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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Medical Office Space
634 Ctr Ave Mooresville, NC 28115-2569
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US53-5812658
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1921
Total area
4,589 SF
Lot
0.67 ac (29,185 SF)
Zoning code
DE
APN
4667-30-9690.000
UPID
US53-5812658
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
-
Whitfield & Mock Attorneys-Law Law Firm
-
J. Franklin Mock Law Firm
-
Whitfield M Gregory Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$632k
Blend (final)
Blend
$575k
Owner & transaction history
Whitmock Properties LLC · 12 yrs held
Whitmock Properties LLC
since 2014
7 recorded transactions
Zoning & alternative use
DE · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Town Board of Commissioners i s authorized to review and deci de applications for Conditional Use Permits in accordance with this section. Only those uses identified as Conditional Uses in the Table of Allowed Uses, are authorized to be considered as Conditional Uses under this
Zone name
Downtown Extension
General category
COMMERCIAL
Zone area
213.83 ac
Source
Layer: Town Zoning (ID: 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$895,000
Current use
OFFICE BUILDING
$830,000
Change: -7% · Conversion: Easy
COMMERCIAL (GENERAL)
$795,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$125 / 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
$4,899
Tax year 2023
Assessed value
$430,270
Assessed 2023
Previous assessed
$302,310
+42.3% YoY
Effective rate
1.14%
On assessed value
Assessed land
$100,500
Assessed improvement
$329,770
Land market value
$100,500
Improvement market value
$329,770
Total market value
$430,270
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
1921
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
2
Total area
4,589 SF
Lot
0.67 ac (29,185 SF)
Zoning code
DE
APN
4667-30-9690.000
UPID
US53-5812658
Jurisdiction
IREDELL
Zoning & alternative use
DE · Mooresville, NCZoning DE · permitted uses
DE · Mooresville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Town Board of Commissioners i s authorized to review and deci de applications for Conditional Use Permits in accordance with this section. Only those uses identified as Conditional Uses in the Table of Allowed Uses, are authorized to be considered as Conditional Uses under this
Zone name
Downtown Extension
General category
COMMERCIAL
Zone area
213.83 ac
Source
Layer: Town Zoning (ID: 3)
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$895,000
OFFICE BUILDING
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$795,000
MEDICAL BUILDING Current
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
1921
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.67 ac
Current owner
From public records · entity-resolved
Whitmock Properties LLC
Entity
Mailing address
PO BOX 1616, MOORESVILLE, NC 28115-1616
Ownership since
2014
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
Jan 7, 2022
—
Whitmock Properties LLC
—
Deed
related
$361,580 · First Bank
Dec 22, 2016
—
Whitmock Properties LLC
—
Deed
related
$403,055 · First Bank
Jul 7, 2014
$450,000
Whitmock Properties LLC
Angela H Purvis
Warranty Deed
$365,500 · First Community Bank
Aug 21, 2013
—
Angela H Purvis
Purvis,angela H
Quit Claim Deed
related
—
Aug 15, 2011
—
Angela H Purvis
Purvis,james H
Quit Claim Deed
related
—
Jun 25, 2007
$425,000
James H Purvis
Scott,william S & Elizabeth T
Warranty Deed
$417,000 · Everbank
—
—
Whitmock Properties LLC
—
Deed Of Trust
related
$64,100 · Elizabeth B Lowder
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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