585,000
CAP Approach
CAP Return
Estimation
6%
$1,505,000
6.5%
$1,390,000
7%
$1,290,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,285,000
Current use
OFFICE BUILDING
$2,205,000
Change: +72% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,120,000
Change: +65% · Conversion: Difficult
MEDICAL BUILDING
$1,720,000
Change: +34% · Conversion: Difficult
RESTAURANT
$1,465,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,365,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$1.59M
Range $1.43M – $1.74M · ±10% · vs last sale $1.59M (Apr 23 2024)
Last sale anchor
$1.59M
Apr 23 2024
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
$130 / 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
$3,081
Tax year 2024
Assessed value
$454,782
Assessed 2024
Previous assessed
$454,782
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$106,250
Assessed improvement
$348,532
Land market value
$106,250
Improvement market value
$348,532
Total market value
$454,782
Applied tax rate
124.0000
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
1999
Construction
STEEL FRAME
Heating
YES
Stories
1
Total area
12,200 SF
Lot
1.25 ac (54,450 SF)
Zoning code
IND
APN
230C035
UPID
US53-0993054
Jurisdiction
ROWAN
Zoning & alternative use
IND · Mooresville, NC
Zoning IND · permitted uses
IND · 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
$1.3M
OFFICE BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.7M
RESTAURANT
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
1999
Construction
STEEL FRAME
Heating
YES
Stories
1
Lot
1.25 ac
Current owner
From public records · entity-resolved
Sago Mooresville LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4501 MLS PARK CIR #200, COLLEGE STATION, TX 77845-1101
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2024
—
Sago Mooresville LLC
Cpm Development Group LLC
Correction Deed
related
—
Apr 23, 2024
$1,587,000
Sago Mooresville LLC
Cpm Development Group LLC
Special Warranty Deed
$1,586,000 · Truliant FCU
—
—
Cpm Development Grp LLC
—
Deed Of Trust
related
$480,000 · Wachovia Bank NA
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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