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Property profile & analytics
OFF-MARKET
Estimated value
$13,820,000
Auto shops
351 Mazeppa Rd, Mooresville, NC 28115-7929
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-0679652
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2008
Construction
STEEL FRAME
Total area
73,267 SF
Lot
7.82 ac (340,639 SF)
Zoning code
HLI
APN
4668-35-7652.000
UPID
US53-0679652
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
-
Shop Samantha Busch Clothing & Fashion Store
-
Kyle Busch Retail Clothing Store E-Commerce Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.39M
Blend (final)
Blend
$13.82M
Owner & transaction history
Spire Properties LLC · 2 yrs held
Spire Properties LLC
since 2023
Last sale
$14.5M
4 recorded transactions
Zoning & alternative use
HLI · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$22.8M
+178.5%
Restaurant
$17.7M
+116.7%
Medical building
$14.3M
+74.6%
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
$16,290,000
ML approach
$11,445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$22,800,000
Change: +179% · Conversion: Easy
RESTAURANT
$17,740,000
Change: +117% · Conversion: Difficult
MEDICAL BUILDING
$14,295,000
Change: +75% · Conversion: Difficult
OFFICE BUILDING
$13,250,000
Change: +62% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,725,000
Change: +55% · Conversion: Moderate
RETAIL STORES
$11,035,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$13.82M
Range $12.44M – $15.20M · ±10% · vs last sale $14.49M (Nov 14 2023)
Last sale anchor
$14.49M
Nov 14 2023
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
$189 / 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
$89,346
Tax year 2023
Assessed value
$7,846,990
Assessed 2023
Previous assessed
$7,549,480
+3.9% YoY
Effective rate
1.14%
On assessed value
Assessed land
$312,800
Assessed improvement
$7,534,190
Land market value
$312,800
Improvement market value
$7,534,190
Total market value
$7,846,990
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Bathrooms
4
Total area
73,267 SF
Lot
7.82 ac (340,639 SF)
Zoning code
HLI
APN
4668-35-7652.000
UPID
US53-0679652
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
INDUSTRIAL (GENERAL)
Est. value
$22.8M
RESTAURANT
Est. value
$17.7M
MEDICAL BUILDING
Est. value
$14.3M
OFFICE BUILDING
Est. value
$13.3M
COMMERCIAL (GENERAL)
Est. value
$12.7M
RETAIL STORES
Est. value
$11.0M
INDUSTRIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2008
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
4
Lot
7.82 ac
Current owner
From public records · entity-resolved
Spire Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
19510 JETTON RD STE #300, CORNELIUS, NC 28031-8228
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2023
$14,485,525
Spire Properties LLC
Kb Investment Holdings LLC
Warranty Deed
—
Jul 28, 2020
—
Kb Investment Holdings LLC
—
Deed
related
$5,407,500 · Kb Investment Holdings LLC
Jul 15, 2010
$7,034,256
Kb Investment Holdings LLC
Lb Builders Const Group INC
Warranty Deed
related
$6,375,552 · Suntrust Bank NA
—
—
Kb Investment Holdings LLC
—
Deed Of Trust
related
$5,407,500 · Kb Investment Holdings LLC
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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