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

    20733 Catawba Ave Cornelius, NC 28031

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

    3344 SF retail/office building for sale in prime location.

    Type:Retail, Office
    Property size:
    3,344 SF
    Added:
    Nov 9, 2023
    Days on Market:
    892
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 20733 Catawba Ave

    General Information

    Standard status
    Active
    Size
    3,344 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    2024

    We can help!

    Listing Contact
    Scott Mladenik

    Listing agent Scott Mladenik License #NC 276355

    Listing office RE/MAX Executive

    Listing date Nov 9, 2023

    Source Crexi

    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 RE/MAX Executive

    Overview

    Retail/Office Building in Cornelius

    A 3344 square foot retail/office building is available for sale in Cornelius, North Carolina, situated in a prime location just east of exit 28 on I-77. The building, slated for completion in the second quarter of 2024, can be divided into three units or used as a single space. It will be delivered in cold dark shell condition, with the option for the developer to complete it to the buyer's specifications for an additional cost. The property is suitable for medical, office, or retail businesses. The building fronts Catawba Avenue, with parking located at the rear of the property.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Cornelius
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8698654
    Latitude
    35.4843296

    Nearby Similar for Sale

    • $425,000

      Versatile Commercial Office Condo

      Commercial office condo in prime Cornelius location, turnkey opportunity.
      19701 Bethel Church Road, Cornelius, NC 28031
      View Details
    • $550,000

      Office Space on Catawba Avenue

      Office space with signage opportunity on high-traffic Catawba Avenue.
      19824 W Catawba Avenue, Cornelius, NC 28031
      View Details
    • $125,000

      Mixed-Use Opportunity in Cornelius, NC

      Premier location with flexibility and development potential near downtown Cornelius.
      20724 Catawba Avenue, Cornelius, NC 28031
      View Details
    • $990,000
      2,119 SF

      Cornelius Retail/Office Investment Opportunity

      Turn-key retail/office property in Cornelius, NC, with development potential.
      19428 Zion Ave, Cornelius, NC
      View Details
    • $729,000

      Cornelius Retail Suites For Sale

      Retail suites available above UPS store location in Cornelius, NC.
      19701 Bethel Church Road 201 & 202, Cornelius, NC 28031
      View Details
    • $1,900,000
      3,808 SF

      Free Standing Commercial Building

      Well-maintained commercial building with expansion potential in Cornelius, NC.
      19625 Bethel Church Rd, Cornelius, NC
      View Details
    • $425,000
      1,412 SF

      Cornelius Office Condo For Sale

      Versatile commercial office condo in prime Cornelius location.
      19701 Bethel Church Road #301, Cornelius, NC 28031
      View Details
    • $1,249,000

      Modern Retail Property Near Downtown

      Fully leased commercial property in a desirable, walkable location.
      21030 Catawba Avenue, Cornelius, NC 28031
      View Details
    • $935,000
      2,119 SF

      Cornelius Mixed-Use Investment Opportunity

      Prime location near downtown Cornelius, suitable for various ventures.
      19428 Zion Avenue, Cornelius, NC 28031
      View Details
    • $350,000
      1,574 SF

      Retail Condo Investment Opportunity

      Retail condo with tenant in place until December 2027.
      18505 Statesville Rd, Cornelius, NC
      View Details
    • $700,000
      3,140 SF

      Mixed-Use Opportunity in Downtown Cornelius

      Mixed-use property with renovation potential in a prime location.
      20230 N Main Street, Cornelius, NC 28031
      View Details
    • $990,000
      2,119 SF

      Cornelius Mixed-Use Investment Opportunity

      2,119 SF mixed-use property in Cornelius, NC for sale.
      19428 Zion Ave, Cornelius, NC 28031
      View Details

    FAQs

    What type of property is this?
    Retail space - 3344 SF retail/office building for sale in prime location.
    Where is this retail space located?
    The property is located at 20733 Catawba Ave Cornelius, NC.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: Prime Cornelius location, just east of I‑77 (Exit 28).; New construction (2024) retail/office building.; 3344 SF building suitable for single user or divisible into 3 units.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Scott Mladenik
    Real Estate License ID: NC 276355
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!