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Property profile & analytics
OFF-MARKET
Estimated value
$2,125,000
Office buildings
133 Main St Mooresville, NC 28115-2525
Individually Owned
19-yr Hold
Free & Clear
Property ID
US53-5669102
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1903
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,180 SF
Lot
0.27 ac (11,761 SF)
Zoning code
TD
APN
4667-11-3828.000
UPID
US53-5669102
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
-
Bridgetree Advertising Agency Marketing & Advertising
-
Dulcet and Delish Cafe Restaurant
-
Distinctive Cabinetry & Design of Lake Norman Hardware & Home Improvement Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.64M
Comparable Approach
Comparable
$2.23M
Blend (final)
Blend
$2.13M
Owner & transaction history
Mark Beck · 19 yrs held
Mark Beck
since 2007
3 recorded transactions
Zoning & alternative use
TD · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The TD (Traditional Downtown) district is intended to support and preserve the urban form of downtown Mooresville. District standards support the development of the downtown as a focal point in Mooresville with an intense mix of office, retail, service, restaurant, entertainment, cultural, civic, and residential development that cohesively preserve the distr…
Zone name
Traditional Downtown
General category
MIXED_USE
Zone area
142.26 ac
Source
Realmo
Top alternative use upside
Industrial (general)
$2.9M
+72.1%
Restaurant
$2.2M
+33.9%
Medical building
$1.8M
+7.9%
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%
$2,860,000
6.5%
$2,640,000
7%
$2,455,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,660,000
Current use
INDUSTRIAL (GENERAL)
$2,855,000
Change: +72% · Conversion: Difficult
RESTAURANT
$2,225,000
Change: +34% · Conversion: Moderate
MEDICAL BUILDING
$1,790,000
Change: +8% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,595,000
Change: -4% · Conversion: Easy
RETAIL STORES
$1,385,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$2.13M
Range $1.91M – $2.34M · ±10%
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
$231 / 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
$17,729
Tax year 2023
Assessed value
$1,386,560
Assessed 2023
Previous assessed
$876,040
+58.3% YoY
Effective rate
1.28%
On assessed value
Assessed land
$216,000
Assessed improvement
$1,170,560
Land market value
$216,000
Improvement market value
$1,170,560
Total market value
$1,386,560
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1903
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Rooms
2
Bathrooms
1
Total area
9,180 SF
Lot
0.27 ac (11,761 SF)
Zoning code
TD
APN
4667-11-3828.000
UPID
US53-5669102
Jurisdiction
IREDELL
Zoning & alternative use
TD · Mooresville, NCZoning TD · permitted uses
TD · Mooresville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The TD (Traditional Downtown) district is intended to support and preserve the urban form of downtown Mooresville. District standards support the development of the downtown as a focal point in Mooresville with an intense mix of office, retail, service, restaurant, entertainment, cultural, civic, and residential development that cohesively preserve the districts character as a historic, walkable center of activity. The district allows a mix of retail, restaurant, entertainment, and institutional development, as well as medium to highdensity residential uses. Vertical mixed use development with residential uses above ground floor nonresidential development is encouraged.
Zone name
Traditional Downtown
General category
MIXED_USE
Zone area
142.26 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
RESTAURANT
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.4M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1903
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
2
Bathrooms
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Mark Beck
Individual
Free & Clear · 19 yrs held
Mailing address
PO BOX 69, FORT MILL, SC 29716-0069
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2007
$500,000
Mark Beck
Knox,charles E SR & Montye S
Warranty Deed
—
Feb 10, 2006
—
Charles E Knox SR.
Knox,charles E SR
Quit Claim Deed
related
—
Jan 4, 2006
$300,000
Charles E Knox SR.
Knox,joe V & Elizabeth G
Warranty Deed
related
—
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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