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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Day care centers
149 Riv Park Rd, Mooresville, NC 28117-8929
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0617096
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2001
Construction
STONE
Total area
8,256 SF
Lot
1.1 ac (47,916 SF)
Zoning code
GB
APN
4637-39-4504.000
UPID
US53-0617096
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
-
Cline Learning Center Inc Training Center Tutoring Service
-
The Academy of Lake Norman Child Development Center Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$815k
Blend (final)
Blend
$965k
Owner & transaction history
Cline Properties LLC · 4 yrs held
Cline Properties LLC
since 2022
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
GB · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.6M
+143.2%
Office building
$1.5M
+129.8%
Commercial (general)
$1.1M
+73.6%
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
$960,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$645,000
Current use
INDUSTRIAL (GENERAL)
$1,570,000
Change: +143% · Conversion: Difficult
OFFICE BUILDING
$1,485,000
Change: +130% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,120,000
Change: +74% · Conversion: Difficult
RESTAURANT
$860,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$670,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$635,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±10% · vs last sale $1.05M (Apr 12 2022)
Last sale anchor
$1.05M
Apr 12 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
$117 / 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
$6,552
Tax year 2023
Assessed value
$1,110,570
Assessed 2023
Previous assessed
$883,990
+25.6% YoY
Effective rate
0.59%
On assessed value
Assessed land
$261,250
Assessed improvement
$849,320
Land market value
$261,250
Improvement market value
$849,320
Total market value
$1,110,570
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2001
Construction
STONE
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
2
Units
7
Rooms
3
Bathrooms
3
Total area
8,256 SF
Lot
1.1 ac (47,916 SF)
Zoning code
GB
APN
4637-39-4504.000
UPID
US53-0617096
Jurisdiction
IREDELL
Zoning & alternative use
GB · Mooresville, NC
Zoning GB · permitted uses
GB · 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$645,000
INDUSTRIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RESTAURANT
Est. value
$860,000
RETAIL STORES
Est. value
$670,000
MEDICAL BUILDING
Est. value
$635,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
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
2001
Construction
STONE
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
7
Rooms
3
Bathrooms
3
Lot
1.1 ac
Current owner
From public records · entity-resolved
Cline Properties LLC
Entity
Mailing address
113 CHERRY ST #88284, SEATTLE, WA 98104-2205
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2022
$1,050,000
Cline Properties LLC
149 River Park Road LLC
Special Warranty Deed
$926,470 · First Citizens Bank & Trust Co
Jul 25, 2017
—
149 River Park Road LLC
1241 Central Park LLC
Warranty Deed
related
—
Jan 16, 2013
$350,000
1241 Central Park LLC
Crm Mid-atlantic Props LLC
Grant Deed
—
Feb 3, 2012
$660,000
Crm Mid-atlantic Props LLC
Dakr LLC
Grant Deed
—
Apr 12, 2004
$1,210,000
Dakr LLC
Walnut Group LLC
Warranty Deed
$968,000 · Central Carolina Bank & Trust
Apr 8, 2004
$1,210,000
Dakr LLC
The Walnut Group
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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