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Property profile & analytics
OFF-MARKET
Office buildings
412 Plz Dr, Mooresville, NC 28115-8069
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-0145240
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1954
Total area
1,536 SF
Lot
1.03 ac (44,867 SF)
Zoning code
CC
APN
4657-96-5051.000
UPID
US53-0145240
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
-
Edge Motors Car Dealership
-
Acme Pest Control Co Inc Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Luis G Londono · 2 yrs held
Luis G Londono
since 2023
Last sale
$445,000
7 recorded transactions
Zoning & alternative use
CC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,735
Tax year 2023
Assessed value
$240,170
Assessed 2023
Previous assessed
$237,890
+1.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$228,660
Assessed improvement
$11,510
Land market value
$228,660
Improvement market value
$11,510
Total market value
$240,170
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1954
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
1,536 SF
Lot
1.03 ac (44,867 SF)
Zoning code
CC
APN
4657-96-5051.000
UPID
US53-0145240
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.
Building & site characteristics
From public records
Year built
1954
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Luis G Londono
Individual
Mailing address
PO BOX 1147, CONCORD, NC 28026-1147
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2023
$445,000
Luis G Londono
J&b Development Co Of Concord LLC
Warranty Deed
$289,250 · Blueharbor Bank
Sep 10, 2021
—
J&b Development Co Of Concord LLC
—
Deed
related
$1,385,000 · Pinnacle Bank
Nov 19, 2019
—
J & B Dev Co Of Concord LLC
—
Deed
related
$500,000 · Fidelity Bk
Aug 28, 2017
—
J & B Dev Co Of Concord LLC
—
Deed
related
$511,669 · Uwharrie Bk
Apr 30, 2012
—
J & B Dev Co Of Concord LLC
J & B Dev Co Of Concord LLC
Quit Claim Deed
related
$660,000 · Cabarrus Bank & Trust Co
Apr 11, 2011
—
J & B Dev Co Of Concord LLC
Horton,john R & Kelly P
Warranty Deed
—
Aug 22, 2005
$257,500
John R Horton JR.
Wall,james C & Catherine M
Warranty Deed
$257,500 · First Charter Bank
Dec 1, 1994
$73,500
Wall,james C & Catherine M
—
Grant Deed
related
—
—
—
J & B Dev Co Of Concord LLC
—
Deed Of Trust
related
$500,000 · Fidelity Bk
—
—
J & B Dev Co Of Concord LLC
—
Loan Modification
related
$511,669 · Uwharrie Bk
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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