Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    244 Quality Dr Mocksville, NC 27028-4430

    • Warehouses
    • 129,600 SF
    • 16.29 lot acres
    OFF-MARKET
    Last Sale
    May 01, 2025
    $7,451,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0000983
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 244 Quality Dr

    Lot size
    16.29 lot acres
    Property size
    129,600 SF
    Property type
    Warehouses
    APN
    G30000008417
    APU
    G30000008417

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mocksville
    County
    Davie
    State
    North Carolina
    Longitude
    -80.6066
    Latitude
    35.9334
    CBSA code
    49180
    CBSA name
    WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,641
    $408,250
    $498,700
    $906,950
    -
    $408,250
    $498,700
    $906,950

    Comparable in this City

    • Value Estimation
      $295,000
      5,000 SF

      179 Adams Rd

      WAREHOUSE, STORAGE • 5,000 SF
      179 Adams Rd, Mocksville, NC 27028-5166
      View Details
    • Value Estimation
      $440,000
      20,000 SF

      125 Daniel Rd

      WAREHOUSE, STORAGE • 20,000 SF
      125 Daniel Rd, Mocksville, NC 27028-6639
      View Details
    • Value Estimation
      $310,000
      3,200 SF

      152 Loop St

      WAREHOUSE, STORAGE • 3,200 SF
      152 Loop St, Mocksville, NC 27028
      View Details
    • Value Estimation
      $1,000,000
      253,050 SF

      288 Quality Dr

      WAREHOUSE, STORAGE • 253,050 SF
      288 Quality Dr, Mocksville, NC 27028-4430
      View Details
    • Value Estimation
      $240,000
      2,100 SF

      473 Depot St

      WAREHOUSE, STORAGE • 2,100 SF
      473 Depot St, Mocksville, NC 27028-2418
      View Details
    • Value Estimation
      $315,000
      3,960 SF

      965 Salisbury Rd

      WAREHOUSE, STORAGE • 3,960 SF
      965 Salisbury Rd, Mocksville, NC 27028-9301
      View Details

    Similar Nearby for Sale

    • $10,895,000
      108,960 SF

      Modern Industrial Facility with Expansion Potential

      Completed in 2022, expandable industrial facility with modern amenities.
      234 Allen Rd, Mocksville, NC 27028
      View Details
    • Contact for pricing
      25,000 SF

      Historic Mill with Processing Plant

      Revitalized mill on 2.39 acres with processing equipment.
      496 E Depot St, Mocksville, NC 27028
      View Details
    • $210,000

      Storage Unit Investment Opportunity

      Income-producing storage unit building with office in Mocksville, North Carolina.
      149 Millwright Ct, Mocksville, NC 27028
      View Details
    • $643,500
      1.43 Acres

      Mocksville Commercial Land - 1.43 Acres

      Level lot, ready for development. Residential zoning.
      1173 Yadkinville Rd, Mocksville, NC 27028
      View Details
    • $489,900
      0.44 Acres

      Positioned in a high-traffic area with significant exposure and visibility. Opportunity for growth through additional services or expansion of current operations. Close proximity to shopping centers

      restaurants
      922 Yadkinville Rd, Mocksville, NC 27028
      View Details
    • Contact for pricing
      4.20 Acres

      4.2-Acre Commercial Land, Mocksville, NC

      Prime Commercial Land: High Traffic, Utilities Available
      901 Us Highway 64, Mocksville, NC 27028
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      185,742 SF

      Mocksville Warehouse Space Available

      ±109,397 SF Warehouse, Mocksville, NC
      521 Milling Rd, Mocksville, NC 27028
      View Details
    • $14 SF/Yr
      1,700 SF

      Mocksville Medical Office Building

      1,700 SF Medical Office - Fully Vacant
      118 Hospital St, Mocksville, NC 27028
      View Details
    • Contact for pricing
      46,174 SF

      Davie County Medical Redevelopment

      High-traffic location, build-to-suit options.
      1515 Yadkinville Rd, Mocksville, NC 27028
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    244 Quality Dr
    Mocksville, NC 27028-4430
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.