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Property profile & analytics
OFF-MARKET
Estimated value
$6,575,000
Grocery and convenience stores
136 Rocky Riv Rd, Mooresville, NC 28115-7779
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-3842906
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2008
Construction
STEEL FRAME
Total area
35,934 SF
Lot
10.62 ac (462,564 SF)
Zoning code
CM
APN
4665-44-7404.000
UPID
US53-3842906
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
-
Rivers' Edge Dental Dental Office
-
Rocky River Orthodontics Dental Office
-
Dr. Justin Groody, DDS, MSD Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.79M
Comparable Approach
Comparable
$7.47M
Blend (final)
Blend
$6.58M
Owner & transaction history
Ustart Rocky River LLC · 2 yrs held
Ustart Rocky River LLC
since 2024
6 recorded transactions
Zoning & alternative use
CM · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.7M
+60.8%
Medical building
$7.0M
+29.6%
Office building
$6.5M
+20.1%
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%
$7,350,000
6.5%
$6,785,000
7%
$6,300,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,410,000
Current use
RESTAURANT
$8,700,000
Change: +61% · Conversion: Easy
MEDICAL BUILDING
$7,010,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$6,500,000
Change: +20% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,240,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$6.58M
Range $5.92M – $7.23M · ±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
$183 / 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
$86,300
Tax year 2023
Assessed value
$7,579,520
Assessed 2023
Previous assessed
$6,271,590
+20.9% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,624,710
Assessed improvement
$5,954,810
Land market value
$1,624,710
Improvement market value
$5,954,810
Total market value
$7,579,520
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
35,934 SF
Lot
10.62 ac (462,564 SF)
Zoning code
CM
APN
4665-44-7404.000
UPID
US53-3842906
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
RETAIL STORES Current
Est. value
$5.4M
RESTAURANT
Est. value
$8.7M
MEDICAL BUILDING
Est. value
$7.0M
OFFICE BUILDING
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$6.2M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
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
2008
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
10.62 ac
Current owner
From public records · entity-resolved
Ustart Rocky River LLC
Entity
Mailing address
1655 H ST #205, BLAINE, WA 98230-5110
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2024
$129,000
Ustart Rocky River LLC
Rocky River Ops LLC
Special Warranty Deed
—
Oct 1, 2020
$225,000
136 Rocky River LLC
Rocky River Ops LLC
Grant Deed
—
Aug 29, 2019
$6,800,000
Savera Investments LLP
Arcp Mt Mooresville Nc LLC
Grant Deed
—
Dec 5, 2018
$300,000
Rocky River Ops LLC
Rrp Outparcels LLC
Grant Deed
—
—
—
Arcp Mt Mooresville Nc LLC
—
Deed Of Trust
related
$3,989,000 · Miscellaneous Ins Co
—
—
Arcp Mt Mooresville Nc LLC
—
Deed Of Trust
related
$3,989,000 · Miscellaneous Ins Co
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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