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Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Auto shops
222 Pitt Rd, Mooresville, NC 28115-6783
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-0836110
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2001
Total area
13,500 SF
Lot
1.83 ac (79,715 SF)
Zoning code
IND
APN
230 067
UPID
US53-0836110
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
$2.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.56M
Owner & transaction history
Nmd Property LLC · 5 yrs held
Nmd Property LLC
since 2020
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
IND · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.4M
+61.9%
Commercial (general)
$2.3M
+55.4%
Medical building
$1.9M
+26.2%
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
$2,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,510,000
Current use
OFFICE BUILDING
$2,440,000
Change: +62% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,345,000
Change: +55% · Conversion: Moderate
MEDICAL BUILDING
$1,905,000
Change: +26% · Conversion: Difficult
RESTAURANT
$1,620,000
Change: +8% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,420,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±10% · vs last sale $1.58M (Dec 8 2020)
Last sale anchor
$1.58M
Dec 8 2020
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
$115 / 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
$4,351
Tax year 2023
Assessed value
$642,164
Assessed 2023
Previous assessed
$640,385
+0.3% YoY
Effective rate
0.68%
On assessed value
Assessed land
$110,000
Assessed improvement
$532,164
Land market value
$110,000
Improvement market value
$532,164
Total market value
$642,164
Applied tax rate
124.0000
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
2001
Heating
YES
Stories
1
Units
1
Total area
13,500 SF
Lot
1.83 ac (79,715 SF)
Zoning code
IND
APN
230 067
UPID
US53-0836110
Jurisdiction
ROWAN
Zoning & alternative use
IND · Mooresville, NC
Zoning IND · permitted uses
IND · 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
$1.5M
OFFICE BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$1.9M
RESTAURANT
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.4M
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
WAREHOUSE, STORAGE
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
2001
Heating
YES
Stories
1
Units
1
Lot
1.83 ac
Current owner
From public records · entity-resolved
Nmd Property LLC
Entity
Free & Clear · 5 yrs held
Mailing address
113 NAUTICAL PT CT, MOORESVILLE, NC 28117-7521
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2020
—
Nmd Property LLC
Jjh Motorsports LLC
Warranty Deed
related
—
Mar 22, 2019
$1,575,000
Jjh Motorsports LLC
Pit Shinn LLC
Warranty Deed
—
Feb 13, 2017
—
Pit Shinn LLC
Key,curtis W SR
Warranty Deed
—
Jan 17, 2006
$1,225,000
Curtis W Key SR.
D & Tnc Investments LLC
Warranty Deed
—
—
—
Pit Shinn LLC
—
Deed Of Trust
related
$803,155 · Suntrust Bk
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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