New search
Property profile & analytics
OFF-MARKET
Warehouses
675 Ervin Farm Rd, Mooresville, NC 28115-4277
Entity Owned
~
Est. High Equity
Property ID
US53-4829209
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Construction
STEEL FRAME
Total area
6,200 SF
Lot
5.02 ac (218,671 SF)
APN
241 053
UPID
US53-4829209
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Elrods Enterprise LLC
Elrods Enterprise LLC
since 2025
Last sale
$705,000
7 recorded transactions
Zoning & alternative use
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$1,502
Tax year 2024
Assessed value
$221,633
Assessed 2024
Previous assessed
$221,633
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$72,641
Assessed improvement
$148,992
Land market value
$72,641
Improvement market value
$148,992
Total market value
$221,633
Applied tax rate
124.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
YES
Stories
1
Total area
6,200 SF
Lot
5.02 ac (218,671 SF)
APN
241 053
UPID
US53-4829209
Jurisdiction
ROWAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2008
Construction
STEEL FRAME
Heating
YES
Stories
1
Lot
5.02 ac
Current owner
From public records · entity-resolved
Elrods Enterprise LLC
Entity
Mailing address
300 PERFORMANCE RD, MOORESVILLE, NC 28115-9592
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2025
$705,000
Elrods Enterprise LLC
Chapin Motorsports LLC
Warranty Deed
$705,000 · Chapin Motorsports LLC
Feb 3, 2023
—
Chapin Motorsports LLC
Carolina Farm Credit Aca
Special Warranty Deed
—
May 6, 2022
$106,000
Carolina Farm Credit Aca
Alexander Overcash Martin
Trustees Deed
related
—
Jul 31, 2020
—
Martin A Overcash
—
Deed
related
$509,280 · Commercial Credit Group INC
Jul 30, 2019
—
Martin A Overcash
—
Deed
related
$500,000 · Commercial Funding INC
Jun 8, 2009
—
Martin A Overcash
Overcash,martin A
Quit Claim Deed
related
—
Jun 3, 2009
—
Martin A Overcash
Overcash,martin A
Quit Claim Deed
related
—
Jun 27, 2007
$77,000
Martin A Overcash
Sands,randall T & Susan B
Warranty Deed
$136,788 · Omni National Bank
Sep 20, 2006
$30,266
Susan Sands
Ells,elizabeth B
Trustees Deed
—
Jun 28, 2005
—
Tony Meeks
Vain,david D JR & Jimmie K
Warranty Deed
$97,879 · Vanderbilt Mortgage & Finance
—
—
Martin A Overcash
—
Deed Of Trust
related
$500,000 · Commercial Fndg
—
—
Overcash,martin A & Margo J
—
Deed Of Trust
related
$142,552 · Farm Credit Svcs
—
—
Martin A Overcash
—
Deed Of Trust
related
$509,280 · Commercial Credit Group INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 675 Ervin Farm Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
