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    18505 Statesville Rd Cornelius, NC 28031

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    For Sale
    $350,000

    Retail condo with tenant in place until December 2027.

    Property size:
    1,574 SF
    Lot size:
    5.07 Acres

    Property Features for 18505 Statesville Rd

    General Information

    Size
    1,574 SF
    Lot size
    5.07 Acres

    Source: KW Commercial-Ballantyne Agent Matthew C. Hagler

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Condo Investment Opportunity

    This retail condominium is an investment property that provides immediate income in an expanding market. The property is currently operating as a pet-grooming business, with the lease expiring in December 2027. The 1574 square-foot space is prominently situated with visibility along the heavily traveled Statesville Road corridor. The current build-out includes open work areas, grooming bays, a reception/waiting area, two offices, storage/utility space, and a kitchen.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Clarise Tattoos Tattoo Shop Inner Chi Bodywoks Massage Therapist Lake Norman Day ... Day Spa Bella Salon Beauty Salon Villaggio Nails & Spa Nail Salon

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cornelius
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8721981
    Latitude
    35.4658709

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    FAQs

    What type of property is this?
    Retail space - Retail condo with tenant in place until December 2027.
    Where is this retail space located?
    The property is located at 18505 Statesville Rd Cornelius, NC.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Immediate income-generating investment property.; - Located in a desirable and expanding market.; - Lease in place until December 2027.
    (704) 408-8867
    Request Owner's contact information
    18505 Statesville Rd Cornelius, NC 28031
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    Cornelius, NC 28031
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18505 Statesville Rd Cornelius, NC 28031
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