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Property profile & analytics
OFF-MARKET
Estimated value
$3,135,000
Flex space
2201 Mocaro Dr, Statesville, NC 28677-3668
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-2155148
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
154,600 SF
Lot
18.32 ac (797,932 SF)
Zoning code
LI
APN
4724-85-4637.000
UPID
US53-2155148
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
-
Napping & Shearing Big Box & Wholesale Store
-
Mocaro Dyeing Finishing Mill Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.63M
Blend (final)
Blend
$3.14M
Owner & transaction history
Mocaro Drive LLC · 4 yrs held
Mocaro Drive LLC
since 2022
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
LI · Statesville, 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 Statesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Statesville 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
$2,780,000
ML approach
$3,275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.14M
Range $2.82M – $3.45M · ±10% · vs last sale $3.50M (Jun 10 2022)
Last sale anchor
$3.50M
Jun 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
$20 / 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
$36,640
Tax year 2023
Assessed value
$3,600,650
Assessed 2023
Previous assessed
$2,037,910
+76.7% YoY
Effective rate
1.02%
On assessed value
Assessed land
$274,770
Assessed improvement
$3,325,880
Land market value
$274,770
Improvement market value
$3,325,880
Total market value
$3,600,650
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
NONE
Stories
1
Bathrooms
2
Total area
154,600 SF
Lot
18.32 ac (797,932 SF)
Zoning code
LI
APN
4724-85-4637.000
UPID
US53-2155148
Jurisdiction
IREDELL
Zoning & alternative use
LI · Statesville, NC
Zoning LI · permitted uses
LI · Statesville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Statesville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
18.32 ac
Current owner
From public records · entity-resolved
Mocaro Drive LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1500 BUSH ST, BALTIMORE, MD 21230-1917
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2022
—
Mocaro Drive LLC
Lapa LLC
Deed
—
Jun 10, 2022
$3,500,000
Mocaro Drive LLC
Lapa LLC
Special Warranty Deed
—
Dec 17, 2018
—
Lapa LLC
—
Deed
related
$3,877,500 · First Bk Fin'l Ctr
Dec 20, 2016
$1,925,000
Lapa LLC
Kumy Properties LLC
Warranty Deed
$2,050,000 · * Other Institutional Lenders
Sep 6, 2016
—
Mocaro Dyeing & Finishing INC
—
Trustees Deed
related
$600,000 · Lance Dunn
Nov 13, 2015
—
Kumy Properties LLC
—
Trustees Deed
related
$1,825,000 · Pender Cap Asset Based Lending
Aug 13, 2014
$1,095,000
Kumy Properties LLC
Mdf Properties Rllp
Grant Deed
$1,535,000 · Mdf Properties Rllp
—
—
Lapa LLC
—
Deed Of Trust
related
$3,877,500 · First Bk Fin'l Ctr
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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