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Property profile & analytics
OFF-MARKET
Estimated value
$1,120,000
Strip malls
247 Plz Dr, Mooresville, NC 28115-8002
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US53-1998905
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
STEEL FRAME
Total area
74,852 SF
Lot
5.32 ac (231,652 SF)
Zoning code
CC
APN
4657-64-5371.000
UPID
US53-1998905
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
-
Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
-
Subway Restaurant Take-out & Catering
-
Polished Nail Salon LKN Nail Salon
-
J's Chinese Restaurant
-
3 Reyes Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$955k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.12M
Owner & transaction history
Savera Investments LLP · 11 yrs held
Savera Investments LLP
since 2014
7 recorded transactions
Zoning & alternative use
CC · 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
by Request
ML approach
$955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.12M
Range $1.01M – $1.23M · ±10%
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
$15 / 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
$56,622
Tax year 2023
Assessed value
$4,972,970
Assessed 2023
Previous assessed
$3,966,950
+25.4% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,568,810
Assessed improvement
$3,404,160
Land market value
$1,568,810
Improvement market value
$3,404,160
Total market value
$4,972,970
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Rooms
12
Bathrooms
3
Total area
74,852 SF
Lot
5.32 ac (231,652 SF)
Zoning code
CC
APN
4657-64-5371.000
UPID
US53-1998905
Jurisdiction
IREDELL
Zoning & alternative use
CC · Mooresville, NC
Zoning CC · permitted uses
CC · 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
1987
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
12
Bathrooms
3
Lot
5.32 ac
Current owner
From public records · entity-resolved
Savera Investments LLP
Entity
Mailing address
1685 H ST UNIT #205, BLAINE, WA 98230-5110
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2021
—
Savera Investments LLP
—
Deed
related
$600,000 · United Bank
Oct 9, 2020
—
Savera Investments LLP
—
Deed
related
$4,335,000 · United Bank
Sep 8, 2020
—
Savera Investments LLP
—
Deed
related
$4,790,500 · United Bank
Aug 29, 2019
—
Savera Investments LLP
—
Deed
related
$5,100,000 · First Carolina Bk
Mar 21, 2018
—
Savera Investments LLP
—
Deed
related
$3,000,000 · Carolina Tr Bk
Oct 31, 2014
—
Savera Investments LLP
Mooresville Marketplace Station LP
Quit Claim Deed
related
—
Oct 31, 2014
$4,010,000
Savera Investments LLP
Mooresville Marketplace Stn LP
Grant Deed
—
Jun 22, 2007
—
Marketplace Stn Mooresville
Inland Southeast Mooresville L
Quit Claim Deed
related
—
—
—
Savera Investments LLP
—
Deed Of Trust
related
$5,100,000 · First Carolina Bk
—
—
Savera Investments LLP
—
Deed Of Trust
related
$3,000,000 · Carolina Tr 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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