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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Medical Office Space
628 Carpenter Ave Mooresville, NC 28115-2538
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-2232642
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Construction
WOOD
Total area
5,879 SF
Lot
1.18 ac (51,401 SF)
Zoning code
DE
APN
4667-41-0451.000
UPID
US53-2232642
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
-
Lake Norman Orthopedic Specs: Kutner William A MD Physician
-
Village Animal Hospital Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.22M
Owner & transaction history
Catawba Valley Invtrs II LLC · 9 yrs held
Catawba Valley Invtrs II LLC
since 2016
3 recorded transactions
Zoning & alternative use
DE · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.8M
+59.5%
Restaurant
$1.4M
+24.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,365,000
6.5%
$1,260,000
7%
$1,170,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,145,000
Current use
INDUSTRIAL (GENERAL)
$1,830,000
Change: +59% · Conversion: Difficult
RESTAURANT
$1,425,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$1,065,000
Change: -7% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,020,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±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
$208 / 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
$12,339
Tax year 2023
Assessed value
$1,083,690
Assessed 2023
Previous assessed
$780,580
+38.8% YoY
Effective rate
1.14%
On assessed value
Assessed land
$126,020
Assessed improvement
$957,670
Land market value
$126,020
Improvement market value
$957,670
Total market value
$1,083,690
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
HEAT PUMP
Cooling
NONE
Stories
1
Rooms
15
Bathrooms
4
Total area
5,879 SF
Lot
1.18 ac (51,401 SF)
Zoning code
DE
APN
4667-41-0451.000
UPID
US53-2232642
Jurisdiction
IREDELL
Zoning & alternative use
DE · Mooresville, NC
Zoning DE · permitted uses
DE · 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
MEDICAL BUILDING Current
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
RESTAURANT
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
MEDICAL BUILDING Current
INDUSTRIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1988
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
15
Bathrooms
4
Lot
1.18 ac
Current owner
From public records · entity-resolved
Catawba Valley Invtrs II LLC
Entity
Mailing address
3346 HWY 1275, HICKORY, NC 28602
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2016
$840,000
Catawba Valley Invtrs II LLC
Moretz Properties LLC
Warranty Deed
$840,000 · Branch Bk&tr
Apr 8, 2003
—
Moretz Properties LLC
Moretz,c Warr JR
Quit Claim Deed
related
—
Apr 13, 2000
$425,000
Moretz C Warren JR.
Lake,norman Orth
Grant 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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