New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,460,000
Grocery and convenience stores
115 Mecklynn Rd A-B-C, Mooresville, NC 28117-7544
Trust Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2676788
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2017
Construction
STEEL FRAME
Total area
20,095 SF
Lot
4.95 ac (215,578 SF)
Zoning code
CC
APN
4645-52-4219.000
UPID
US53-2676788
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
-
Shell Car Wash
-
Dunkin' Donuts Restaurant Take-out & Catering
-
Langtree Market Property Management Company Commercial Real Estate Agency
-
Home Run Market #17 Gas Station
-
Byte Federal Bitcoin ATM (Home Run Market) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$2.46M
Owner & transaction history
Slv Devco Living Trust LLC · 8 yrs held
Slv Devco Living Trust LLC
since 2017
7 recorded transactions
Zoning & alternative use
CC · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$3.8M
+539.5%
Office building
$3.6M
+504.4%
Commercial (general)
$2.7M
+356.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,820,000
Change: +540% · Conversion: Difficult
OFFICE BUILDING
$3,610,000
Change: +504% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,730,000
Change: +357% · Conversion: Easy
RESTAURANT
$2,100,000
Change: +251% · Conversion: Difficult
RETAIL STORES
$1,625,000
Change: +172% · Conversion: Easy
MEDICAL BUILDING
$1,545,000
Change: +158% · Conversion: Difficult
Blend value · Realmo final
$2.46M
Range $2.21M – $2.71M · ±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
$122 / 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
$104,442
Tax year 2023
Assessed value
$7,938,780
Assessed 2023
Previous assessed
$6,944,950
+14.3% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,940,010
Assessed improvement
$5,998,770
Land market value
$1,940,010
Improvement market value
$5,998,770
Total market value
$7,938,780
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
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
20,095 SF
Lot
4.95 ac (215,578 SF)
Zoning code
CC
APN
4645-52-4219.000
UPID
US53-2676788
Jurisdiction
IREDELL
Zoning & alternative use
CC · Mooresville, NC
Zoning CC · permitted uses
CC · 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
INDUSTRIAL (GENERAL)
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$2.7M
RESTAURANT
Est. value
$2.1M
RETAIL STORES
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
INDUSTRIAL (GENERAL)
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
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
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
4.95 ac
Current owner
From public records · entity-resolved
Slv Devco Living Trust LLC
Trust
Free & Clear · 8 yrs held
Mailing address
5800 MONROE ST STE F5, SYLVANIA, OH 43560-2207
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2017
—
Slv Devco Living Trust LLC
—
Deed
related
$2,000,000 · Pacific Premier Bk
Sep 20, 2017
$350,000
Slv Devco Living Trust LLC
Langtree Devlopment Co LLC
Grant Deed
—
Feb 4, 2011
$3,000,000
Langtree Dev Co LLC
Atrium At The Lake INC
Warranty Deed
—
May 8, 2009
$2,703,000
Atrium At The Lake INC
Langtree Properties LLC
Warranty Deed
$2,500,000 · Eric C & Nelda G Lee
—
—
Langtree Dev Co LLC
—
Deed Of Trust
related
$3,600,000 · Yadkin Bank
—
—
Langtree Dev Co LLC
—
Deed Of Trust
related
$1,634,500 · Lavalley Mary A Trust (pt)
—
—
Slv Devco Living Trust LLC
—
Deed Of Trust
related
$2,000,000 · Pacific Premier 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 115 Mecklynn Rd, Unit A-B-C?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
