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Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Retail space
10913 Bailey Rd Cornelius, NC 28031-9105
Individually Owned
15-yr Hold
~
Est. High Equity
Property ID
US53-2430620
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2011
Total area
15,388 SF
Lot
1.71 ac (74,444 SF)
Zoning code
IC
APN
539108
UPID
US53-2430620
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
-
The Range at Lake Norman Ammunition Supplier Firearms Academy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.85M
Owner & transaction history
Norman Sporting Arms Lake · 15 yrs held
Norman Sporting Arms Lake
since 2011
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$120 / 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
$14,591
Tax year 2023
Assessed value
$2,258,000
Assessed 2024
Previous assessed
$2,270,100
-0.5% YoY
Effective rate
0.65%
On assessed value
Assessed land
$469,000
Assessed improvement
$1,789,000
Land market value
$469,000
Improvement market value
$1,789,000
Total market value
$2,258,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2011
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
15,388 SF
Lot
1.71 ac (74,444 SF)
Zoning code
IC
APN
539108
UPID
US53-2430620
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
2011
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.71 ac
Current owner
From public records · entity-resolved
Norman Sporting Arms Lake
Individual
Mailing address
10913 BAILEY RD, CORNELIUS, NC 28031-9105
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2011
$240,000
Norman Sporting Arms Lake
Sisson,brian P & Patricia P
Quit Claim Deed
related
$2,040,000 · Blueharbor Bank
Jan 25, 2011
$240,000
Brian P Sisson
Bost,jeffrey L
Warranty Deed
—
Oct 19, 2007
$250,000
Jeffrey L Bost
Bost,john M & Billie R
Warranty Deed
related
$200,000 · Bank Of Granite
—
—
Norman Sporting Arms Lake
—
Deed Of Trust
related
$848,000 · Business Expansion Funding Cor
—
—
Norman Sporting Arms Lake
—
Deed Of Trust
related
$2,256,510 · Blueharbor Bank
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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