Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    18047 W Catawba Ave Cornelius, NC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Large office space with kitchenette, reception, and storage.

    Type:OFFICE
    Property size:
    1,165 SF
    Lot size:
    3.00 Acres
    Added:
    May 1, 2025
    Days on Market:
    367
    Last Refresh:
    Apr 5 at 8:14 pm

    Property Features for 18047 W Catawba Ave

    General Information

    Standard status
    Active
    Size
    1,165 SF
    Lot size
    3.00 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 18047 W Catawba Ave Contact us

    We can help!

    Listing Contact
    Gordon Allebach

    Listing agent Gordon Allebach

    Listing office G Brokerage

    Listing date May 1, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of G Brokerage

    Overview

    Spacious Office Space Available

    This office space offers 1,165 rentable square feet, featuring two very large offices, a kitchenette, a reception area, and storage. Common area restrooms are available, and the building is equipped with an elevator. The tenant is responsible for covering the cost of electricity, while the landlord maintains the HVAC system. The property is located in Cornelius, NC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lake Norman Children's ... Physician Shannon Morris Physician Jennifer Plummer Physician Kellye Slaggert Counselor Carolina Senior Benefits Insurance Agency

    Suggested Use

    Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cornelius
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8896
    Latitude
    35.4594

    Nearby Similar for Lease

    • $2,700/Mo

      Versatile Commercial Office Condo

      Commercial office condo in prime Cornelius location, ideal for professionals.
      19701 Bethel Church Road, Cornelius, NC 28031
      View Details
    • $25 SF/Yr

      Cornelius Office Space For Rent

      First-floor office space with customization options in Cornelius, NC.
      19520 W Catawba Avenue, Cornelius, NC 28031
      View Details
    • $26 SF/Yr

      Office Space on Catawba Avenue

      Second-floor office space with ample parking and Catawba Avenue frontage.
      19600 W Catawba Avenue, Cornelius, NC 28031
      View Details
    • $900/Mo

      Renovated Office Condo For Lease

      Recently renovated office condo with shared amenities in Cornelius, NC.
      8226 Village Harbor Drive, Cornelius, NC 28031
      View Details
    • Sponsored
      Contact for pricing

      Lake Norman

      19109 Catawba Ave, Unit 200, Cornelius, NC 28031
      View Details
    • $14 SF/Yr

      Flex Space with Extensive Office

      5,549 SF flex space featuring extensive office buildout.
      20484 Chartwell Center Dr, Cornelius, NC
      View Details
    • $5,000/Mo

      Renovated Office Space in Cornelius

      Newly renovated office space with modern amenities in a prime location.
      17015 Kenton Dr, Cornelius, NC
      View Details
    • $5,000/Mo

      Commercial Space For Rent

      Commercial space available for rent in Mecklenburg County.
      17015 Kenton Drive 200, Cornelius, NC 28031
      View Details
    • Contact for pricing

      Cornelius Retail Center For Lease

      22,405 SF retail center in desirable Cornelius submarket.
      19930 W Catawba Ave, Cornelius, NC 28031
      View Details
    • Contact for pricing

      Retail Outparcels in Cornelius, NC

      Outparcels and shop buildings available for lease in Cornelius.
      Westmoreland Rd & W. Catawba Ave, Cornelius, NC 28031
      View Details
    • Contact for pricing

      New Retail Construction Near Hospital

      New construction retail property in high-growth area near hospital.
      9623 Bailey Rd, Cornelius, NC
      View Details
    • Contact for pricing

      Community Center in Cornelius Submarket

      137,247 SF community center in desirable Cornelius submarket.
      20601 Torrence Chapel Rd, Cornelius, NC 28031
      View Details

    FAQs

    What type of property is this?
    Office units - Large office space with kitchenette, reception, and storage.
    Where is this office units located?
    The property is located at 18047 W Catawba Ave Cornelius, NC.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Very large offices (2) offer ample workspace; 1,165 rentable square feet; Welcoming reception area
    (704) 737-1270 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Gordon Allebach
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    18047 W Catawba Ave, Cornelius, NC

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!