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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Commercial real estate
178 Main St Mooresville, NC 28115-2526
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-1123630
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,414 SF
Lot
0.09 ac (3,920 SF)
Zoning code
TD
APN
4667-12-3266.000
UPID
US53-1123630
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
$930k
CAP Approach
CAP
$755k
Comparable Approach
Comparable
$882k
Blend (final)
Blend
$930k
Owner & transaction history
The Entrust Group · 2 yrs held
The Entrust Group
since 2024
Last sale
$929,000
7 recorded transactions
Zoning & alternative use
TD · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$665,000
+12.4%
Office building
$615,000
+4.1%
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
$930,000
ML approach
$930,000
CAP Approach
CAP Return
Estimation
6%
$815,000
6.5%
$755,000
7%
$700,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$595,000
Current use
MEDICAL BUILDING
$665,000
Change: +12% · Conversion: Easy
OFFICE BUILDING
$615,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10% · vs last sale $929k (Apr 8 2024)
Last sale anchor
$929k
Apr 8 2024
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
$272 / 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
$7,531
Tax year 2023
Assessed value
$588,990
Assessed 2023
Previous assessed
$588,990
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$72,000
Assessed improvement
$516,990
Land market value
$72,000
Improvement market value
$516,990
Total market value
$588,990
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
NONE
Stories
2
Rooms
1
Bathrooms
1
Total area
3,414 SF
Lot
0.09 ac (3,920 SF)
Zoning code
TD
APN
4667-12-3266.000
UPID
US53-1123630
Jurisdiction
IREDELL
Zoning & alternative use
TD · Mooresville, NC
Zoning TD · permitted uses
TD · 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
COMMERCIAL (GENERAL) Current
Est. value
$595,000
MEDICAL BUILDING
Est. value
$665,000
OFFICE BUILDING
Est. value
$615,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE 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
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
1
Bathrooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
The Entrust Group
Entity
Free & Clear · 2 yrs held
Mailing address
555 12TH ST STE #900, OAKLAND, CA 94607-3637
Ownership since
2024
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
Apr 8, 2024
$929,000
The Entrust Group
Tibi Street Partners LLC
Special Warranty Deed
—
Dec 12, 2019
—
Tibi Street Partners LLC
Timothy D May
Warranty Deed
—
Sep 25, 2019
$200,000
Timothy D May
William Allen Construction LLC
Warranty Deed
—
Jun 2, 2017
$320,100
William-allen Construction LLC
Scholten LLC
Warranty Deed
—
Nov 9, 2001
—
Scholten LLC
Scholten,mark J
Quit Claim Deed
related
—
Oct 1, 1994
$38,500
Scholten LLC
—
Grant Deed
related
—
Jan 2, 1990
$31,000
Jack F Elliott
Unknown
Grant 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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