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Property profile & analytics
OFF-MARKET
Estimated value
$20,195,000
Auto shops
186 Penske Way 200 Mooresville, NC 28115-8094
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2439834
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1990
Construction
STEEL FRAME
Total area
339,265 SF
Lot
61.75 ac (2,689,743 SF)
Zoning code
IN
APN
4668-86-0176.000
UPID
US53-2439834
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
-
Ilmor Marine Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.02M
Blend (final)
Blend
$20.20M
Owner & transaction history
Penske Realty INC · 20 yrs held
Penske Realty INC
since 2005
4 recorded transactions
Zoning & alternative use
IN · 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
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
Blend value · Realmo final
$20.20M
Range $18.18M – $22.21M · ±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
$60 / 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
$243,696
Tax year 2023
Assessed value
$21,403,100
Assessed 2023
Previous assessed
$20,491,760
+4.4% YoY
Effective rate
1.14%
On assessed value
Assessed land
$2,933,030
Assessed improvement
$18,470,070
Land market value
$2,933,030
Improvement market value
$18,470,070
Total market value
$21,403,100
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
1990
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Rooms
55
Bathrooms
6
Total area
339,265 SF
Lot
61.75 ac (2,689,743 SF)
Zoning code
IN
APN
4668-86-0176.000
UPID
US53-2439834
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.
Building & site characteristics
From public records
Year built
1990
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Rooms
55
Bathrooms
6
Lot
61.75 ac
Current owner
From public records · entity-resolved
Penske Realty INC
Entity
Mailing address
2555 S TELEGRAPH RD, BLOOMFLD HLS, MI 48302-0912
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2005
—
Penske Realty INC
Penske Racing South INC
Quit Claim Deed
related
$18,938,000 · Wachovia Bank NA
Jul 30, 2004
$7,000,000
Penske Racing South INC
Matsushita Compressor Corp Of Ame
Grant Deed
—
Jul 30, 2004
—
Penske Racing South INC
Matsushita Compressor Corp Of Ame
Trustees Deed
$5,600,000 · Wachovia Bank NA
—
—
Penske Realty INC
—
Deed Of Trust
related
$3,787,541 · Wachovia Bank NA
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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