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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Flex space
242 Rolling Hl Rd, Mooresville, NC 28117-6845
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-2477870
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1990
Construction
STONE
Total area
10,000 SF
Lot
1.09 ac (47,480 SF)
Zoning code
HLI
APN
4647-63-4684.000
UPID
US53-2477870
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
-
Citybound Limo - Lake Norman Wedding Service Limousine Service
-
S & F START & FINISH MOBILE DETAILS Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$875k
Owner & transaction history
242 Rolling Hill Road LLC · 5 yrs held
242 Rolling Hill Road LLC
since 2021
Last sale
$871,500
4 recorded transactions
Zoning & alternative use
HLI · 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
$905,000
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
$1,100,000
6.5%
$1,015,000
7%
$940,000
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $872k (May 27 2021)
Last sale anchor
$872k
May 27 2021
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
$88 / 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
$7,091
Tax year 2023
Assessed value
$622,760
Assessed 2023
Previous assessed
$584,990
+6.5% YoY
Effective rate
1.14%
On assessed value
Assessed land
$313,920
Assessed improvement
$308,840
Land market value
$313,920
Improvement market value
$308,840
Total market value
$622,760
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
1990
Construction
STONE
Heating
RADIANT
Cooling
NONE
Stories
1
Bathrooms
2
Total area
10,000 SF
Lot
1.09 ac (47,480 SF)
Zoning code
HLI
APN
4647-63-4684.000
UPID
US53-2477870
Jurisdiction
IREDELL
Zoning & alternative use
HLI · Mooresville, NC
Zoning HLI · permitted uses
HLI · 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
STONE
Heating
RADIANT
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.09 ac
Current owner
From public records · entity-resolved
242 Rolling Hill Road LLC
Entity
Free & Clear · 5 yrs held
Mailing address
117 CROSSLAKE PARK DR, MOORESVILLE, NC 28117-8016
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
May 27, 2021
$871,500
242 Rolling Hill Road LLC
Q7 Ventures LLC
Special Warranty Deed
—
Jun 20, 2019
—
Q7 Ventures LLC
—
Deed
related
$60,453 · First Nat'l Bk/pa
—
—
Q7 Ventures LLC
—
Deed Of Trust
related
$60,453 · First Nat'l Bk/pa
—
—
Q7 Ventures LLC
—
Deed Of Trust
related
$120,000 · Yadkin 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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