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Property profile & analytics
OFF-MARKET
Estimated value
$2,930,000
Garden apartment buildings
17105 Kenton Dr, Cornelius, NC 28031-5653
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-5754048
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2001
Total area
59,290 SF
Lot
1.89 ac (82,198 SF)
Zoning code
VC
APN
506135
UPID
US53-5754048
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
-
Horton Design Group, PLLC Structural Engineer Engineer
-
Ridgeline Development Construction Company General Contractor
-
CoreFIT 24 7 Gym & Fitness Center
-
Integrity Home Mortgage Corporation Loan Service Bank
-
NewLife Counseling and Consultation Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.93M
Owner & transaction history
Cornerstone Coml Prop Portfol · 6 yrs held
Cornerstone Coml Prop Portfol
since 2020
7 recorded transactions
Zoning & alternative use
VC · 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
$49 / 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
$44,733
Tax year 2023
Assessed value
$6,922,500
Assessed 2024
Previous assessed
$6,999,100
-1.1% YoY
Effective rate
0.65%
On assessed value
Assessed land
$966,900
Assessed improvement
$5,955,600
Land market value
$966,900
Improvement market value
$5,955,600
Total market value
$6,922,500
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
3
Rooms
14
Total area
59,290 SF
Lot
1.89 ac (82,198 SF)
Zoning code
VC
APN
506135
UPID
US53-5754048
Jurisdiction
MECKLENBURG
Zoning & alternative use
VC · Cornelius, NC
Zoning VC · permitted uses
VC · 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
3
Buildings
3
Rooms
14
Lot
1.89 ac
Current owner
From public records · entity-resolved
Cornerstone Coml Prop Portfol
Individual
Mailing address
17115 KENTON DR STE 200A, CORNELIUS, NC 28031-5646
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2020
—
Cornerstone Coml Prop Portfol
P & C Kenton Place LLC
Grant Deed
$9,500,000 · Cibc
Oct 7, 2014
—
P & C Kenton Place LLC
—
Grant Deed
related
$2,400,000 · Hometrust Bk
May 22, 2013
$3,019,000
P & C Kenton Place LLC
Jpmcc 2005-ldp2 Kenton Drive L
Grant Deed
$2,500,000 · Charlotte Metro Cu
Jun 21, 2012
$6,529,594
2005-ldp2 Kenton Drive L Jpmcc
Dobbins Patti D
Trustees Deed
related
—
Mar 9, 2007
$8,900,000
Gordon Kenton Place LLC
17111 Kenton Dr
Grant Deed
—
Feb 4, 2005
$8,050,000
Kenton Dr 17111
Kenton LLC
Warranty Deed
$6,576,000 · Bond Street Capital Corp
Mar 25, 2004
—
Kenton LLC
—
Trustees Deed
related
$540,129 · Culp Brothers INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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