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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office Spaces
134 Professional Park Dr Mooresville, NC 28117-5599
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-2015818
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1999
Construction
STEEL FRAME
Total area
2,114 SF
Lot
2.02 ac (87,991 SF)
Zoning code
CM
APN
4646-83-4187.003
UPID
US53-2015818
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
-
Dentistry by Design LKN Dental Office
-
Jessica E. Marge, LCSW Foster Care Service Social Service Agency
-
Miracles Counseling Mooresville Counselor
-
Lisa A. Donnellan, LPCA Counselor
-
Mrs. Lisa Williams Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$420k
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$680k
Blend (final)
Blend
$525k
Owner & transaction history
Benningfield Rentals LLC · 1 yrs held
Benningfield Rentals LLC
since 2025
Last sale
$549,000
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
Method
Estimation
Statistic approach
$455,000
ML approach
$420,000
CAP Approach
CAP Return
Estimation
6%
$660,000
6.5%
$610,000
7%
$565,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$635,000
Current use
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $549k (Dec 21 2024)
Last sale anchor
$549k
Dec 21 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
$248 / 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
$4,021
Tax year 2023
Assessed value
$408,820
Assessed 2023
Previous assessed
$346,060
+18.1% YoY
Effective rate
0.98%
On assessed value
Assessed land
$106,660
Assessed improvement
$302,160
Land market value
$106,660
Improvement market value
$302,160
Total market value
$408,820
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
4
Bathrooms
3
Total area
2,114 SF
Lot
2.02 ac (87,991 SF)
Zoning code
CM
APN
4646-83-4187.003
UPID
US53-2015818
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$635,000
OFFICE BUILDING Current
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
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
4
Bathrooms
3
Lot
2.02 ac
Current owner
From public records · entity-resolved
Benningfield Rentals LLC
Entity
Mailing address
313 MALVERN HL LN, MORRISVILLE, NC 27560-9722
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2025
$549,000
Benningfield Rentals LLC
Keith R Martin
Special Warranty Deed
$664,050 · First Citizens Bank & Trust Co
Sep 18, 2023
$405,000
Keith R Martin
Pk Reit LLC
Special Warranty Deed
—
Jan 28, 2022
$410,000
Lmk Investments LLC
Bhat Enterprises LLC
Warranty Deed
$570,000 · South State Bank National Associati
Jun 27, 2018
$342,000
Pk Reit LLC
Carla Walker
Warranty Deed
$341,392 · Paragon 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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