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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Warehouses
120 Commercial Dr Mooresville, NC 28115-8036
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-0267420
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Total area
7,826 SF
Lot
1.29 ac (56,323 SF)
Zoning code
HLI
APN
4656-82-4533.000
UPID
US53-0267420
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
-
Litex Industries Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
$875k
Comparable Approach
Comparable
$909k
Blend (final)
Blend
$810k
Owner & transaction history
Commerical Drive LLC · 3 yrs held
Commerical Drive LLC
since 2022
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
HLI · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+43.1%
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
$730,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
$950,000
6.5%
$875,000
7%
$815,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$825,000
Current use
RETAIL STORES
$1,180,000
Change: +43% · Conversion: Moderate
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $800k (Sep 16 2022)
Last sale anchor
$800k
Sep 16 2022
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
$104 / 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
$5,763
Tax year 2023
Assessed value
$506,110
Assessed 2023
Previous assessed
$346,670
+46.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$86,630
Assessed improvement
$419,480
Land market value
$86,630
Improvement market value
$419,480
Total market value
$506,110
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
1996
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
2
Bathrooms
2
Total area
7,826 SF
Lot
1.29 ac (56,323 SF)
Zoning code
HLI
APN
4656-82-4533.000
UPID
US53-0267420
Jurisdiction
IREDELL
Zoning & alternative use
HLI · Mooresville, NC
Zoning HLI · permitted uses
HLI · 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
$825,000
RETAIL STORES
Est. value
$1.2M
WAREHOUSE, STORAGE Current
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
1996
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Bathrooms
2
Lot
1.29 ac
Current owner
From public records · entity-resolved
Commerical Drive LLC
Entity
Free & Clear · 3 yrs held
Mailing address
117 CROSSLAKE PARK DR, MOORESVILLE, NC 28117-8016
Ownership since
2022
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
Sep 16, 2022
$800,000
Commerical Drive LLC
Carolina Wild 1 LLC
Special Warranty Deed
—
Aug 31, 2017
$609,500
Carolina Wild 1 LLC
Evi Properties II LLC
Warranty Deed
—
Aug 11, 2017
—
Evi Properties Iillc
Skaff,richard J
Grant Deed
related
—
Apr 23, 2015
$367,000
Evi Properties II LLC
Supreme Flavors LLC
Warranty Deed
$350,000 · First Cmnty Bk
Mar 30, 2012
$375,000
Supreme Flavors LLC
Huntington Fsb
Grant Deed
$525,000 · Bank Of America
Dec 19, 2011
$371,014
Huntington Fsb
Substitute Trustee Svcs INC
Trustees Deed
related
—
—
—
Gray,andrew D
—
Deed Of Trust
related
$337,000 · Piedmont 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.
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