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Property profile & analytics
OFF-MARKET
Estimated value
$3,960,000
Medical Office Space
128 Medical Park Rd, Mooresville, NC 28117-8578
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2848588
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2013
Construction
STEEL FRAME
Total area
34,569 SF
Lot
0.49 ac (21,344 SF)
Zoning code
CM
APN
4645-99-3976.000
UPID
US53-2848588
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
-
Gina Noble Medical Clinic
-
Dr. Naomi Simon Physician Medical Clinic
-
Manish Patel Physician
-
Susan Benson Pediatrician Medical Clinic
-
Piedmont medical Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.96M
Owner & transaction history
Medical Park Inv Group LLC · 16 yrs held
Medical Park Inv Group LLC
since 2009
4 recorded transactions
Zoning & alternative use
CM · 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
$115 / 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
$65,986
Tax year 2023
Assessed value
$6,708,650
Assessed 2023
Previous assessed
$5,127,050
+30.8% YoY
Effective rate
0.98%
On assessed value
Assessed land
$215,600
Assessed improvement
$6,493,050
Land market value
$215,600
Improvement market value
$6,493,050
Total market value
$6,708,650
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
2013
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
3
Total area
34,569 SF
Lot
0.49 ac (21,344 SF)
Zoning code
CM
APN
4645-99-3976.000
UPID
US53-2848588
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.
Building & site characteristics
From public records
Year built
2013
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Lot
0.49 ac
Current owner
From public records · entity-resolved
Medical Park Inv Group LLC
Entity
Mailing address
2701 COLTSGATE RD STE #300, CHARLOTTE, NC 28211-3594
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2017
—
Medical Pk Investment Group Ll
—
Grant Deed
related
$6,169,385 · First Nat'l Bk/pa
May 13, 2014
—
Medical Park Inv Group LLC
—
Trustees Deed
related
$750,000 · Yadkin Bk
Nov 5, 2012
—
Medical Park Inv Group LLC
—
Trustees Deed
related
$3,853,443 · Yadkin Valley Bank & Trust Co
Oct 30, 2009
$250,000
Medical Park Inv Group LLC
Wardens & Vestry Of Stpatricks E
Warranty Deed
$235,000 · Piedmont 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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