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Property profile & analytics
OFF-MARKET
Office buildings
147 Ctr Ave Mooresville, NC 28115-2513
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-1263820
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1941
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,230 SF
Lot
0.06 ac (2,701 SF)
Zoning code
TD
APN
4667-11-1652.000
UPID
US53-1263820
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
-
Franklin Place Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jacob Amon LLC · 7 yrs held
Jacob Amon LLC
since 2018
2 recorded transactions
Zoning & alternative use
TD · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The TD (Traditional Downtown) district is intended to support and preserve the urban form of downtown Mooresville. District standards support the development of the downtown as a focal point in Mooresville with an intense mix of office, retail, service, restaurant, entertainment, cultural, civic, and residential development that cohesively preserve the distr…
Zone name
Traditional Downtown
General category
MIXED_USE
Zone area
142.26 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,862
Tax year 2023
Assessed value
$223,810
Assessed 2023
Previous assessed
$155,000
+44.4% YoY
Effective rate
1.28%
On assessed value
Assessed land
$24,800
Assessed improvement
$199,010
Land market value
$24,800
Improvement market value
$199,010
Total market value
$223,810
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1941
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Rooms
8
Bathrooms
2
Total area
4,230 SF
Lot
0.06 ac (2,701 SF)
Zoning code
TD
APN
4667-11-1652.000
UPID
US53-1263820
Jurisdiction
IREDELL
Zoning & alternative use
TD · Mooresville, NCZoning TD · permitted uses
TD · Mooresville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The TD (Traditional Downtown) district is intended to support and preserve the urban form of downtown Mooresville. District standards support the development of the downtown as a focal point in Mooresville with an intense mix of office, retail, service, restaurant, entertainment, cultural, civic, and residential development that cohesively preserve the districts character as a historic, walkable center of activity. The district allows a mix of retail, restaurant, entertainment, and institutional development, as well as medium to highdensity residential uses. Vertical mixed use development with residential uses above ground floor nonresidential development is encouraged.
Zone name
Traditional Downtown
General category
MIXED_USE
Zone area
142.26 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1941
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Jacob Amon LLC
Entity
Mailing address
116 S MAIN ST STE #101, MOORESVILLE, NC 28115-2372
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2018
$170,000
Jacob Amon LLC
Orld Media Ents INC
Warranty Deed
$196,896 · Carter Bk&tr
Jul 5, 2012
$1,324,500
World Media Ents INC
Media General Operations INC
Grant Deed
related
—
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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