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Property profile & analytics
OFF-MARKET
Estimated value
$2,505,000
Warehouses
245 Rolling Hl Rd, Mooresville, NC 28117-6845
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1098727
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
STONE
Total area
23,275 SF
Lot
1.96 ac (85,378 SF)
Zoning code
HLI
APN
4647-63-8761.000
UPID
US53-1098727
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
-
Flying High Academy Gym & Fitness Center
-
ATA Cheer Lake Norman Gym & Fitness Center Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.60M
Comparable Approach
Comparable
$2.22M
Blend (final)
Blend
$2.51M
Owner & transaction history
Flying High Property Management LLC · 1 yrs held
Flying High Property Management LLC
since 2025
Last sale
$2.6M
5 recorded transactions
Zoning & alternative use
HLI · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.5M
+8.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,820,000
6.5%
$2,600,000
7%
$2,415,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,225,000
Current use
RETAIL STORES
$3,505,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$2.51M
Range $2.25M – $2.76M · ±10% · vs last sale $2.60M (Nov 5 2024)
Last sale anchor
$2.60M
Nov 5 2024
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
$108 / 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
$13,644
Tax year 2023
Assessed value
$1,387,140
Assessed 2023
Previous assessed
$1,134,720
+22.2% YoY
Effective rate
0.98%
On assessed value
Assessed land
$446,880
Assessed improvement
$940,260
Land market value
$446,880
Improvement market value
$940,260
Total market value
$1,387,140
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Construction
STONE
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
23,275 SF
Lot
1.96 ac (85,378 SF)
Zoning code
HLI
APN
4647-63-8761.000
UPID
US53-1098727
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.2M
RETAIL STORES
Est. value
$3.5M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1995
Construction
STONE
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
1.96 ac
Current owner
From public records · entity-resolved
Flying High Property Management LLC
Entity
Mailing address
238 LIPPARD SPGS CIR, STATESVILLE, NC 28677-9100
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Feb 5, 2025
$2,600,000
Flying High Property Management LLC
Dsd Of North Carolina LLC
Warranty Deed
$1,079,000 · Business Expansion Funding Corporat
Feb 5, 2025
—
Flying High Property Management LLC
—
Deed
related
$1,315,750 · First Citizens Bank & Trust Co
Jan 6, 1999
—
Dsd Of North Carolina LLC
Downey,darrin F
Grant Deed
related
—
—
—
Dsd Of North Carolina LLC
—
Deed Of Trust
related
$750,000 · Alliance Bk&tr/gastonia
—
—
Dsd Of North Carolina LLC
—
Deed Of Trust
related
$750,000 · Piedmont Bank
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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