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Property profile & analytics
OFF-MARKET
Garden apartment buildings
175 Carriage Clb Dr, Mooresville, NC 28117-9003
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1610820
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1999
Construction
WOOD
Total area
8,842 SF
Lot
22.5 ac (980,231 SF)
Zoning code
CC
APN
4647-49-6356.000
UPID
US53-1610820
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
-
Derek Switzer Web Design Marketing & Advertising
-
Revive Carpet Cleaning Carpet Cleaning Service
-
Avana Landing Real Estate Agency
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
Gep X Landing Owner LP · 4 yrs held
Gep X Landing Owner LP
since 2021
Last sale
$64.5M
7 recorded transactions
Zoning & alternative use
CC · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$489,600
Tax year 2023
Assessed value
$48,141,490
Assessed 2023
Previous assessed
$30,359,580
+58.6% YoY
Effective rate
1.02%
On assessed value
Assessed land
$4,680,620
Assessed improvement
$43,460,870
Land market value
$4,680,620
Improvement market value
$43,460,870
Total market value
$48,141,490
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1999
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
16
Stories
3
Units
8
Bathrooms
2
Total area
8,842 SF
Lot
22.5 ac (980,231 SF)
Zoning code
CC
APN
4647-49-6356.000
UPID
US53-1610820
Jurisdiction
IREDELL
Zoning & alternative use
CC · Mooresville, NC
Zoning CC · permitted uses
CC · 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.
Building & site characteristics
From public records
Year built
1999
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
16
Units
8
Bathrooms
2
Lot
22.5 ac
Current owner
From public records · entity-resolved
Gep X Landing Owner LP
Entity
Mailing address
465 MEETING ST STE #500, CHARLESTON, SC 29403-7123
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
Nov 12, 2021
$64,500,000
Gep X Landing Owner LP
Mooresville Apt Owner LLC
Special Warranty Deed
$42,082,000 · New York Life Insurance Company
Nov 12, 2021
—
Gep X Landing Owner LP
Mooresville Apt Owner LLC
Deed
—
Jun 11, 2019
$38,850,000
Mooresville Apt Owner LLC
Hm Mooresville LLC
Grant Deed
related
$27,195,000 · Cbre Cap Markets
Dec 12, 2016
$32,830,000
Hm Mooresville LLC
Bbr Of Carriage Club LLC
Trustees Deed
$49,245,000 · Keybank USA
Dec 12, 2016
—
Hm Mooresville LLC
Bbr Of Carriage Club LLC
Quit Claim Deed
related
—
Mar 23, 2007
—
Bbr Of Carriage Club LLC
Bnp Of Carriage Club LLC
Grant Deed
$25,720,000 · Column Financial INC
Jun 29, 2004
$19,650,000
Bnp Carriage Club LLC
Carriage Club At
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.
Try Rey
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