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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Warehouses
140 Raceway Dr, Mooresville, NC 28117-6509
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1491399
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Construction
STONE
Total area
24,310 SF
Lot
1.26 ac (54,886 SF)
Zoning code
CM
APN
4647-34-6304.000
UPID
US53-1491399
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
-
Q Athletic Performance Center Gym & Fitness Center
-
CrossFit APC- Q Athletic Performance Center Gym & Fitness Center
-
Tim Jones’ SAVAGE Baseball Training Sports Field & Court Sports School
-
Tidal Sports Rehab & Recovery Medical Clinic
-
Finishline Trucking Llc Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.00M
CAP Approach
CAP
$2.72M
Comparable Approach
Comparable
$2.65M
Blend (final)
Blend
$2.00M
Owner & transaction history
Mooresville Pickleball LLC · 2 yrs held
Mooresville Pickleball LLC
since 2024
Last sale
$2.0M
3 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
$2,000,000
ML approach
$2,000,000
CAP Approach
CAP Return
Estimation
6%
$2,945,000
6.5%
$2,720,000
7%
$2,525,000
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±10% · vs last sale $2.00M (Apr 3 2024)
Last sale anchor
$2.00M
Apr 3 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
$82 / 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
$21,368
Tax year 2023
Assessed value
$1,876,680
Assessed 2023
Previous assessed
$1,876,680
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$498,960
Assessed improvement
$1,377,720
Land market value
$498,960
Improvement market value
$1,377,720
Total market value
$1,876,680
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
1999
Construction
STONE
Heating
YES
Cooling
YES
Stories
1
Rooms
2
Bathrooms
2
Total area
24,310 SF
Lot
1.26 ac (54,886 SF)
Zoning code
CM
APN
4647-34-6304.000
UPID
US53-1491399
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.
Building & site characteristics
From public records
Year built
1999
Construction
STONE
Heating
YES
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
2
Lot
1.26 ac
Current owner
From public records · entity-resolved
Mooresville Pickleball LLC
Entity
Free & Clear · 2 yrs held
Mailing address
205 OVERHILL DR, MOORESVILLE, NC 28117-7000
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2024
$2,000,000
Mooresville Pickleball LLC
Nest Homes LLC
Warranty Deed
—
Sep 23, 2022
$2,250,000
Nest Homes LLC
Daniel J Storie
Warranty Deed
$2,643,750 · Farmers & Merchants Bank
Aug 30, 2022
$1,050,000
Daniel J Storie
Gillis Family Limited Partnership
Warranty Deed
$266,359 · Gillis Family Limited Partnership
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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