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Property profile & analytics
FOR LEASE
Office buildings
149 Plantation Ridge Dr, Mooresville, NC 28117
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0728018
For Lease
1 / 2
$24 SF/Yr
149 Plantation Ridge Dr, Mooresville, NC 28117
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,820 SF
Lot
1.7 ac (74,052 SF)
Zoning code
CM
APN
4647-14-6961.000
UPID
US53-0728018
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
-
AudPractice Group LLC Corporate Office
-
Susan Claire Yanik Physician
-
National Service Alliance Association / Organization
-
Justin Mcgrath Physician
-
Carolinas Center for Oral and Facial Surgery Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.84M
CAP Approach
CAP
$5.42M
Comparable Approach
Comparable
$3.76M
Blend (final)
Blend
$4.01M
Owner & transaction history
Fsp Holdings 1 LLC · 4 yrs held
Fsp Holdings 1 LLC
since 2022
Last sale
$4.3M
4 recorded transactions
Zoning & alternative use
CM · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$6.0M
+6.3%
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
$3,910,000
ML approach
$3,840,000
CAP Approach
CAP Return
Estimation
6%
$5,870,000
6.5%
$5,415,000
7%
$5,030,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,640,000
Current use
INDUSTRIAL (GENERAL)
$6,000,000
Change: +6% · Conversion: Difficult
RESTAURANT
$4,555,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$4.01M
Range $3.61M – $4.41M · ±10% · vs last sale $4.28M (Mar 31 2022)
Last sale anchor
$4.28M
Mar 31 2022
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
$213 / 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
$37,119
Tax year 2023
Assessed value
$3,773,740
Assessed 2023
Previous assessed
$2,844,770
+32.7% YoY
Effective rate
0.98%
On assessed value
Assessed land
$652,800
Assessed improvement
$3,120,940
Land market value
$652,800
Improvement market value
$3,120,940
Total market value
$3,773,740
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
For Lease
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
4
Rooms
4
Bathrooms
1
Total area
18,820 SF
Lot
1.7 ac (74,052 SF)
Zoning code
CM
APN
4647-14-6961.000
UPID
US53-0728018
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
OFFICE BUILDING Current
Est. value
$5.6M
INDUSTRIAL (GENERAL)
Est. value
$6.0M
RESTAURANT
Est. value
$4.6M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
RESTAURANT
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
4
Rooms
4
Bathrooms
1
Lot
1.7 ac
Current owner
From public records · entity-resolved
Fsp Holdings 1 LLC
Entity
Mailing address
8840 BLAKENEY PROFESSIONAL DR STE #300, CHARLOTTE, NC 28277-6749
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2022
$4,275,000
Fsp Holdings 1 LLC
149 Plantation Ridge LLC
Special Warranty Deed
$3,490,000 · Southern First Bank NA
Jan 2, 2018
$2,950,000
149 Plantation Ridge LLC
Gss Mooresville LLC
Grant Deed
$1,300,000 · Summit Cmnty Bk
Jan 15, 2014
$3,000,000
Gss Mooresville LLC
Bad Bud Racing Team LLC
Warranty Deed
$4,000,000 · Wells Fargo Bk
Sep 30, 2009
$4,586,500
Bad Bud Racing Team LLC
Beacon Ventures LLC
Grant Deed
$3,063,700 · American Equity Inv Life Ins
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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