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Property profile & analytics
FOR SALE
Commercial land
144 Ervin Rd Mooresville, NC 28117
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1140900
For Sale
1 / 4
$515,000
144 Ervin Rd, Mooresville, NC 28117
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1944
Total area
1,292 SF
Lot
0.88 ac (38,376 SF)
Zoning code
CM
APN
4647-18-9103.000
UPID
US53-1140900
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Mkid Investments INC · 2 yrs held
Mkid Investments INC
since 2024
Last sale
$1.5M
7 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
$1,450,000
ML approach
$1,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±10% · vs last sale $1.45M (Jul 11 2024)
Last sale anchor
$1.45M
Jul 11 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
$1,122 / 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
$3,466
Tax year 2023
Assessed value
$352,400
Assessed 2023
Previous assessed
$352,400
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$352,400
Land market value
$352,400
Total market value
$352,400
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1944
Heating
NONE
Stories
2
Bathrooms
1
Total area
1,292 SF
Lot
0.88 ac (38,376 SF)
Zoning code
CM
APN
4647-18-9103.000
UPID
US53-1140900
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
1944
Heating
NONE
Stories
2
Bathrooms
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Mkid Investments INC
Entity
Mailing address
537 PUTTING GRN LN STE #202, OXFORD, CT 06478-3130
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2024
$1,450,000
Mkid Investments INC
Lynne C Gingras
Special Warranty Deed
$850,000 · Bank Of America NA
Jan 29, 2016
—
Gingras,dana A & Lynne C Trust
Gingras,dana A & Lynne C
Quit Claim Deed
related
—
Jun 11, 2010
—
Dana A Gingras
Gingras,dana A & Lynne C
Quit Claim Deed
related
—
Jun 11, 2010
$140,001
Dana A Gingras
Myers Michael A
Trustees Deed
—
Oct 26, 2007
$425,000
Ash-bn Properties INC
Malcolm,kenneth O & Shelby B
Warranty Deed
—
Oct 26, 2007
—
Ash-bn Properties INC
Malcolm,kenneth O & Shelby B
Quit Claim Deed
related
$318,750 · Tristone Community Bank
—
—
Ash-bn Properties INC
—
Deed Of Trust
related
$35,000 · Tristone Community 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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