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Property profile & analytics
OFF-MARKET
Estimated value
$11,925,000
Warehouses
119 Morrison Plantation Pkwy, Mooresville, NC 28117-8238
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2356001
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
68,163 SF
Lot
9.15 ac (398,400 SF)
Zoning code
CM
APN
4647-16-9461.000
UPID
US53-2356001
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
-
Zaika Indian Cuisine Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.62M
Comparable Approach
Comparable
$13.99M
Blend (final)
Blend
$11.93M
Owner & transaction history
Stj Mooresville Crossing II LLC · 1 yrs held
Stj Mooresville Crossing II LLC
since 2024
Last sale
$15.8M
5 recorded transactions
Zoning & alternative use
CM · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$16.5M
+74.9%
Medical building
$13.3M
+40.9%
Retail stores
$10.3M
+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%
$8,255,000
6.5%
$7,620,000
7%
$7,075,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,440,000
Current use
RESTAURANT
$16,505,000
Change: +75% · Conversion: Difficult
MEDICAL BUILDING
$13,300,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$10,265,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$11.93M
Range $10.73M – $13.12M · ±10% · vs last sale $15.80M (Oct 1 2024)
Last sale anchor
$15.80M
Oct 1 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
$175 / 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
$97,386
Tax year 2023
Assessed value
$9,900,980
Assessed 2023
Previous assessed
$9,331,380
+6.1% YoY
Effective rate
0.98%
On assessed value
Assessed land
$3,073,060
Assessed improvement
$6,827,920
Land market value
$3,073,060
Improvement market value
$6,827,920
Total market value
$9,900,980
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
5
Total area
68,163 SF
Lot
9.15 ac (398,400 SF)
Zoning code
CM
APN
4647-16-9461.000
UPID
US53-2356001
Jurisdiction
IREDELL
Zoning & alternative use
CM · Mooresville, NC
Zoning CM · permitted uses
CM · 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
$9.4M
RESTAURANT
Est. value
$16.5M
MEDICAL BUILDING
Est. value
$13.3M
RETAIL STORES
Est. value
$10.3M
WAREHOUSE, STORAGE Current
RESTAURANT
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
5
Lot
9.15 ac
Current owner
From public records · entity-resolved
Stj Mooresville Crossing II LLC
Entity
Mailing address
1325 QUEENS CT STE A, SAINT PETERS, MO 63376-7375
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
$15,800,000
Stj Mooresville Crossing II LLC
Berg-mooresville Crossing II LLC
Special Warranty Deed
—
Jun 17, 2022
—
Berg Mooresville Crossing II LLC
—
Deed
related
$7,000,000 · First Mid Bank & Trust NA
Oct 12, 2015
$12,775,000
Berg-mooresville Crossing II L
Nsp Mooresville Retail LLC
Grant Deed
$10,491,224 · * Other Institutional Lenders
Aug 28, 2014
—
Nsp Mooresville Retail LLC
Nsp Mooresville Retail II LLC
Quit Claim Deed
related
—
Feb 21, 2014
—
Nsp Mooresville Retail II LLC
Nsp Mooresville Retail LLC
Quit Claim Deed
related
$10,575,000 · Citigroup Global Markets Rlty
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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