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    Property profile & analytics

    17830 Statesville Rd Cornelius, NC 28031-9173

    • Retail space
    • 42,338 SF
    • 1.69 lot acres
    OFF-MARKET
    Value Estimations
    $6,005,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1778063
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by 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

    Property Details for 17830 Statesville Rd

    Year built
    2004
    Lot size
    1.69 lot acres
    Property size
    42,338 SF
    Zone code
    TN
    Property type
    Retail space
    APN
    503394
    APU
    503394

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,640,000
      6.5%
      $7,975,000
      7%
      $7,405,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cornelius
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8678
    Latitude
    35.4579
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $53,193
    $1,105,300
    $7,126,300
    $8,231,600
    -
    $1,105,300
    $7,126,300
    $8,231,600

    Comparable in this City

    • Value Estimation
      $8,550,000
      44,634 SF

      Cornelius, NC 28031

      RETAIL STORES (PERSONAL SERVICES) • 44,634 SF
      Cornelius, NC 28031
      View Details
    • Value Estimation
      $3,150,000
      19,442 SF

      20634 Main St

      RETAIL STORES (PERSONAL SERVICES) • 19,442 SF
      20634 Main St, Cornelius, NC 28031-8455
      View Details
    • Value Estimation
      $1,935,000
      15,565 SF

      20826 Torrence Chapel Rd

      RETAIL STORES (PERSONAL SERVICES) • 15,565 SF
      20826 Torrence Chapel Rd, Cornelius, NC 28031
      View Details
    • Value Estimation
      $820,000
      5,273 SF

      19818 Cv Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,273 SF
      19818 Cv Rd, Cornelius, NC 28031-6576
      View Details
    • Value Estimation
      $705,000
      6,468 SF

      19816 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,468 SF
      19816 Main St, Cornelius, NC 28031-8838
      View Details
    • Value Estimation by Request
      2,516 SF

      18920 Statesville Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,516 SF
      18920 Statesville Rd, Cornelius, NC 28031-6756
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,632 SF

      Downtown Cornelius Retail Opportunity

      Retail building in downtown Cornelius with high foot traffic.
      19829 S Main St, Cornelius, NC 28031
      View Details
    • $1,295,000
      3,344 SF

      Retail/Office/Medical Space Near I-77

      3344 SF retail/office/medical space near I-77.
      20733 Catawba Ave, Cornelius, NC 28031
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    • $990,000
      2,119 SF

      Cornelius Retail/Office Investment Opportunity

      Turn-key retail/office property in Cornelius, NC, with development potential.
      19428 Zion Ave, Cornelius, NC 28031
      View Details
    • $125,000
      0.15 Acres

      Mixed-Use Opportunity in Cornelius, NC

      Commercial lot with flexibility and development potential in Cornelius.
      20724 Catawba Ave, Cornelius, NC 28031
      View Details
    • $1,900,000
      3,808 SF

      Free Standing Commercial Building

      Well-maintained commercial building with expansion potential in Cornelius, NC.
      19625 Bethel Church Rd, Cornelius, NC 28031
      View Details
    • $1,500,000
      3,344 SF

      Catawba Ave Retail Storefront

      Cornelius, NC Retail Opportunity
      20733 Catawba Ave, Cornelius, NC 28031
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,775 SF

      Retail Space in Downtown Cornelius

      Retail space available in downtown Cornelius, delivering summer 2024.
      19801 S Main St, Cornelius, NC 28031
      View Details
    • Contact for pricing
      3,000 SF

      Downtown Cornelius Retail/Restaurant Space

      Historic building in arts district, ideal for restaurant or retail.
      21310 Catawba Ave, Cornelius, NC 28031
      View Details
    • Contact for pricing
      16,000 SF

      Historic Mill Space in Cornelius

      Unique retail and office spaces in Old Town Cornelius.
      19725 Oak St, Cornelius, NC 28031
      View Details
    • Contact for pricing

      Retail Outparcels in Cornelius, NC

      Outparcels and shop buildings available for lease in Cornelius.
      W Catawba Ave, Cornelius, NC 28031
      View Details
    • Contact for pricing

      Cornelius Retail Center For Lease

      22,405 SF retail center in desirable Cornelius submarket.
      19930 W Catawba Ave, Cornelius, NC 28031
      View Details
    • Contact for pricing

      Retail Opportunity Near Lake Norman

      Retail property available for rent in Cornelius, North Carolina.
      28031 Usa, Cornelius, NC 28031
      View Details
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    Cornelius, NC 28031-9173
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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