Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,005,000
Retail space
17830 Statesville Rd Cornelius, NC 28031-9173
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1778063
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Total area
42,338 SF
Lot
1.69 ac (73,442 SF)
Zoning code
TN
APN
503394
UPID
US53-1778063
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
-
Business Marketing Solutions Group Marketing & Advertising
-
Shannon Campagna Custom Picture Framing (Bike/Boat/Book/etc) Store Home Decor Store
-
131 MAIN Restaurant Restaurant
-
Redmond CPA PLLC Accounting Firm
-
Impact Direct Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.98M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.01M
Owner & transaction history
Oakhurst Properties LLC · 21 yrs held
Oakhurst Properties LLC
since 2005
5 recorded transactions
Zoning & alternative use
TN · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The TN District exists on the current zoning map, but was repealed effective June 7, 1999 and the Code provisions of the district have been consolidated into the Neighborhood Residential and Neighborhood Mixed Use Districts.
Zone name
Traditional Neighborhood
General category
MIXED_USE
Zone area
159.79 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%
$8,640,000
6.5%
$7,975,000
7%
$7,405,000
Blend value · Realmo final
$6.01M
Range $5.40M – $6.61M · ±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
$142 / 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
$53,193
Tax year 2023
Assessed value
$8,231,600
Assessed 2024
Previous assessed
$8,273,500
-0.5% YoY
Effective rate
0.65%
On assessed value
Assessed land
$1,105,300
Assessed improvement
$7,126,300
Land market value
$1,105,300
Improvement market value
$7,126,300
Total market value
$8,231,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
42,338 SF
Lot
1.69 ac (73,442 SF)
Zoning code
TN
APN
503394
UPID
US53-1778063
Jurisdiction
MECKLENBURG
Zoning & alternative use
TN · Cornelius, NCZoning TN · permitted uses
TN · Cornelius, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The TN District exists on the current zoning map, but was repealed effective June 7, 1999 and the Code provisions of the district have been consolidated into the Neighborhood Residential and Neighborhood Mixed Use Districts.
Zone name
Traditional Neighborhood
General category
MIXED_USE
Zone area
159.79 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2004
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Lot
1.69 ac
Current owner
From public records · entity-resolved
Oakhurst Properties LLC
Entity
Mailing address
9624 BAILEY RD STE #270, CORNELIUS, NC 28031-6120
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
Mar 22, 2017
—
Oakhurst Properties LLC
—
Grant Deed
related
$9,000,000 · Goldman-sachs Mtg
Mar 7, 2005
—
Oakhurst Properties LLC
—
Trustees Deed
related
$495,000 · Bank Of Granite
Jan 11, 2005
—
Oakhurst Properties LLC
Mariner Holdings LLC
Warranty Deed
—
Nov 7, 2003
$1,000,000
Oakhurst Properties LLC
Oakhurst Partners LLC
Grant Deed
related
—
—
—
Oakhurst Properties LLC
—
Deed Of Trust
related
$6,640,000 · Bridger Commercial Funding LLC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 17830 Statesville Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
