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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Auto shops
724 Oakridge Farm Hwy Mooresville, NC 28115-7948
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-4752240
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1995
Total area
4,800 SF
Lot
2.05 ac (89,298 SF)
Zoning code
GI
APN
4668-30-8457.000
UPID
US53-4752240
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
-
Transmissions Unlimited & Auto Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$775k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$811k
Blend (final)
Blend
$810k
Owner & transaction history
Lauffer Enterprises LLC · 5 yrs held
Lauffer Enterprises LLC
since 2021
Last sale
$815,000
3 recorded transactions
Zoning & alternative use
GI · Mooresville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Layer: Town Zoning (ID: 3)
Top alternative use upside
Medical building
$935,000
+74.6%
Office building
$870,000
+61.9%
Commercial (general)
$835,000
+55.4%
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
$845,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$535,000
Current use
MEDICAL BUILDING
$935,000
Change: +75% · Conversion: Difficult
OFFICE BUILDING
$870,000
Change: +62% · Conversion: Difficult
COMMERCIAL (GENERAL)
$835,000
Change: +55% · Conversion: Moderate
RETAIL STORES
$725,000
Change: +35% · Conversion: Difficult
WAREHOUSE, STORAGE
$505,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $815k (Jul 27 2021)
Last sale anchor
$815k
Jul 27 2021
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
$169 / 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
$3,968
Tax year 2023
Assessed value
$532,630
Assessed 2023
Previous assessed
$327,410
+62.7% YoY
Effective rate
0.74%
On assessed value
Assessed land
$192,190
Assessed improvement
$340,440
Land market value
$192,190
Improvement market value
$340,440
Total market value
$532,630
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
1995
Heating
YES
Cooling
YES
Stories
1
Total area
4,800 SF
Lot
2.05 ac (89,298 SF)
Zoning code
GI
APN
4668-30-8457.000
UPID
US53-4752240
Jurisdiction
IREDELL
Zoning & alternative use
GI · Mooresville, NCZoning GI · permitted uses
GI · Mooresville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Layer: Town Zoning (ID: 3)
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$535,000
MEDICAL BUILDING
Est. value
$935,000
OFFICE BUILDING
Est. value
$870,000
COMMERCIAL (GENERAL)
Est. value
$835,000
RETAIL STORES
Est. value
$725,000
WAREHOUSE, STORAGE
Est. value
$505,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1995
Heating
YES
Cooling
Yes
Stories
1
Lot
2.05 ac
Current owner
From public records · entity-resolved
Lauffer Enterprises LLC
Entity
Mailing address
724 OAKRIDGE FARM HWY, MOORESVILLE, NC 28115-7948
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Aug 12, 2025
—
Lauffer Enterprises LLC
—
Deed
related
$784,508 · Atlantic Union Bank
Nov 14, 2023
—
Lauffer Enterprises LLC
—
Deed
related
$798,377 · First National Bank Of Pennsylvania
Jul 27, 2021
$815,000
Lauffer Enterprises LLC
Keith J Taylor
Warranty Deed
$829,800 · Pinncacle Bank
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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