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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Warehouses
116 Bandit Ln, Mooresville, NC 28117
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-0833173
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Construction
STEEL FRAME
Total area
7,000 SF
Lot
0.75 ac (32,670 SF)
Zoning code
CC
APN
4657-45-0155.000
UPID
US53-0833173
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
$785k
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$995k
Owner & transaction history
Mcdowell County Investment LLC · 1 yrs held
Mcdowell County Investment LLC
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
CC · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+40.9%
Retail stores
$1.1M
+8.8%
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%
$850,000
6.5%
$785,000
7%
$725,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$970,000
Current use
MEDICAL BUILDING
$1,365,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$1,055,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $1.33M (Jan 25 2025)
Last sale anchor
$1.33M
Jan 25 2025
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
$142 / 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
$8,410
Tax year 2023
Assessed value
$738,630
Assessed 2023
Previous assessed
$528,820
+39.7% YoY
Effective rate
1.14%
On assessed value
Assessed land
$281,250
Assessed improvement
$457,380
Land market value
$281,250
Improvement market value
$457,380
Total market value
$738,630
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
2008
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
2
Total area
7,000 SF
Lot
0.75 ac (32,670 SF)
Zoning code
CC
APN
4657-45-0155.000
UPID
US53-0833173
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
WAREHOUSE, STORAGE Current
Est. value
$970,000
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
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
2008
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.75 ac
Current owner
From public records · entity-resolved
Mcdowell County Investment LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 3520, MOORESVILLE, NC 28117-2520
Ownership since
2025
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
Apr 25, 2025
$1,330,000
Mcdowell County Investment LLC
Ccc Building Supply LLC
Special Warranty Deed
—
Mar 3, 2025
—
Ccc Building Supply LLC
—
Deed
related
$2,500,000 · Cogent Bank
Sep 2, 2016
—
Ccc Building Supply LLC
—
Deed
related
$1,176,470 · Bank Of Nc
Jan 30, 2015
$500,000
Ccc Building Supply LLC
Shumis Concrete INC
Warranty Deed
$459,665 · Branch Bk&tr
Sep 28, 2007
$180,000
Shumis Concrete INC
Morrow,william F JR & Carolyn M
Warranty Deed
$430,000 · Branch Banking & Trust Co
Dec 1, 1986
—
William F Morrow JR
—
Warranty Deed
related
—
—
—
Ccc Building Supply LLC
—
Deed Of Trust
related
$1,176,470 · Bank Of Nc
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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