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Property profile & analytics
OFF-MARKET
Estimated value
$4,570,000
Assisted living facilities
291 Commercial Dr, Mooresville, NC 28115-7870
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-5001946
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1996
Construction
WOOD
Total area
17,156 SF
Lot
3.46 ac (150,718 SF)
Zoning code
HLI
APN
4656-82-7790.000
UPID
US53-5001946
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
-
Crown Colony At Mooresville Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.57M
Owner & transaction history
291 Commercial Dr Nc LLC · 1 yrs held
291 Commercial Dr Nc LLC
since 2024
Last sale
$4.6M
5 recorded transactions
Zoning & alternative use
HLI · 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
$4,570,000
ML approach
$4,570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.57M
Range $4.11M – $5.03M · ±10% · vs last sale $4.57M (Sep 3 2024)
Last sale anchor
$4.57M
Sep 3 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
$266 / 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
$26,330
Tax year 2023
Assessed value
$2,307,210
Assessed 2023
Previous assessed
$2,307,210
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$221,440
Assessed improvement
$2,085,770
Land market value
$221,440
Improvement market value
$2,085,770
Total market value
$2,307,210
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
36
Bathrooms
2
Total area
17,156 SF
Lot
3.46 ac (150,718 SF)
Zoning code
HLI
APN
4656-82-7790.000
UPID
US53-5001946
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.
Building & site characteristics
From public records
Year built
1996
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
36
Bathrooms
2
Lot
3.46 ac
Current owner
From public records · entity-resolved
291 Commercial Dr Nc LLC
Entity
Mailing address
1121 SE 6TH ST, FT LAUDERDALE, FL 33301-3013
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Sep 3, 2024
$4,570,000
291 Commercial Dr Nc LLC
Ttb Enterprises LLC
Special Warranty Deed
$7,200,000 · Bank Of America NA
Aug 14, 2020
—
Sreit Stone Creek LP
—
Deed
related
$8,364,000 · Federal Hm Ln Mtg
Feb 18, 2020
$9,540,500
Sreit Stone Creek LP
Lca Stonecreek LP
Grant Deed
$8,364,000 · Jones Lang Lasalle Multifamily
—
—
Ttb Ents LLC
—
Deed Of Trust
related
$1,976,000 · Lancaster Pollard Mtg
—
—
Sreit Stone Creek LP
—
Deed Of Trust
related
$8,364,000 · Federal Hm Ln Mtg
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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