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Property profile & analytics
OFF-MARKET
Turn key restaurants
124 Mdw Hl Cir, Mooresville, NC 28117-8089
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US53-5752393
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1996
Construction
STEEL FRAME
Total area
8,700 SF
Lot
2.01 ac (87,556 SF)
Zoning code
HLI
APN
4647-65-8603.000
UPID
US53-5752393
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
-
Iron Thunder Saloon & Grill - Mooresville Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Thunder Properties-mooresville · 14 yrs held
Thunder Properties-mooresville
since 2012
7 recorded transactions
Zoning & alternative use
HLI · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,709
Tax year 2023
Assessed value
$1,190,440
Assessed 2023
Previous assessed
$1,093,670
+8.8% YoY
Effective rate
0.98%
On assessed value
Assessed land
$566,820
Assessed improvement
$623,620
Land market value
$566,820
Improvement market value
$623,620
Total market value
$1,190,440
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Bathrooms
2
Total area
8,700 SF
Lot
2.01 ac (87,556 SF)
Zoning code
HLI
APN
4647-65-8603.000
UPID
US53-5752393
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.
Building & site characteristics
From public records
Year built
1996
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
2.01 ac
Current owner
From public records · entity-resolved
Thunder Properties-mooresville
Entity
Mailing address
18833 RIV FLS DR, DAVIDSON, NC 28036-8856
Ownership since
2012
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
May 16, 2012
$417,000
Thunder Properties-mooresville
Pnc Bk National Assn
Grant Deed
$520,132 · Yadkin Valley Bank & Trust Co
Jun 4, 2010
$750,000
Pnc Bk National Assn
Turner G Robert III
Trustees Deed
related
—
Nov 8, 2006
$2,080,000
Tej-deep LLC
Good Life-land LLC
Warranty Deed
$1,121,725 · Pnc Bank
Jun 7, 2005
$1,250,000
Good Life-land LLC
Howard,richard W & Pamela M
Warranty Deed
$1,062,500 · Carolina Trust Bank
Apr 23, 2004
—
Richard W Howard
Hobo Ventures Ll
Grant Deed
related
—
—
—
Tej Deep LLC
—
Deed Of Trust
related
$115,000 · Pnc Bank
—
—
Tej Deep LLC
—
Deed Of Trust
related
$897,380 · Pnc Bank
—
—
Thunder Properties-mooresville
—
Deed Of Trust
related
$639,393 · Yadkin 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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