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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Warehouses
167 Riv Park Rd 165, Mooresville, NC 28117-8929
Entity Owned
Free & Clear
Property ID
US53-0684253
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Construction
STONE
Total area
9,822 SF
Lot
0.95 ac (41,382 SF)
Zoning code
GB
APN
4637-39-2280.000
UPID
US53-0684253
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
-
Presentation Systems South, LLC Training Center
-
Factory Cleaning Equipment by Jon-Don Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.97M
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
$1.78M
Blend (final)
Blend
$1.48M
Owner & transaction history
Solomon Real Estate Holdings LLC
Solomon Real Estate Holdings LLC
since 2026
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
GB · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+74.9%
Medical building
$1.9M
+40.9%
Retail stores
$1.5M
+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
$1,975,000
ML approach
$1,970,000
CAP Approach
CAP Return
Estimation
6%
$1,190,000
6.5%
$1,100,000
7%
$1,020,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,360,000
Current use
RESTAURANT
$2,380,000
Change: +75% · Conversion: Difficult
MEDICAL BUILDING
$1,915,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$1,480,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±10% · vs last sale $1.35M (Mar 4 2020)
Last sale anchor
$1.35M
Mar 4 2020
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
$150 / 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
$7,441
Tax year 2023
Assessed value
$1,261,160
Assessed 2023
Previous assessed
$909,030
+38.7% YoY
Effective rate
0.59%
On assessed value
Assessed land
$296,880
Assessed improvement
$964,280
Land market value
$296,880
Improvement market value
$964,280
Total market value
$1,261,160
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
2005
Construction
STONE
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Bathrooms
1
Total area
9,822 SF
Lot
0.95 ac (41,382 SF)
Zoning code
GB
APN
4637-39-2280.000
UPID
US53-0684253
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
WAREHOUSE, STORAGE Current
Est. value
$1.4M
RESTAURANT
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.5M
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
2005
Construction
STONE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Solomon Real Estate Holdings LLC
Entity
Free & Clear · 0 yrs held
Mailing address
167 RIV PARK RD, MOORESVILLE, NC 28117-8929
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2026
—
Solomon Real Estate Holdings LLC
Col 323 LLC
Deed
—
Dec 15, 2025
$1,670,000
Solomon Holding Company LLC
Col 323 LLC
Warranty Deed
$1,860,000 · First Internet Bank Of Indiana
Mar 4, 2020
$1,350,000
Col 323 LLC
Traboh3 LLC
Grant Deed
$691,000 · Live Oak Bkg
May 23, 2014
$1,025,000
Traboh3 LLC
Whirl Properties LLC
Warranty Deed
$871,250 · First Citizens Bank And Trust Co In
Jun 10, 2010
—
Whirl Properties LLC
Eac Rev No 18 LLC
Warranty Deed
related
—
Jan 7, 2010
—
Willis I Spivey
Eac Rev No 18 LLC
Grant Deed
related
—
Dec 30, 2009
$575,000
Eac Rev #18 LLC
Peoples Bank
Special Warranty Deed
$575,000 · Branch Banking And Trust Co
Sep 11, 2009
$575,000
Bk Peoples
Kellam & Pettit Pa
Trustees Deed
related
—
Jan 5, 2007
—
James M Paxton
Paxton,james M
Quit Claim Deed
related
—
Dec 3, 2004
—
North Harbor Holdings LLC
Paxton,james M & Cathy W
Warranty Deed
related
$489,800 · Peoples Bank & Trust
Dec 8, 2003
$125,000
James M Paxton
Wrk LLC
Grant Deed
—
—
—
Whirl Properties LLC
—
Deed Of Trust
related
$100,426 · Branch Banking & Trust Co
—
—
North Harbor Holdings LLC
—
Deed Of Trust
related
$678,902 · Peoples Bank & Trust
—
—
North Harbor Holdings LLC
—
Deed Of Trust
related
$100,000 · Peoples Bank & Trust
—
—
North Harbor Holdings LLC
—
Deed Of Trust
related
$150,000 · First National Bank
—
—
North Harbor Holdings LLC
—
Deed Of Trust
related
$572,800 · Peoples Bank & Trust
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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