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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Medical Office Space
359 Williamson Rd Mooresville, NC 28117-5935
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US53-0872918
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
WOOD
Total area
6,698 SF
Lot
1.47 ac (64,033 SF)
Zoning code
CM
APN
4647-31-2984.000
UPID
US53-0872918
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
-
Sherard Spangler Physician
-
Kush Patel Physician Medical Clinic
-
Piedmont Bone & Joint: Givens Lauri P MD Physician
-
Piedmont HealthCare — Heart & Vascular Physician
-
Gary DeWeese, MD, FACC Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$758k
Blend (final)
Blend
$1.02M
Owner & transaction history
Lake Norman Family Practice Ll
Lake Norman Family Practice Ll
1 recorded transaction
Zoning & alternative use
CM · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CM (Corridor Mixed Use) zoning district is intended to accommodate a mix of retail, office, hotel, and institutional development, as well as multifamily and townhouse dwellings at medium densities. It serves as a general purpose mixed use district on major corridors and may provide a transition from largerscale region oriented nonresidential development…
Zone name
Corridor Mixed Use
General category
MIXED_USE
Zone area
1,426.03 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.6M
+24.1%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,305,000
Current use
RESTAURANT
$1,620,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±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
$152 / 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
$8,480
Tax year 2023
Assessed value
$2,309,770
Assessed 2023
Previous assessed
$2,001,420
+15.4% YoY
Effective rate
0.37%
On assessed value
Assessed land
$714,420
Assessed improvement
$1,595,350
Land market value
$714,420
Improvement market value
$1,595,350
Total market value
$2,309,770
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Rooms
66
Bathrooms
8
Total area
6,698 SF
Lot
1.47 ac (64,033 SF)
Zoning code
CM
APN
4647-31-2984.000
UPID
US53-0872918
Jurisdiction
IREDELL
Zoning & alternative use
CM · Mooresville, NCZoning CM · permitted uses
CM · Mooresville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CM (Corridor Mixed Use) zoning district is intended to accommodate a mix of retail, office, hotel, and institutional development, as well as multifamily and townhouse dwellings at medium densities. It serves as a general purpose mixed use district on major corridors and may provide a transition from largerscale region oriented nonresidential development to smaller scale uses that serve surrounding neighborhoods. Vertical mixed use development with residential uses above ground floor nonresidential uses is encouraged.
Zone name
Corridor Mixed Use
General category
MIXED_USE
Zone area
1,426.03 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.3M
RESTAURANT
Est. value
$1.6M
MEDICAL BUILDING Current
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
1997
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
66
Bathrooms
8
Lot
1.47 ac
Current owner
From public records · entity-resolved
Lake Norman Family Practice Ll
Individual
Mailing address
357 WILLIAMSON RD, MOORESVILLE, NC 28117-5935
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Lake Norman Family Practice Ll
—
Deed Of Trust
related
$1,000,000 · Fidelity Bank NA
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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