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Property profile & analytics
OFF-MARKET
Estimated value
$3,585,000
Warehouses
196 Plz Dr, Mooresville, NC 28115-8042
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0188553
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1995
Construction
STONE
Total area
18,170 SF
Lot
4.11 ac (179,032 SF)
Zoning code
CC
APN
4657-53-6769.000
UPID
US53-0188553
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
-
Go Store It Self Storage Storage Facility
-
Elite promotionals Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.68M
CAP Approach
CAP
$2.39M
Comparable Approach
Comparable
$2.70M
Blend (final)
Blend
$3.59M
Owner & transaction history
Go Store It Charlotte Dst · 4 yrs held
Go Store It Charlotte Dst
since 2022
Last sale
$4.4M
6 recorded transactions
Zoning & alternative use
CC · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$5.7M
+195.7%
Restaurant
$4.4M
+130.1%
Medical building
$3.5M
+85.4%
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
$4,000,000
ML approach
$3,680,000
CAP Approach
CAP Return
Estimation
6%
$2,580,000
6.5%
$2,385,000
7%
$2,215,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,655,000
Change: +196% · Conversion: Easy
RESTAURANT
$4,400,000
Change: +130% · Conversion: Difficult
MEDICAL BUILDING
$3,545,000
Change: +85% · Conversion: Difficult
OFFICE BUILDING
$3,285,000
Change: +72% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,155,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$2,735,000
Change: +43% · Conversion: Moderate
Blend value · Realmo final
$3.59M
Range $3.23M – $3.94M · ±10% · vs last sale $4.38M (Jan 10 2022)
Last sale anchor
$4.38M
Jan 10 2022
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
$197 / 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
$35,953
Tax year 2023
Assessed value
$3,157,670
Assessed 2023
Previous assessed
$2,029,790
+55.6% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,274,100
Assessed improvement
$1,883,570
Land market value
$1,274,100
Improvement market value
$1,883,570
Total market value
$3,157,670
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Construction
STONE
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
122
Rooms
2
Bathrooms
1
Total area
18,170 SF
Lot
4.11 ac (179,032 SF)
Zoning code
CC
APN
4657-53-6769.000
UPID
US53-0188553
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$5.7M
RESTAURANT
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.2M
RETAIL STORES
Est. value
$2.7M
INDUSTRIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1995
Construction
STONE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
122
Rooms
2
Bathrooms
1
Lot
4.11 ac
Current owner
From public records · entity-resolved
Go Store It Charlotte Dst
Individual
Free & Clear · 4 yrs held
Mailing address
6805 CARNEGIE BLVD STE #250, CHARLOTTE, NC 28211-4276
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2022
$4,375,000
Go Store It Charlotte Dst
Go Store It Mooresville LLC
Special Warranty Deed
—
Aug 31, 2018
$3,261,500
Go Store It Mooresville LLC
196 Plaza LLC
Grant Deed
$9,000,000 · Grass Riv R/e Credit Ptrs Ln F
Aug 31, 2018
—
Mooresville Storage LP LLC
196 Plaza LLC
Quit Claim Deed
—
Mar 7, 2016
$2,015,000
196 Plaza LLC
Wasserpach III LLC
Grant Deed
$1,530,894 · Branch Bk&tr
Jan 31, 2006
$2,075,000
Wasserpach III LLC
Handy Attic LLC
Warranty Deed
$1,550,000 · Column Financial INC
May 10, 2000
$1,300,000
Handy,attic LLC
Baswell,kenneth
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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