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Property profile & analytics
OFF-MARKET
Estimated value
$8,995,000
Industrial properties
10415 Bailey Rd Cornelius, NC 28031-9442
Entity Owned
4-yr Hold
Property ID
US53-2052899
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1965
Total area
72,000 SF
Lot
5.87 ac (255,697 SF)
Zoning code
IC
APN
522101
UPID
US53-2052899
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
-
EMI Master Finishers Hardware & Home Improvement Kitchen & Bath Showroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.21M
Comparable Approach
Comparable
$11.65M
Blend (final)
Blend
$9.00M
Owner & transaction history
Lkn Business Park LLC · 4 yrs held
Lkn Business Park LLC
since 2022
6 recorded transactions
Zoning & alternative use
IC · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Industrial Campus districts are coded to permit the development of light industries. Such developments are typically too large in scale to fit within a neighborhood environment and should be buffered from surrounding neighborhood uses.
Zone name
Industrial Campus
General category
INDUSTRIAL
Zone area
361.56 ac
Source
Realmo
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 Cornelius submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cornelius 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,730,000
6.5%
$6,210,000
7%
$5,765,000
Blend value · Realmo final
$9.00M
Range $8.10M – $9.89M · ±10%
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
$125 / 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
$31,131
Tax year 2023
Assessed value
$4,817,600
Assessed 2024
Previous assessed
$2,827,900
+70.4% YoY
Effective rate
0.65%
On assessed value
Assessed land
$1,434,000
Assessed improvement
$3,383,600
Land market value
$1,434,000
Improvement market value
$3,383,600
Total market value
$4,817,600
Applied tax rate
2.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1965
Heating
FORCED AIR
Cooling
YES
Buildings
4
Stories
1
Rooms
6
Bathrooms
2
Total area
72,000 SF
Lot
5.87 ac (255,697 SF)
Zoning code
IC
APN
522101
UPID
US53-2052899
Jurisdiction
MECKLENBURG
Zoning & alternative use
IC · Cornelius, NCZoning IC · permitted uses
IC · Cornelius, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Industrial Campus districts are coded to permit the development of light industries. Such developments are typically too large in scale to fit within a neighborhood environment and should be buffered from surrounding neighborhood uses.
Zone name
Industrial Campus
General category
INDUSTRIAL
Zone area
361.56 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1965
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Rooms
6
Bathrooms
2
Lot
5.87 ac
Current owner
From public records · entity-resolved
Lkn Business Park LLC
Entity
Mailing address
9606 BAILEY RD STE #247, CORNELIUS, NC 28031-6125
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2023
—
Lkn Business Park LLC
—
Deed
related
$2,235,500 · Truliant FCU
Dec 1, 2022
—
Lkn Business Park LLC
—
Deed
related
$2,193,500 · Truliant FCU
Apr 14, 2022
—
Lkn Business Park LLC
Djk Storage LLC
Deed
$2,285,000 · Truliant FCU
Dec 29, 2011
—
Kunkleman Daniel J Life Trust
Kunkleman Kathryn L Trust
Quit Claim Deed
related
—
Nov 24, 1997
—
Kathryn L Kunkleman
Kunkleman,kathry
Quit Claim Deed
related
—
Oct 27, 1988
$143,000
Robert E Kunkleman
Unknown
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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