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Property profile & analytics
OFF-MARKET
Estimated value
$2,935,000
Auto shops
688 Brawley School Rd, Mooresville, NC 28117-9121
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0581474
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,820 SF
Lot
1.79 ac (77,798 SF)
Zoning code
CM
APN
4647-12-2232.000
UPID
US53-0581474
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
-
Christian Brothers Automotive Mooresville Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.94M
Owner & transaction history
Ketchum Palm Harbor LLC · 4 yrs held
Ketchum Palm Harbor LLC
since 2022
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
CM · Mooresville, NC
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
Method
Estimation
Statistic approach
$2,835,000
ML approach
$2,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.94M
Range $2.64M – $3.23M · ±10% · vs last sale $3.10M (Apr 27 2022)
Last sale anchor
$3.10M
Apr 27 2022
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
$609 / 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
$20,363
Tax year 2023
Assessed value
$2,070,250
Assessed 2023
Previous assessed
$1,597,520
+29.6% YoY
Effective rate
0.98%
On assessed value
Assessed land
$1,385,940
Assessed improvement
$684,310
Land market value
$1,385,940
Improvement market value
$684,310
Total market value
$2,070,250
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
RADIANT
Cooling
AC.PACKAGE
Stories
1
Rooms
1
Bathrooms
1
Total area
4,820 SF
Lot
1.79 ac (77,798 SF)
Zoning code
CM
APN
4647-12-2232.000
UPID
US53-0581474
Jurisdiction
IREDELL
Zoning & alternative use
CM · Mooresville, NC
Zoning CM · permitted uses
CM · 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.
Building & site characteristics
From public records
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
RADIANT
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
Ketchum Palm Harbor LLC
Entity
Mailing address
526 ALISO AVE, NEWPORT BEACH, CA 92663-5106
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2022
$3,100,000
Ketchum Palm Harbor LLC
Roy P Covert
Special Warranty Deed
$2,015,000 · Trustone Financial Cu
Sep 27, 2019
$2,850,000
Covert Family Trust
William Cummings
Grant Deed
—
Dec 15, 2014
$2,558,000
William Cummings
Cbh Properties Mooresville LLC
Grant Deed
—
Nov 4, 2013
—
Cbh Properties Mooresville LLC
Rainess,david & Eileen
Quit Claim Deed
related
$1,592,000 · Amegy Bank NA
Nov 4, 2013
$605,000
Cbh Properties Mooresville LLC
Rainess,david & Eileen
Warranty Deed
—
Jul 2, 2008
—
David B Rainess
Jeffrey A Rainess
Warranty Deed
related
$500,000 · Wachovia Bank NA
Feb 15, 2000
$375,000
David B Rainess
Woolledge,claren
Grant Deed
—
—
—
David B Rainess
—
Deed Of Trust
related
$80,000 · Jeffrey Rainess
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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