Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,410,000
Banks
498 Riv Hwy Mooresville, NC 28117-6828
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-0559319
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1989
Construction
WOOD
Total area
5,038 SF
Lot
0.77 ac (33,541 SF)
Zoning code
CC
APN
4647-56-4666.000
UPID
US53-0559319
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
-
Port Village Shopping Center Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.41M
Owner & transaction history
Department Of Transportation · 6 yrs held
Department Of Transportation
since 2020
Last sale
$1.3M
2 recorded transactions
Zoning & alternative use
CC · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CC (Community Commercial) zoning district accommodates business uses that provide goods and services to residents of the region and Town, including shopping centers and large retail establishments located along limited access streets and adjacent to highway interchanges. The district provides lands for auto oriented and auto dependent development in addi…
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
1,200.50 ac
Source
Realmo
Top alternative use upside
Industrial (general)
$960,000
+94.9%
Office building
$905,000
+84.1%
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
$1,945,000
ML approach
$1,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$960,000
Change: +95% · Conversion: Difficult
OFFICE BUILDING
$905,000
Change: +84% · Conversion: Difficult
Blend value · Realmo final
$1.41M
Range $1.27M – $1.55M · ±10% · vs last sale $1.33M (Aug 4 2020)
Last sale anchor
$1.33M
Aug 4 2020
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
$280 / 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
$20,215
Tax year 2023
Assessed value
$1,775,390
Assessed 2023
Previous assessed
$1,505,480
+17.9% YoY
Effective rate
1.14%
On assessed value
Assessed land
$770,000
Assessed improvement
$1,005,390
Land market value
$770,000
Improvement market value
$1,005,390
Total market value
$1,775,390
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Rooms
5
Bathrooms
2
Total area
5,038 SF
Lot
0.77 ac (33,541 SF)
Zoning code
CC
APN
4647-56-4666.000
UPID
US53-0559319
Jurisdiction
IREDELL
Zoning & alternative use
CC · Mooresville, NCZoning CC · permitted uses
CC · Mooresville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CC (Community Commercial) zoning district accommodates business uses that provide goods and services to residents of the region and Town, including shopping centers and large retail establishments located along limited access streets and adjacent to highway interchanges. The district provides lands for auto oriented and auto dependent development in addition to serviceoriented uses that provide support to the surrounding region, while encouraging the transition over time from existing development patterns to a non auto centric development pattern that includes a mix of residential and nonresidential uses. The district provides for redevelopment opportunities and supports multi modal transportation options to better serve the entire community.
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
1,200.50 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$960,000
OFFICE BUILDING
Est. value
$905,000
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1989
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
2
Lot
0.77 ac
Current owner
From public records · entity-resolved
Department Of Transportation
Entity
Free & Clear · 6 yrs held
Mailing address
1546 MAIL SERVICE CTR, RALEIGH, NC 27699-1500
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2020
$389,450
Department Of Transportation
Fifth Third Bk NA
Warranty Deed
—
Dec 18, 2001
—
First Charter Real Estate
First Charter Ba
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 498 Riv Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
