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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Office buildings
586 Oakridge Farm Hwy Mooresville, NC 28115-7946
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2713872
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,040 SF
Lot
14.19 ac (618,116 SF)
Zoning code
HLI
APN
4667-39-0000.000
UPID
US53-2713872
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
-
Argos Ready Mix, MOORESVILLE Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$585k
Comparable Approach
Comparable
$560k
Blend (final)
Blend
$500k
Owner & transaction history
Concrete Supply Co LLC · 1 yrs held
Concrete Supply Co LLC
since 2025
Last sale
$47,500
1 recorded transaction
Zoning & alternative use
HLI · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The HLI (Hybrid Light Industrial) zoning district allows a range of office, light manufacturing, and warehousing development, including flex uses, in addition to supportive uses such as restaurants, hotels, recreation, personal services, and other commercial and institutional development that are oriented towards and directed at clients of the primary uses.…
Zone name
Hybrid Light Industrial
General category
INDUSTRIAL
Zone area
2,183.16 ac
Source
Realmo
Top alternative use upside
Medical building
$400,000
+7.9%
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%
$635,000
6.5%
$585,000
7%
$545,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$370,000
Current use
MEDICAL BUILDING
$400,000
Change: +8% · Conversion: Easy
COMMERCIAL (GENERAL)
$355,000
Change: -4% · Conversion: Easy
RETAIL STORES
$305,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $48k (Feb 24 2025)
Last sale anchor
$48k
Feb 24 2025
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
$245 / 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
$4,368
Tax year 2023
Assessed value
$383,630
Assessed 2023
Previous assessed
$329,610
+16.4% YoY
Effective rate
1.14%
On assessed value
Assessed land
$195,820
Assessed improvement
$187,810
Land market value
$195,820
Improvement market value
$187,810
Total market value
$383,630
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
2,040 SF
Lot
14.19 ac (618,116 SF)
Zoning code
HLI
APN
4667-39-0000.000
UPID
US53-2713872
Jurisdiction
IREDELL
Zoning & alternative use
HLI · Mooresville, NCZoning HLI · permitted uses
HLI · Mooresville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The HLI (Hybrid Light Industrial) zoning district allows a range of office, light manufacturing, and warehousing development, including flex uses, in addition to supportive uses such as restaurants, hotels, recreation, personal services, and other commercial and institutional development that are oriented towards and directed at clients of the primary uses. Industrial uses that have limited impacts on nearby properties are generally allowed.
Zone name
Hybrid Light Industrial
General category
INDUSTRIAL
Zone area
2,183.16 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$370,000
MEDICAL BUILDING
Est. value
$400,000
COMMERCIAL (GENERAL)
Est. value
$355,000
RETAIL STORES
Est. value
$305,000
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
2
Lot
14.19 ac
Current owner
From public records · entity-resolved
Concrete Supply Co LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3015 WINDWARD PLZ STE #300, ALPHARETTA, GA 30005-8713
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2025
$47,500
Concrete Supply Co LLC
Argos USA LLC
Special Warranty Deed
—
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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