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Property profile & analytics
OFF-MARKET
Estimated value
$2,740,000
Medical Office Space
123 Professional Park Dr Ste 100, Mooresville, NC 28117-5516
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-2103108
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
STEEL FRAME
Total area
12,856 SF
Lot
1.2 ac (52,359 SF)
Zoning code
CM
APN
4646-82-4721.000
UPID
US53-2103108
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
$3.11M
CAP Approach
CAP
$2.76M
Comparable Approach
Comparable
$2.29M
Blend (final)
Blend
$2.74M
Owner & transaction history
S & P Group LLC · 4 yrs held
S & P Group LLC
since 2021
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
CM · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$4.1M
+63.4%
Office building
$3.9M
+53.6%
Restaurant
$3.1M
+24.1%
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
$2,800,000
ML approach
$3,110,000
CAP Approach
CAP Return
Estimation
6%
$2,985,000
6.5%
$2,755,000
7%
$2,560,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,510,000
Current use
INDUSTRIAL (GENERAL)
$4,100,000
Change: +63% · Conversion: Difficult
OFFICE BUILDING
$3,855,000
Change: +54% · Conversion: Easy
RESTAURANT
$3,115,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$2.74M
Range $2.47M – $3.01M · ±10% · vs last sale $2.70M (Dec 3 2021)
Last sale anchor
$2.70M
Dec 3 2021
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
$213 / 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
$27,063
Tax year 2023
Assessed value
$2,751,430
Assessed 2023
Previous assessed
$2,376,400
+15.8% YoY
Effective rate
0.98%
On assessed value
Assessed land
$486,570
Assessed improvement
$2,264,860
Land market value
$486,570
Improvement market value
$2,264,860
Total market value
$2,751,430
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
2
Rooms
2
Bathrooms
3
Total area
12,856 SF
Lot
1.2 ac (52,359 SF)
Zoning code
CM
APN
4646-82-4721.000
UPID
US53-2103108
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
MEDICAL BUILDING Current
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.9M
RESTAURANT
Est. value
$3.1M
MEDICAL BUILDING Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
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
2002
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
2
Rooms
2
Bathrooms
3
Lot
1.2 ac
Current owner
From public records · entity-resolved
S & P Group LLC
Entity
Mailing address
170 MEDICAL PARK RD STE #103, MOORESVILLE, NC 28117-8541
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2021
$2,700,000
S & P Group LLC
Medsouth Professional Park Drive Ll
Special Warranty Deed
$2,295,000 · Pinncacle Bank
May 24, 2018
—
Medsouth Prof Pk Drive LLC
—
Deed
related
$1,700,000 · First Carolina Bk
Feb 28, 2014
$2,720,000
Medsouth Prof Park Drive LLC
Camhall Properties LLC
Grant Deed
$1,904,000 · Newdominion Bk
Dec 4, 2013
—
Camhall Properties LLC
F Michael Campbell Patricia
Grant Deed
related
—
Feb 26, 2002
—
Camhall Properties LLC
Michael,campbell
Grant Deed
related
—
—
—
Camhall Properties LLC
—
Deed Of Trust
related
$960,000 · Citizens South Bank
—
—
Medsouth Prof Pk Drive LLC
—
Deed Of Trust
related
$1,700,000 · First Carolina Bk
—
—
Camhall Properties LLC
—
Deed Of Trust
related
$515,000 · Citizens South 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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