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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Warehouses
1453 Perth Rd Mooresville, NC 28117-8441
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2637681
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Construction
STONE
Total area
6,000 SF
Lot
4.07 ac (177,289 SF)
Zoning code
CB CD
APN
4649-06-3919.000
UPID
US53-2637681
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
-
Lake Norman Plants and Produce Food Market Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$960k
CAP Approach
CAP
$670k
Comparable Approach
Comparable
$573k
Blend (final)
Blend
$945k
Owner & transaction history
Jm Electric LLC · 2 yrs held
Jm Electric LLC
since 2023
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
CB CD · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+74.9%
Medical building
$1.2M
+40.9%
Retail stores
$905,000
+8.8%
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
$1,010,000
ML approach
$960,000
CAP Approach
CAP Return
Estimation
6%
$725,000
6.5%
$670,000
7%
$625,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$830,000
Current use
RESTAURANT
$1,455,000
Change: +75% · Conversion: Difficult
MEDICAL BUILDING
$1,170,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$905,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10% · vs last sale $900k (Oct 5 2023)
Last sale anchor
$900k
Oct 5 2023
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
$158 / 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
$1,776
Tax year 2023
Assessed value
$295,920
Assessed 2023
Previous assessed
$304,090
-2.7% YoY
Effective rate
0.60%
On assessed value
Assessed land
$191,290
Assessed improvement
$104,630
Land market value
$191,290
Improvement market value
$104,630
Total market value
$295,920
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
2003
Construction
STONE
Heating
YES
Cooling
YES
Stories
1
Total area
6,000 SF
Lot
4.07 ac (177,289 SF)
Zoning code
CB CD
APN
4649-06-3919.000
UPID
US53-2637681
Jurisdiction
IREDELL
Zoning & alternative use
CB CD · Mooresville, NC
Zoning CB CD · permitted uses
CB CD · 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
$830,000
RESTAURANT
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$905,000
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
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
2003
Construction
STONE
Heating
YES
Cooling
Yes
Stories
1
Lot
4.07 ac
Current owner
From public records · entity-resolved
Jm Electric LLC
Entity
Free & Clear · 2 yrs held
Mailing address
6629 E OLD US 421ST HWY, EAST BEND, NC 27018-8733
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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 5, 2023
$900,000
Jm Electric LLC
Marie Godwin
Warranty Deed
—
Oct 3, 2023
—
Marie Godwin
Kevin T Godwin
Intrafamily Transfer
related
—
Jun 1, 2015
$100,000
Gus T Godwin
Beck Louise S Living Trust
Warranty Deed
—
Jun 1, 2015
$80,000
Gus T Godwin
Godwin Hazel A
Warranty Deed
related
—
Mar 6, 2013
—
Godwin,hazel A Living Trust
Godwin,hazel A
Quit Claim Deed
related
—
Feb 10, 2012
$210,000
Gus T Godwin
Atlas Nc I Spe LLC
Grant Deed
—
Apr 21, 2011
$320,000
Atlas Nc I Spe LLC
Simpson,david A
Trustees 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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