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Property profile & analytics
OFF-MARKET
Estimated value
$9,290,000
Warehouses
2702 Charlotte Hwy Mooresville, NC 28117-8050
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2151712
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1995
Construction
STONE
Total area
25,725 SF
Lot
2.99 ac (130,244 SF)
Zoning code
CC
APN
4657-33-0387.000
UPID
US53-2151712
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
-
ModBox Storage Storage Facility
-
Wester's Custom Built Production Facility Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.29M
Owner & transaction history
2702ch LLC · 3 yrs held
2702ch LLC
since 2022
Last sale
$9.8M
7 recorded transactions
Zoning & alternative use
CC · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$8.2M
+130.2%
Office building
$7.7M
+116.5%
Restaurant
$6.2M
+74.9%
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
$8,915,000
ML approach
$8,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,200,000
Change: +130% · Conversion: Easy
OFFICE BUILDING
$7,710,000
Change: +117% · Conversion: Difficult
RESTAURANT
$6,230,000
Change: +75% · Conversion: Difficult
Blend value · Realmo final
$9.29M
Range $8.36M – $10.22M · ±10% · vs last sale $9.75M (Aug 22 2022)
Last sale anchor
$9.75M
Aug 22 2022
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
$361 / 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
$35,539
Tax year 2023
Assessed value
$3,121,260
Assessed 2023
Previous assessed
$1,942,130
+60.7% YoY
Effective rate
1.14%
On assessed value
Assessed land
$600,990
Assessed improvement
$2,520,270
Land market value
$600,990
Improvement market value
$2,520,270
Total market value
$3,121,260
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Construction
STONE
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
185
Bathrooms
1
Total area
25,725 SF
Lot
2.99 ac (130,244 SF)
Zoning code
CC
APN
4657-33-0387.000
UPID
US53-2151712
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$8.2M
OFFICE BUILDING
Est. value
$7.7M
RESTAURANT
Est. value
$6.2M
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
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
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
185
Bathrooms
1
Lot
2.99 ac
Current owner
From public records · entity-resolved
2702ch LLC
Entity
Mailing address
164 MARKET ST #202, CHARLESTON, SC 29401-6948
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2022
$9,750,000
2702ch LLC
Outbox Mooresville LLC
Special Warranty Deed
—
Dec 20, 2017
—
Outbox Mooresville LLC
Triple Sss INC
Warranty Deed
related
—
Dec 20, 2017
$2,900,000
Outbox Mooresville LLC
Triple Sss INC
Trustees Deed
related
$4,650,000 · Miscellaneous Ins Co
Mar 3, 2000
—
Triple Sss INC
Emmons,stephen P
Grant Deed
related
—
Mar 1, 1995
$165,000
Triplesss INC
—
Grant Deed
related
—
—
—
Triple Sss INC
—
Deed Of Trust
related
$940,000 · First Trust Bank Of Savings
—
—
Triple Sss INC
—
Deed Of Trust
related
$163,000 · Piedmont Bank
—
—
Triple Sss INC
—
Deed Of Trust
related
$1,275,000 · Wells Fargo Bank
—
—
Triple Sss INC
—
Deed Of Trust
related
$850,000 · First Trust Bank Of Savings
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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