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Property profile & analytics
OFF-MARKET
Estimated value
$1,845,000
Office buildings
467 Riv Hwy Mooresville, NC 28117-6828
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-2651214
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
WOOD
Total area
7,072 SF
Lot
1.24 ac (54,189 SF)
Zoning code
CC
APN
4647-66-1255.000
UPID
US53-2651214
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
-
Verizon Mobile Phone Store Electronics & Wireless Store
-
Verizon Business Services Business To Business Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.04M
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$1.85M
Owner & transaction history
Ttx Retail LLC · 8 yrs held
Ttx Retail LLC
since 2018
7 recorded transactions
Zoning & alternative use
CC · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.3M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,205,000
6.5%
$2,035,000
7%
$1,890,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,120,000
Current use
INDUSTRIAL (GENERAL)
$2,255,000
Change: +6% · Conversion: Difficult
RESTAURANT
$1,710,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.85M
Range $1.66M – $2.03M · ±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
$261 / 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
$20,389
Tax year 2023
Assessed value
$2,379,580
Assessed 2023
Previous assessed
$2,001,850
+18.9% YoY
Effective rate
0.86%
On assessed value
Assessed land
$1,124,580
Assessed improvement
$1,255,000
Land market value
$1,124,580
Improvement market value
$1,255,000
Total market value
$2,379,580
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
1999
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Total area
7,072 SF
Lot
1.24 ac (54,189 SF)
Zoning code
CC
APN
4647-66-1255.000
UPID
US53-2651214
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
RESTAURANT
Est. value
$1.7M
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
1999
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
1.24 ac
Current owner
From public records · entity-resolved
Ttx Retail LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1340 HARDING PL, CHARLOTTE, NC 28204-2922
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2020
—
Ttx Retail LLC
—
Deed
related
$1,360,000 · Servisfirst Bk
Feb 19, 2018
—
Ttx Retail LLC
Ttx-eat LLC
Warranty Deed
—
Mar 7, 2011
$1,500,000
Ttx-eat LLC
Hecht Properties LLC
Warranty Deed
—
Mar 7, 2011
—
Ttx-eat LLC
Hecht Properties LLC
Grant Deed
$1,900,000 · Branch Bk&tr
—
—
Hecht Properties LLC
—
Deed Of Trust
related
$1,680,000 · Peoples Bk
—
—
Ttx Retail LLC
—
Deed Of Trust
related
$1,360,000 · Servisfirst Bk
—
—
Ttx Retail LLC
—
Deed Of Trust
related
$825,000 · Servisfirst 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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