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Property profile & analytics
OFF-MARKET
Estimated value
$1,775,000
Commercial real estate
115 Thompson Farm Rd 121 Mooresville, NC 28117-9242
Individually Owned
8-yr Hold
Property ID
US53-2367648
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1993
Construction
STEEL FRAME
Total area
10,500 SF
Lot
11.02 ac (479,901 SF)
Zoning code
RA,CB
APN
4637-91-3468.000
UPID
US53-2367648
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
by Request
CAP Approach
CAP
$2.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.78M
Owner & transaction history
Ronnie D Thompson · 8 yrs held
Ronnie D Thompson
since 2017
5 recorded transactions
Zoning & alternative use
RA,CB · Mooresville, NC
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%
$2,510,000
6.5%
$2,320,000
7%
$2,155,000
Blend value · Realmo final
$1.78M
Range $1.60M – $1.95M · ±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
$169 / 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
$15,866
Tax year 2023
Assessed value
$2,678,900
Assessed 2023
Previous assessed
$2,265,180
+18.3% YoY
Effective rate
0.59%
On assessed value
Assessed land
$1,024,980
Assessed improvement
$1,653,920
Land market value
$1,024,980
Improvement market value
$1,653,920
Total market value
$2,678,900
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1993
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Bathrooms
5
Total area
10,500 SF
Lot
11.02 ac (479,901 SF)
Zoning code
RA,CB
APN
4637-91-3468.000
UPID
US53-2367648
Jurisdiction
IREDELL
Zoning & alternative use
RA,CB · Mooresville, NCZoning RA,CB · permitted uses
RA,CB · Mooresville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Layer: Town Zoning (ID: 3)
Building & site characteristics
From public records
Year built
1993
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
4
Bathrooms
5
Lot
11.02 ac
Current owner
From public records · entity-resolved
Ronnie D Thompson
Individual
Mailing address
121 THOMPSON FARM RD, MOORESVILLE, NC 28117-9242
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2017
—
Ronnie D Thompson
—
Deed
related
$400,000 · Blueharbor Bk
Dec 1, 1994
—
Thompson,ronnie D
—
Warranty Deed
related
—
—
—
Ronnie D Thompson
—
Deed Of Trust
related
$500,000 · Piedmont Bank
—
—
Ronnie D Thompson
—
Deed Of Trust
related
$400,000 · Blueharbor Bk
—
—
Ronnie D Thompson
—
Deed Of Trust
related
$450,000 · Mooresville Savings 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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