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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Medical Office Space
134 Magnolia St Mooresville, NC 28115-2587
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-1214674
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1981
Construction
WOOD
Total area
4,870 SF
Lot
0.77 ac (33,541 SF)
Zoning code
TN
APN
4667-40-4814.000
UPID
US53-1214674
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
-
Love land dental care Dental Office
-
Loveland Dental Group Dental Office
-
Robert Walker, DMD Dental Office
-
Sarah Stewart Physician
-
Dr. Sean O'toole Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$855k
Owner & transaction history
Parkwood Salem LLC · 4 yrs held
Parkwood Salem LLC
since 2022
Last sale
$875,000
3 recorded transactions
Zoning & alternative use
TN · 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
Method
Estimation
Statistic approach
$800,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
$1,130,000
6.5%
$1,045,000
7%
$970,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$950,000
Current use
OFFICE BUILDING
$880,000
Change: -7% · Conversion: Easy
COMMERCIAL (GENERAL)
$845,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $875k (Jul 1 2022)
Last sale anchor
$875k
Jul 1 2022
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
$176 / 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
$9,669
Tax year 2023
Assessed value
$849,190
Assessed 2023
Previous assessed
$568,820
+49.3% YoY
Effective rate
1.14%
On assessed value
Assessed land
$92,400
Assessed improvement
$756,790
Land market value
$92,400
Improvement market value
$756,790
Total market value
$849,190
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
1981
Construction
WOOD
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Rooms
12
Bathrooms
2
Total area
4,870 SF
Lot
0.77 ac (33,541 SF)
Zoning code
TN
APN
4667-40-4814.000
UPID
US53-1214674
Jurisdiction
IREDELL
Zoning & alternative use
TN · Mooresville, NC
Zoning TN · permitted uses
TN · 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
MEDICAL BUILDING Current
Est. value
$950,000
OFFICE BUILDING
Est. value
$880,000
COMMERCIAL (GENERAL)
Est. value
$845,000
MEDICAL BUILDING Current
OFFICE BUILDING
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
1981
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
12
Bathrooms
2
Lot
0.77 ac
Current owner
From public records · entity-resolved
Parkwood Salem LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3890 TAMARACK LN, LAKE OSWEGO, OR 97035-1845
Ownership since
2022
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
Jul 1, 2022
$875,000
Parkwood Salem LLC
Loveland Mooresville Properties LLC
Special Warranty Deed
—
Jul 1, 2022
$860,000
Loveland Mooresville Properties LLC
Magnolia Medical Building LLC
Special Warranty Deed
—
Mar 29, 2022
—
Magnolia Medical Building LLC
James H Fryar III
Warranty 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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