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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Office buildings
464 Williamson Rd, Mooresville, NC 28117-9185
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0128311
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
WOOD
Total area
10,606 SF
Lot
1.34 ac (58,370 SF)
Zoning code
CM
APN
4646-39-7718.000
UPID
US53-0128311
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
-
Aquesta Bank - Operations Center Bank Loan Service
-
RE/MAX Executive Real Estate Agency
-
Chris Kirkman, Realtor | RE/MAX Executive Real Estate Agency
-
Grand Allure Home Group - RE/MAX Executive Real Estate Agency
-
Spectrum Building Company Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.09M
CAP Approach
CAP
$3.05M
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$2.30M
Owner & transaction history
Spectrum Building Company INC · 3 yrs held
Spectrum Building Company INC
since 2022
Last sale
$2.4M
4 recorded transactions
Zoning & alternative use
CM · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$3.4M
+6.3%
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
$2,215,000
ML approach
$2,090,000
CAP Approach
CAP Return
Estimation
6%
$3,305,000
6.5%
$3,050,000
7%
$2,835,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,180,000
Current use
INDUSTRIAL (GENERAL)
$3,380,000
Change: +6% · Conversion: Difficult
RESTAURANT
$2,570,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±10% · vs last sale $2.43M (Dec 13 2022)
Last sale anchor
$2.43M
Dec 13 2022
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
$217 / 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
$23,080
Tax year 2023
Assessed value
$2,346,530
Assessed 2023
Previous assessed
$1,774,440
+32.2% YoY
Effective rate
0.98%
On assessed value
Assessed land
$582,900
Assessed improvement
$1,763,630
Land market value
$582,900
Improvement market value
$1,763,630
Total market value
$2,346,530
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
2008
Construction
WOOD
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
12
Bathrooms
2
Total area
10,606 SF
Lot
1.34 ac (58,370 SF)
Zoning code
CM
APN
4646-39-7718.000
UPID
US53-0128311
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
OFFICE BUILDING Current
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$3.4M
RESTAURANT
Est. value
$2.6M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
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
2008
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
12
Bathrooms
2
Lot
1.34 ac
Current owner
From public records · entity-resolved
Spectrum Building Company INC
Entity
Mailing address
142 S CARDIGAN WAY STE A, MOORESVILLE, NC 28117-8537
Ownership since
2022
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
Dec 13, 2022
$2,425,000
Spectrum Building Company INC
United Community Bank
Special Warranty Deed
$2,445,688 · The Fidelity Bank
Aug 23, 2016
$1,750,000
Aquesta Bk
Dudley L Ragan|pinnacle Props Holdings LLC
Trustees Deed
related
—
Aug 1, 2008
—
Pinnacle Props Holdings LLC
—
Trustees Deed
related
$200,000 · Newdominion Bank
Aug 10, 2007
$275,000
Pinnacle Props Holdings LLC
Raceway Investments LLC
Grant Deed
related
$2,422,500 · Aquesta Bank
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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