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Property profile & analytics
OFF-MARKET
Estimated value
$12,570,000
Assisted living facilities
550 Glenwood Dr, Mooresville, NC 28115-2876
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-0811036
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1987
Construction
WOOD
Total area
50,427 SF
Lot
11.56 ac (503,641 SF)
Zoning code
RLI
APN
4666-27-0117.000
UPID
US53-0811036
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
-
Mary E. Rutledge, OT Physician
-
Kristie L. Linkowski, OTR Physician
-
Glenwood Rehab and Nursing Employment Agency
-
Genesis Health Care Corporation Health
-
Shauna C. Simpson, MS Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.57M
Owner & transaction history
550 Glenwood Dr Snf Real Estate LLC · 1 yrs held
550 Glenwood Dr Snf Real Estate LLC
since 2025
Last sale
$12.7M
7 recorded transactions
Zoning & alternative use
RLI · 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
Method
Estimation
Statistic approach
by Request
ML approach
$12,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.57M
Range $11.31M – $13.83M · ±10% · vs last sale $12.71M (Feb 4 2020)
Last sale anchor
$12.71M
Feb 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
$249 / 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
$81,672
Tax year 2023
Assessed value
$7,173,040
Assessed 2023
Previous assessed
$6,982,670
+2.7% YoY
Effective rate
1.14%
On assessed value
Assessed land
$140,660
Assessed improvement
$7,032,380
Land market value
$140,660
Improvement market value
$7,032,380
Total market value
$7,173,040
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Units
100
Total area
50,427 SF
Lot
11.56 ac (503,641 SF)
Zoning code
RLI
APN
4666-27-0117.000
UPID
US53-0811036
Jurisdiction
IREDELL
Zoning & alternative use
RLI · Mooresville, NC
Zoning RLI · permitted uses
RLI · 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
1987
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
100
Lot
11.56 ac
Current owner
From public records · entity-resolved
550 Glenwood Dr Snf Real Estate LLC
Entity
Mailing address
440 SYLVAN AVE STE #240, ENGLEWD CLFS, NJ 07632-2700
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2025
$24,007,500
550 Glenwood Dr Snf Real Estate LLC
Mooresville Two Nc Propco LLC
Special Warranty Deed
$133,710,000 · Monticelloam Funding Sh-89-a LLC
Jul 8, 2025
—
Glenwood Snf Operations LLC
550 Glenwood Dr Snf Real Estate LLC
Deed
—
May 8, 2023
—
Mooresville Two Nc Propco LLC
—
Deed
related
$161,200,000 · Capital Funding
Apr 2, 2020
—
Mooresville Two Nc Propco LLC
—
Deed
related
$6,000,000 · Oxford Fin
Feb 4, 2020
$12,709,500
Mooresville Two Nc Propco LLC
Glenwood Property LLC
Grant Deed
$58,650,000 · Oxford Fin
Nov 28, 2016
—
550 Glenwood Property LLC
—
Deed
related
$11,040,000 · Lancaster Pollard Mtg
May 27, 2016
$12,930,000
550 Glenwood Property LLC
Diamond Senior Living LLC
Grant Deed
$44,000,000 · Privatebank & Tr
Sep 6, 2005
$6,800,000
Formation Properties Vi LLC
Mooresville Meridian
Grant Deed
$40,000,000 · General Electric Capital Corp
—
—
Mooresville Two Nc Propco LLC
—
Loan Modification
related
$74,675,000 · Oxford Fin
—
—
Mooresville Two Nc Propco LLC
—
Loan Modification
related
$6,000,000 · Oxford Fin
—
—
Genesis Diamond Operations LLC
—
Deed Of Trust
related
$11,040,000 · Lancaster Pollard Mtg
—
—
550 Glenwood Property LLC
—
Deed Of Trust
related
$11,040,000 · Lancaster Pollard Mtg
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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