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Property profile & analytics
OFF-MARKET
Estimated value
$5,100,000
Warehouses
1220 Riv Hwy Mooresville, NC 28117-9088
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2280124
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1999
Construction
STONE
Total area
17,850 SF
Lot
4.19 ac (182,516 SF)
Zoning code
GB
APN
4637-19-0941.000
UPID
US53-2280124
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
-
U-Haul Neighborhood Dealer Car Rental Facility
-
SafeNest Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.14M
Blend (final)
Blend
$5.10M
Owner & transaction history
Mooresville Self Storage II LLC · 3 yrs held
Mooresville Self Storage II LLC
since 2022
Last sale
$5.7M
7 recorded transactions
Zoning & alternative use
GB · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$5.7M
+130.2%
Office building
$5.4M
+116.5%
Restaurant
$4.3M
+74.9%
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
$5,165,000
ML approach
$4,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,690,000
Change: +130% · Conversion: Easy
OFFICE BUILDING
$5,350,000
Change: +117% · Conversion: Difficult
RESTAURANT
$4,320,000
Change: +75% · Conversion: Difficult
MEDICAL BUILDING
$3,485,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$5.10M
Range $4.59M – $5.61M · ±10% · vs last sale $5.65M (Dec 16 2022)
Last sale anchor
$5.65M
Dec 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
$286 / 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
$22,924
Tax year 2023
Assessed value
$3,885,350
Assessed 2023
Previous assessed
$3,885,350
+0.0% YoY
Effective rate
0.59%
On assessed value
Assessed land
$1,039,120
Assessed improvement
$2,846,230
Land market value
$1,039,120
Improvement market value
$2,846,230
Total market value
$3,885,350
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Construction
STONE
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Bathrooms
4
Total area
17,850 SF
Lot
4.19 ac (182,516 SF)
Zoning code
GB
APN
4637-19-0941.000
UPID
US53-2280124
Jurisdiction
IREDELL
Zoning & alternative use
GB · Mooresville, NC
Zoning GB · permitted uses
GB · 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
$5.7M
OFFICE BUILDING
Est. value
$5.4M
RESTAURANT
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$3.5M
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
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
1999
Construction
STONE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
4
Lot
4.19 ac
Current owner
From public records · entity-resolved
Mooresville Self Storage II LLC
Entity
Mailing address
300 S TRYON ST STE #2500, CHARLOTTE, NC 28202-0135
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
May 6, 2026
—
Mooresville Self Storage II Ll
—
Deed
related
$160,000,000
Dec 16, 2022
$5,650,000
Mooresville Self Storage II LLC
Edelweiss Nc LLC
Special Warranty Deed
$300,000,000 · Chicago Title Insurance Co
Dec 16, 2022
—
Mooresville Self Storage II LLC
Edelweiss Nc LLC
Quit Claim Deed
related
—
Oct 31, 2013
$1,698,000
Edelweiss Nc LLC
Birmingham Brothers LLC
Warranty Deed
$1,177,000 · Wells Fargo Bank NA
Aug 12, 2011
—
Birmingham Brothers LLC
Birmingham Brothers Ptshp
Quit Claim Deed
related
$932,600 · Branch Banking & Trust Co
Dec 19, 2001
—
Birmingham Brothers Partne
Birmingham,ted L
Quit Claim Deed
related
—
—
—
Birmingham Brothers Ptshp
—
Deed Of Trust
related
$1,250,000 · First Charter 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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