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Property profile & analytics
OFF-MARKET
Estimated value
$1,705,000
Warehouses
124 Talbert Pointe Dr, Mooresville, NC 28117-5328
Entity Owned
Free & Clear
Property ID
US53-1390844
Property summary
AI-generated overview
This exceptional 11,500 square foot single-story flex/warehouse property, located at 124 Talbert Pointe Dr in Iredell County, offers a unique opportunity for multiple tenants. The building features a total of two suites, with 8,500 square feet currently vacant and available for lease. The minimum divisible space is 3,000 square feet, providing flexibility for businesses of varying sizes. The building boasts a generous 20-foot ceiling height, ideal for storage or high-volume operations. One drive-in door provides convenient access for loading and unloading. Suite B, a prime example of the available space, comprises 2,515 square feet of office space and 5,985 square feet of warehouse space, previously utilized for heavy electrical service manufacturing. The property's convenient location, with cross-street access via Oates Rd, makes it easily accessible for employees and clients. This versatile property is perfect for a variety of industrial and flex-space users seeking a well-maintained building with ample space and convenient access. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Construction
STEEL FRAME
Total area
11,956 SF
Lot
1.16 ac (50,530 SF)
Zoning code
HLI
APN
4657-08-9478.000
UPID
US53-1390844
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
-
Designer Ink Graphics Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.34M
Comparable Approach
Comparable
$1.96M
Blend (final)
Blend
$1.71M
Owner & transaction history
124 Talbert Pointe LLC
124 Talbert Pointe LLC
since 2025
Last sale
$1.8M
2 recorded transactions
Zoning & alternative use
HLI · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.3M
+40.9%
Retail stores
$1.8M
+8.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,450,000
6.5%
$1,335,000
7%
$1,240,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,655,000
Current use
MEDICAL BUILDING
$2,335,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$1,800,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$1.71M
Range $1.53M – $1.88M · ±10% · vs last sale $1.76M (May 1 2025)
Last sale anchor
$1.76M
May 1 2025
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
$143 / 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
$13,641
Tax year 2023
Assessed value
$1,386,880
Assessed 2023
Previous assessed
$1,026,280
+35.1% YoY
Effective rate
0.98%
On assessed value
Assessed land
$269,700
Assessed improvement
$1,117,180
Land market value
$269,700
Improvement market value
$1,117,180
Total market value
$1,386,880
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
2004
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Bathrooms
1
Total area
11,956 SF
Lot
1.16 ac (50,530 SF)
Zoning code
HLI
APN
4657-08-9478.000
UPID
US53-1390844
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
$1.7M
MEDICAL BUILDING
Est. value
$2.3M
RETAIL STORES
Est. value
$1.8M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
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
2004
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
124 Talbert Pointe LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 3216, MOORESVILLE, NC 28117-3216
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2025
$1,763,000
124 Talbert Pointe LLC
S & S 2 Family Limited Partnership
Special Warranty Deed
—
Oct 29, 1999
$69,600
Jamp Investments LLC
Talbert,pointe F
Grant Deed
—
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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