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Property profile & analytics
OFF-MARKET
Estimated value
$53,155,000
Specialty properties
Waterlynn Rd, Mooresville, NC 28117
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-0093847
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2007
Construction
WOOD
Total area
16,588 SF
Lot
19.86 ac (865,102 SF)
Zoning code
TN
APN
4656-04-8848.000
UPID
US53-0093847
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
$53.16M
Owner & transaction history
Gep X Waterlynn Owner LP · 5 yrs held
Gep X Waterlynn Owner LP
since 2020
Last sale
$58.0M
7 recorded transactions
Zoning & alternative use
TN · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$3,204 / 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
$644,981
Tax year 2023
Assessed value
$63,670,250
Assessed 2023
Previous assessed
$35,021,170
+81.8% YoY
Effective rate
1.01%
On assessed value
Assessed land
$2,323,620
Assessed improvement
$61,346,630
Land market value
$2,323,620
Improvement market value
$61,346,630
Total market value
$63,670,250
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Units
24
Bathrooms
4
Total area
16,588 SF
Lot
19.86 ac (865,102 SF)
Zoning code
TN
APN
4656-04-8848.000
UPID
US53-0093847
Jurisdiction
IREDELL
Zoning & alternative use
TN · Mooresville, NC
Zoning TN · permitted uses
TN · 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
2007
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
4
Units
24
Bathrooms
4
Lot
19.86 ac
Current owner
From public records · entity-resolved
Gep X Waterlynn Owner LP
Entity
Mailing address
750 BERING DR STE #300, HOUSTON, TX 77057-2132
Ownership since
2020
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
Oct 28, 2020
$58,000,000
Gep X Waterlynn Owner LP
Waypoint Waterlynn Owner LLC
Grant Deed
$40,000,000 · Jll R/e Cap LLC
Nov 7, 2016
$39,500,100
Waypoint Waterlynn Owner LLC
Waterlynn Ridge Apartments LLC
Grant Deed
related
$25,800,000 · * Other Institutional Lenders
Jun 10, 2013
—
Waterlynn Ridge Apartments LLC
Asheville Eastwood Apartments
Grant Deed
related
$29,677,800 · P R Mortgage & Investment Corp
Dec 21, 2012
$3,598,000
Asheville Eastwood Apartments
Waterlynn Ridge Apartments LLC
Grant Deed
—
Nov 16, 2012
$34,500,000
Asheville Eastwood Apartments
Faison-waterlynn Apartments In
Grant Deed
$27,864,000 · Us Bank NA
Oct 1, 2010
$166,000
Standard Pacific Of Carolinas LLC
Faison-waterlynn II LLC
Grant Deed
—
May 21, 2010
$110,500
Standard Pacific Of Carolinas LLC
Faison-waterlynn II LLC
Grant Deed
—
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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