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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Warehouses
136 Lugnut Ln Ste A, Mooresville, NC 28117-9398
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2446449
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,575 SF
Lot
0.98 ac (42,689 SF)
Zoning code
GB
APN
4636-36-2719.000
UPID
US53-2446449
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
-
Bundy Built Motorsports Auto Repair Shop
-
Discover Fitness, Strength and Conditioning Gym & Fitness Center
-
Lake Norman Party Rentals Party Supply Store Rental Equipment Company
-
Art of War Suspension Technologies Auto Parts Store (Bike/Boat/Book/etc) Store
-
Inn Tech MFG Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$655k
Blend (final)
Blend
$865k
Owner & transaction history
James M Takes · 4 yrs held
James M Takes
since 2022
7 recorded transactions
Zoning & alternative use
GB · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,160,000
6.5%
$1,070,000
7%
$995,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,325,000
Current use
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$90 / 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
$5,975
Tax year 2023
Assessed value
$1,012,730
Assessed 2023
Previous assessed
$705,670
+43.5% YoY
Effective rate
0.59%
On assessed value
Assessed land
$294,000
Assessed improvement
$718,730
Land market value
$294,000
Improvement market value
$718,730
Total market value
$1,012,730
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
9,575 SF
Lot
0.98 ac (42,689 SF)
Zoning code
GB
APN
4636-36-2719.000
UPID
US53-2446449
Jurisdiction
IREDELL
Zoning & alternative use
GB · Mooresville, NC
Zoning GB · permitted uses
GB · 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
WAREHOUSE, STORAGE Current
Est. value
$1.3M
WAREHOUSE, STORAGE 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
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
James M Takes
Individual
Mailing address
111 CHINOOK CT, MOORESVILLE, NC 28117-3706
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2022
—
Lake Norman Property Rental INC
—
Deed
related
$215,000 · Blueharbor Bank
Sep 29, 2022
—
Lake Norman Property Rental INC
—
Deed
related
$140,000 · Blueharbor Bank
Jan 25, 2022
—
James M Takes
James M Takes
Intrafamily Transfer
related
—
Dec 8, 2021
—
Lake Norman Property Rental INC
James Michael Takes
Warranty Deed
—
Jan 20, 2012
—
James M Takes
—
Trustees Deed
related
$495,000 · Citizens South Bank
Jun 14, 2011
$200,000
James M Takes
Hinson,randy & Gloria W
Warranty Deed
$50,000 · Citizens South Bank
Mar 20, 2000
$74,000
Randy Hinson
Schaefer,thomas
Grant 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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