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Property profile & analytics
OFF-MARKET
Drive through restaurants
17029 Kenton Dr, Cornelius, NC 28031-5642
Entity Owned
Free & Clear
Property ID
US53-1997825
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2001
Total area
1,344 SF
Lot
0.46 ac (20,232 SF)
Zoning code
VC(CD)
APN
506133
UPID
US53-1997825
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
-
Bruster's Real Ice Cream Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Samoni Hospitality LLC
Samoni Hospitality LLC
since 2025
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
VC(CD) · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
—
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
$3,441
Tax year 2023
Assessed value
$532,500
Assessed 2024
Previous assessed
$573,300
-7.1% YoY
Effective rate
0.65%
On assessed value
Assessed land
$283,600
Assessed improvement
$248,900
Land market value
$283,600
Improvement market value
$248,900
Total market value
$532,500
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
1,344 SF
Lot
0.46 ac (20,232 SF)
Zoning code
VC(CD)
APN
506133
UPID
US53-1997825
Jurisdiction
MECKLENBURG
Zoning & alternative use
VC(CD) · Cornelius, NC
Zoning VC(CD) · permitted uses
VC(CD) · Cornelius, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cornelius. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Samoni Hospitality LLC
Entity
Free & Clear · 0 yrs held
Mailing address
21004 N 16TH WAY, PHOENIX, AZ 85024-4354
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2025
—
Samoni Hospitality LLC
Advance Clinton Avenue LLC
Quitclaim Deed
related
—
Dec 18, 2025
$1,050,000
Samoni Hospitality LLC
Advance Clinton Avenue LLC
Warranty Deed
—
Jul 26, 2023
$73,575
Department Of Transportation
Advance Clinton Avenue LLC
Deed
—
May 7, 2020
$585,000
Advance Clinton Avenue LLC
Stuart Modeen
Warranty Deed
—
—
—
Kenton Place Ice Cream LLC
—
Deed Of Trust
related
$275,000 · Rbc Centura Bank
—
—
Kenton Place Ice Cream LLC
—
Deed Of Trust
related
$630,000 · Bank Of Commerce
—
—
Kenton Place Ice Cream LLC
—
Deed Of Trust
related
$50,000 · Rbc Centura Bank
—
—
Kenton Place Ice Cream LLC
—
Deed Of Trust
related
$314,500 · Bank Of Commerce
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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