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Property profile & analytics
OFF-MARKET
Estimated value
$1,560,000
Day care centers
18100 Statesville Rd Cornelius, NC 28031
Entity Owned
1-yr Hold
Property ID
US53-5689373
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2021
Total area
22,597 SF
Lot
4.13 ac (179,859 SF)
Zoning code
NR
APN
508119
UPID
US53-5689373
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.56M
Owner & transaction history
Leaespring School Cornelius INC · 1 yrs held
Leaespring School Cornelius INC
since 2024
6 recorded transactions
Zoning & alternative use
NR · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Neighborhood Residential (NR) district is coded to preserve a mixture of residential uses at medium densities, along with schools and other civic uses normally found in a residential area. The street and open space designs in these areas are used to create compatibility along frontages that encourage pedestrian interaction and discourage high automobile…
Zone name
Neighborhood Residential
General category
CIVIC_INSTITUTIONAL
Zone area
2,022.04 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
$69 / 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
$33,485
Tax year 2023
Assessed value
$5,181,800
Assessed 2024
Previous assessed
$5,306,200
-2.3% YoY
Effective rate
0.65%
On assessed value
Assessed land
$1,260,600
Assessed improvement
$3,921,200
Land market value
$1,260,600
Improvement market value
$3,921,200
Total market value
$5,181,800
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2021
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Bathrooms
2
Total area
22,597 SF
Lot
4.13 ac (179,859 SF)
Zoning code
NR
APN
508119
UPID
US53-5689373
Jurisdiction
MECKLENBURG
Zoning & alternative use
NR · Cornelius, NCZoning NR · permitted uses
NR · Cornelius, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Neighborhood Residential (NR) district is coded to preserve a mixture of residential uses at medium densities, along with schools and other civic uses normally found in a residential area. The street and open space designs in these areas are used to create compatibility along frontages that encourage pedestrian interaction and discourage high automobile speeds.
Zone name
Neighborhood Residential
General category
CIVIC_INSTITUTIONAL
Zone area
2,022.04 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2021
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
2
Lot
4.13 ac
Current owner
From public records · entity-resolved
Leaespring School Cornelius INC
Entity
Mailing address
8314 SOCIETY ST, CHARLOTTE, NC 28277-6564
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2024
—
Leaespring School Cornelius INC
Quad Properties Cornelius LLC
Deed
—
Oct 31, 2024
$89,800
Quad Properties Cornelius LLC
Bazow Holdings Cornelius LLC
Special Warranty Deed
$7,633,000 · First Horizon Bank
Jul 21, 2023
—
Bazow Holdings Cornelius LLC
Jay D Holdings Cornelius INC
Special Warranty Deed
—
Aug 19, 2020
$1,200,000
Jay D Holdings Cornelius INC
Bruce F Grigg
Warranty Deed
$4,081,750 · The Fidelity Bank
May 26, 2010
$52,000
Bruce F Grigg
Mulligan,richard H & Harriet J
Warranty Deed
—
May 24, 2010
$52,000
Bruce F Grigg
Frady,robert R & Susan
Warranty Deed
—
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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