Back to Search
Property profile & analytics
OFF-MARKET
Office buildings
222 Southside Ave Mooresville, NC 28115-3235
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US53-5150852
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Total area
1,830 SF
Lot
0.3 ac (13,068 SF)
Zoning code
DE
APN
4656-79-8340.000
UPID
US53-5150852
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
-
Christian Counselors Of Mooresville Counselor Marriage Or Relationship Counselor
-
Ketchie, Vincent, LCMHC Counselor Marriage Or Relationship Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Quitman Properties LLC · 16 yrs held
Quitman Properties LLC
since 2010
7 recorded transactions
Zoning & alternative use
DE · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Town Board of Commissioners i s authorized to review and deci de applications for Conditional Use Permits in accordance with this section. Only those uses identified as Conditional Uses in the Table of Allowed Uses, are authorized to be considered as Conditional Uses under this
Zone name
Downtown Extension
General category
COMMERCIAL
Zone area
213.83 ac
Source
Layer: Town Zoning (ID: 3)
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,042
Tax year 2023
Assessed value
$91,550
Assessed 2023
Previous assessed
$77,730
+17.8% YoY
Effective rate
1.14%
On assessed value
Assessed land
$48,000
Assessed improvement
$43,550
Land market value
$48,000
Improvement market value
$43,550
Total market value
$91,550
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1920
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
1,830 SF
Lot
0.3 ac (13,068 SF)
Zoning code
DE
APN
4656-79-8340.000
UPID
US53-5150852
Jurisdiction
IREDELL
Zoning & alternative use
DE · Mooresville, NCZoning DE · permitted uses
DE · Mooresville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Town Board of Commissioners i s authorized to review and deci de applications for Conditional Use Permits in accordance with this section. Only those uses identified as Conditional Uses in the Table of Allowed Uses, are authorized to be considered as Conditional Uses under this
Zone name
Downtown Extension
General category
COMMERCIAL
Zone area
213.83 ac
Source
Layer: Town Zoning (ID: 3)
Building & site characteristics
From public records
Year built
1920
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Quitman Properties LLC
Entity
Mailing address
222 SOUTHSIDE AVE, MOORESVILLE, NC 28115-3235
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
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
Apr 14, 2010
—
Quitman Properties LLC
Ketchie,ervin V & Laura C
Warranty Deed
—
Jun 29, 2009
$109,000
Ervin V Ketchie
Derupo,robert & Nadiya
Warranty Deed
$92,650 · Piedmont Bank
Oct 1, 2007
$99,000
Robert Derupo
Crabb Family Investments LLC
Warranty Deed
$89,100 · Wells Fargo Bank
Aug 27, 2004
—
Crabb Family Investments LLC
Brown,a L JR & Patricia P
Warranty Deed
related
—
Jan 9, 1988
$33,500
Rhonda W Hughes
Unknown
Grant Deed
—
—
—
Alpheus L Brown JR.
—
Deed Of Trust
related
$86,000 · Wachovia Mortgage Co
—
—
A L Brown JR.
—
Deed Of Trust
related
$10,000 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 222 Southside Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
