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Property profile & analytics
OFF-MARKET
Estimated value
$4,285,000
Strip malls
123 Trade Ct Ste A, Mooresville, NC 28117-5542
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1773639
Property summary
AI-generated overview
This exceptional 15,000 square foot retail and restaurant property, located at 123 Trade Ct in Mooresville, North Carolina, presents a fantastic opportunity. Currently operating as a multi-tenant strip center in Iredell County, this property offers 1,500 square feet of immediately available space. Ideal for a restaurant or other retail business, this second-generation space is ready for immediate occupancy. The property's convenient location in the vibrant Mooresville market ensures high visibility and accessibility for customers. The existing infrastructure provides a solid foundation for a new tenant, minimizing initial setup costs. With a total building size of 15,000 square feet, this property offers ample space for expansion or potential future development. The zip code is 28117. This is a prime opportunity to establish or expand your business in a thriving community. The property is situated at latitude 35.5537955 and longitude -80.8553793. The property is under new ownership. Don't miss this chance to secure a prominent location in a rapidly growing area. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Construction
STEEL FRAME
Total area
7,528 SF
Lot
1.77 ac (77,188 SF)
Zoning code
CM
APN
4646-81-0635.000
UPID
US53-1773639
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
-
China Express Restaurant
-
Kabab N Grill Restaurant
-
Vape & Tobacco City Mooresville (Bike/Boat/Book/etc) Store
-
Vape & Tobacco City (Bike/Boat/Book/etc) Store
-
Q T Nails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.29M
Owner & transaction history
Trade Court Property LLC · 2 yrs held
Trade Court Property LLC
since 2023
Last sale
$4.0M
5 recorded transactions
Zoning & alternative use
CM · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.8M
+2,920.6%
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
$4,500,000
ML approach
$4,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,760,000
Change: +2,921% · Conversion: Difficult
Blend value · Realmo final
$4.29M
Range $3.86M – $4.71M · ±10% · vs last sale $4.00M (Aug 24 2023)
Last sale anchor
$4.00M
Aug 24 2023
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
$569 / 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
$25,511
Tax year 2023
Assessed value
$2,593,590
Assessed 2023
Previous assessed
$2,526,740
+2.6% YoY
Effective rate
0.98%
On assessed value
Assessed land
$829,300
Assessed improvement
$1,764,290
Land market value
$829,300
Improvement market value
$1,764,290
Total market value
$2,593,590
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
4
Total area
7,528 SF
Lot
1.77 ac (77,188 SF)
Zoning code
CM
APN
4646-81-0635.000
UPID
US53-1773639
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.8M
APARTMENT HOUSE (5+ UNITS)
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
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
4
Lot
1.77 ac
Current owner
From public records · entity-resolved
Trade Court Property LLC
Entity
Mailing address
322 N SPG ST, WINSTON SALEM, NC 27101-2722
Ownership since
2023
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
Aug 24, 2023
$400,000
Trade Court Property LLC
Hamrah Real Estate Investments LLC
Special Warranty Deed
—
Oct 12, 2007
$4,026,000
Southern R Of E Co/charlotte INC
Mooresville Exit 33 Dev
Grant Deed
$1,881,407 · First Trust Bank Of Savings
Nov 5, 2004
$3,150,000
Hamrah R/e Investments LLC
Mooresville Exit 33 Dev
Grant Deed
$1,600,000 · Lasalle National Bank
—
—
Hamrah Real Estate Invs LLC
—
Deed Of Trust
related
$1,900,000 · Fcre Rel LLC
—
—
Darlene Clawson
—
Deed Of Trust
related
$12,583 · Charlotte Metro Cu
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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