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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Strip malls
287 Williamson Rd E E Ste Mooresville, NC 28117-6967
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US53-2376954
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,788 SF
Lot
2.39 ac (103,891 SF)
Zoning code
CM
APN
4647-33-0469.000
UPID
US53-2376954
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
-
RockBox Fitness Mooresville Gym & Fitness Center Sports School
-
CP landscaping Fencing & Concrete Landscaping General Contractor
-
Nothing Bundt Cakes Bakery Specialty Food Shop
-
Zen Massage® - Mooresville, NC Alternative Medicine Practice Spa & Massage Center
-
Serenity Nail Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$577k
Blend (final)
Blend
$575k
Owner & transaction history
Chambers,raymond W JR · 14 yrs held
Chambers,raymond W JR
since 2011
6 recorded transactions
Zoning & alternative use
CM · 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
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$380,000
Current use
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$45 / 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
$63,988
Tax year 2023
Assessed value
$6,505,460
Assessed 2023
Previous assessed
$4,964,880
+31.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$1,698,120
Assessed improvement
$4,807,340
Land market value
$1,698,120
Improvement market value
$4,807,340
Total market value
$6,505,460
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
6
Total area
12,788 SF
Lot
2.39 ac (103,891 SF)
Zoning code
CM
APN
4647-33-0469.000
UPID
US53-2376954
Jurisdiction
IREDELL
Zoning & alternative use
CM · Mooresville, NC
Zoning CM · permitted uses
CM · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$380,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
6
Lot
2.39 ac
Current owner
From public records · entity-resolved
Chambers,raymond W JR
Individual
Mailing address
121 W TRADE ST #27, CHARLOTTE, NC 28202-5399
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2025
—
Raymond W Chambers JR
—
Deed
related
$2,500,000 · Cogent Bank
Oct 7, 2019
—
Raymond W Chambers JR Re Holdings L
—
Deed
related
$3,000,000 · First Citizens Bank & Trust Co
Nov 7, 2011
$3,150,000
Chambers,raymond W JR
Mlcfc 2007-8 Williamson Road L
Grant Deed
$3,000,000 · High Point Bk&tr
Nov 24, 2010
$4,362,400
2007-8 Williamson Road L Mlcfc
Simpson,david T JR
Trustees Deed
—
Jun 22, 2007
—
Mts I & II LLC
Pinnacle At Lake Norman LLC
Grant Deed
$6,210,000 · Red Cap Com'l Fndg LLC
—
—
Raymond W Chambers JR R & E Hold
—
Loan Modification
related
—
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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