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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Warehouses
171 Byers Crk Rd Ste 102 Mooresville, NC 28117-5300
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-3693543
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Construction
STONE
Total area
7,209 SF
Lot
1.59 ac (69,260 SF)
Zoning code
HLI
APN
4647-99-2537.102
UPID
US53-3693543
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$805k
Comparable Approach
Comparable
$502k
Blend (final)
Blend
$655k
Owner & transaction history
N Five Properties LLC · 4 yrs held
N Five Properties LLC
since 2021
Last sale
$664,000
7 recorded transactions
Zoning & alternative use
HLI · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+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
$690,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$875,000
6.5%
$805,000
7%
$750,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,000,000
Current use
RETAIL STORES
$1,085,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $664k (Sep 24 2021)
Last sale anchor
$664k
Sep 24 2021
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
$91 / 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
$7,628
Tax year 2023
Assessed value
$775,530
Assessed 2023
Previous assessed
$675,940
+14.7% YoY
Effective rate
0.98%
On assessed value
Assessed land
$151,050
Assessed improvement
$624,480
Land market value
$151,050
Improvement market value
$624,480
Total market value
$775,530
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
Bathrooms
2
Total area
7,209 SF
Lot
1.59 ac (69,260 SF)
Zoning code
HLI
APN
4647-99-2537.102
UPID
US53-3693543
Jurisdiction
IREDELL
Zoning & alternative use
HLI · Mooresville, NC
Zoning HLI · permitted uses
HLI · 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
$1.0M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE Current
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
Bathrooms
2
Lot
1.59 ac
Current owner
From public records · entity-resolved
N Five Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
171 UNIT 102ND BYERS CRK PROPE 354TH KENWAY LOOP UNIT, MOORESVILLE, NC 28117
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Sep 24, 2021
—
N Five Properties LLC
171 Unit 102 Byers Creek Property L
Intrafamily Transfer
related
—
Feb 9, 2021
$664,000
171 Unit 102 Byers Creek Property L
Carolina Wild 1 LLC
Special Warranty Deed
$663,750 · First Bank
Aug 31, 2017
—
Carolina Wild 1 LLC
Evi Properties II LLC
Warranty Deed
—
Nov 26, 2014
$833,000
Evi Properties II LLC
Evi Properties LLC
Warranty Deed
—
Jan 31, 2013
$405,000
Evi Properties LLC
Calero Investments LLC
Warranty Deed
—
Jun 23, 2006
$599,000
Calero Investments LLC
Speed Investments LLC
Warranty Deed
—
Oct 4, 2004
$572,000
Speed Investments LLC
Park West Investments INC
Warranty Deed
$535,000 · Cit Small Business Lending Co
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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