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Property profile & analytics
OFF-MARKET
Estimated value
$250,000
Commercial real estate
637 Williamson Rd 101 Mooresville, NC 28117-8105
Entity Owned
20-yr Hold
Free & Clear
Property ID
US53-1697739
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
2002
Construction
WOOD
Total area
1,782 SF
Lot
0.04 ac (1,742 SF)
Zoning code
CM
APN
4646-56-3636.101
UPID
US53-1697739
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
-
Placid Salon & Spa Hair Salon Nail Salon
-
Havana 33 Restaurant
-
Beam Pines Inc Business Management Consultant
-
Sandi at Rudy’s Barbershop Spa & Massage Center Skin Care Clinic
-
Wax On Wax Off Body Bar Spa & Massage Center Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$250k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$250k
Owner & transaction history
Baltic Avenue LLC · 20 yrs held
Baltic Avenue LLC
since 2006
2 recorded transactions
Zoning & alternative use
CM · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CM (Corridor Mixed Use) zoning district is intended to accommodate a mix of retail, office, hotel, and institutional development, as well as multifamily and townhouse dwellings at medium densities. It serves as a general purpose mixed use district on major corridors and may provide a transition from largerscale region oriented nonresidential development…
Zone name
Corridor Mixed Use
General category
MIXED_USE
Zone area
1,426.03 ac
Source
Realmo
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
$250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$250k
Range $225k – $275k · ±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
$140 / 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
$4,013
Tax year 2023
Assessed value
$407,940
Assessed 2023
Previous assessed
$265,870
+53.4% YoY
Effective rate
0.98%
On assessed value
Assessed land
$90,000
Assessed improvement
$317,940
Land market value
$90,000
Improvement market value
$317,940
Total market value
$407,940
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
2002
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
1,782 SF
Lot
0.04 ac (1,742 SF)
Zoning code
CM
APN
4646-56-3636.101
UPID
US53-1697739
Jurisdiction
IREDELL
Zoning & alternative use
CM · Mooresville, NCZoning CM · permitted uses
CM · Mooresville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CM (Corridor Mixed Use) zoning district is intended to accommodate a mix of retail, office, hotel, and institutional development, as well as multifamily and townhouse dwellings at medium densities. It serves as a general purpose mixed use district on major corridors and may provide a transition from largerscale region oriented nonresidential development to smaller scale uses that serve surrounding neighborhoods. Vertical mixed use development with residential uses above ground floor nonresidential uses is encouraged.
Zone name
Corridor Mixed Use
General category
MIXED_USE
Zone area
1,426.03 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2002
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Baltic Avenue LLC
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 11116, CHARLOTTE, NC 28220-1116
Ownership since
2006
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
Mar 16, 2006
—
Baltic Avenue LLC
Boardwalk LLC
Grant Deed
—
—
—
Baltic Avenue LLC
—
Deed Of Trust
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.
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