New search
Property profile & analytics
OFF-MARKET
Estimated value
$35,550,000
Garden apartment buildings
130 Nile Cir, Mooresville, NC 28117-8807
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-2201933
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1999
Construction
WOOD
Total area
20,880 SF
Lot
15.88 ac (691,559 SF)
Zoning code
RO
APN
4637-49-1602.000
UPID
US53-2201933
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
-
150 West Apartment Complex Figurine Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$35.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$37.51M
Blend (final)
Blend
$35.55M
Owner & transaction history
150 West Mooresville LLC · 1 yrs held
150 West Mooresville LLC
since 2024
Last sale
$35.6M
7 recorded transactions
Zoning & alternative use
RO · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$41.5M
+44.8%
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
$35,550,000
ML approach
$35,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$28,665,000
Current use
COMMERCIAL (GENERAL)
$41,505,000
Change: +45% · Conversion: Moderate
Blend value · Realmo final
$35.55M
Range $32.00M – $39.11M · ±10% · vs last sale $35.55M (Dec 23 2024)
Last sale anchor
$35.55M
Dec 23 2024
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
$1,703 / 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
$184,899
Tax year 2023
Assessed value
$29,284,650
Assessed 2023
Previous assessed
$29,284,650
+0.0% YoY
Effective rate
0.63%
On assessed value
Assessed land
$4,191,260
Assessed improvement
$25,093,390
Land market value
$4,191,260
Improvement market value
$25,093,390
Total market value
$29,284,650
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1999
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
6
Stories
3
Units
36
Total area
20,880 SF
Lot
15.88 ac (691,559 SF)
Zoning code
RO
APN
4637-49-1602.000
UPID
US53-2201933
Jurisdiction
IREDELL
Zoning & alternative use
RO · Mooresville, NC
Zoning RO · permitted uses
RO · 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) Current
Est. value
$28.7M
COMMERCIAL (GENERAL)
Est. value
$41.5M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
1999
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
6
Units
36
Lot
15.88 ac
Current owner
From public records · entity-resolved
150 West Mooresville LLC
Entity
Mailing address
1345 AVE OF THE AMERICAS FL 32A, NEW YORK, NY 10105-3107
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
$35,550,000
150 West Mooresville LLC
Fbrt 150 West Owner LLC
Special Warranty Deed
$60,804,484 · Sprt Cre Finance LLC
May 3, 2024
$35,550,000
Fbrt 150 West Owner LLC
130 Nile Circle LLC
Special Warranty Deed
$60,804,484 · Peoples Bank & Trust Co Of Pickett Co
Jun 13, 2022
$38,500,000
130 Nile Circle LLC
150w Cgc LLC
Special Warranty Deed
$60,804,484 · Peoples Bank & Trust Co Of Pickett
Jun 13, 2022
—
130 Nile Circle LLC
150w Cgc LLC
Quit Claim Deed
related
—
Jun 7, 2022
—
150w Cgc LLC
150w Cgc LLC
Intrafamily Transfer
related
—
Sep 6, 2019
—
150w Cgc LLC
—
Grant Deed
related
$18,075,000 · Capital One NA
Oct 1, 2018
$20,601,000
150w Cgc LLC
Threshold Carolinas 15-rp Ll
Grant Deed
$14,194,000 · Benefit Street Ptrs Realty Ope
Oct 7, 2016
$12,097,000
Threshold Carolinas 15-rp LLC
Concord Six LLC
Grant Deed
$9,967,000 · Berkadia Com'l Mtg
Nov 6, 2006
—
Concord Six LLC
Concord Six Mezzanine LLC
Special Warranty Deed
$36,100,000 · Greenwich Capital Financial Product
Jul 5, 2005
—
Concord Eleven LLC
Concord Eleven Mezzanine LLC
Quit Claim Deed
related
$70,500,000 · Greenwich Capital Fin'l INC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 130 Nile Cir?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
