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Property profile & analytics
OFF-MARKET
Estimated value
$1,960,000
Auto shops
185 Mckenzie Rd Mooresville, NC 28115-7976
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US53-2357914
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2008
Construction
CONCRETE
Total area
20,556 SF
Lot
5.35 ac (233,046 SF)
Zoning code
IN
APN
4668-04-3916.000
UPID
US53-2357914
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
-
Detroit Speed Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$1.96M
Owner & transaction history
Jv Industries LLC · 20 yrs held
Jv Industries LLC
since 2006
7 recorded transactions
Zoning & alternative use
IN · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.1M
+34.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,295,000
Current use
RETAIL STORES
$3,095,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$1.96M
Range $1.76M – $2.16M · ±10%
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
$95 / 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
$23,208
Tax year 2023
Assessed value
$2,038,320
Assessed 2023
Previous assessed
$1,606,620
+26.9% YoY
Effective rate
1.14%
On assessed value
Assessed land
$300,940
Assessed improvement
$1,737,380
Land market value
$300,940
Improvement market value
$1,737,380
Total market value
$2,038,320
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
4
Bathrooms
2
Total area
20,556 SF
Lot
5.35 ac (233,046 SF)
Zoning code
IN
APN
4668-04-3916.000
UPID
US53-2357914
Jurisdiction
IREDELL
Zoning & alternative use
IN · Mooresville, NC
Zoning IN · permitted uses
IN · 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
AUTO REPAIR, GARAGE Current
Est. value
$2.3M
RETAIL STORES
Est. value
$3.1M
AUTO REPAIR, GARAGE 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
2008
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
4
Bathrooms
2
Lot
5.35 ac
Current owner
From public records · entity-resolved
Jv Industries LLC
Entity
Mailing address
185 MCKENZIE RD, MOORESVILLE, NC 28115-7976
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
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
Jul 17, 2017
—
Jv Industrues LLC
—
Deed
related
$325,000 · Wells Fargo Bank NA
Jun 9, 2006
$215,000
Jv Industries LLC
Custom Veneers INC
Warranty Deed
$193,500 · Rbc Centura Bank
Feb 2, 2004
$730,000
Jv Industries LLC
Martin,david P & Geraldine A
Warranty Deed
$657,000 · Rbc Centura Bank
Jan 28, 2004
$730,000
Jv Industries LLC
Martin,david P
Trustees Deed
—
—
—
Jv Industries LLC
—
Loan Modification
related
$750,000 · Rbc Centura Bk
—
—
Jv Industries LLC
—
Deed Of Trust
related
$230,000 · Wells Fargo Bk/tx
—
—
Jv Industries LLC
—
Deed Of Trust
related
$1,347,000 · Wells Fargo Bk/tx
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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