Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    18110 Manhatten Pkwy Cornelius, NC 28031-4061

    • Day care centers
    • 8,000 SF
    • 0.96 lot acres
    OFF-MARKET
    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1981362
    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

    • The Goddard School of Cornelius / Daycare Center

    Property Details for 18110 Manhatten Pkwy

    Year built
    2001
    Lot size
    0.96 lot acres
    Property size
    8,000 SF
    Zone code
    VC
    Property type
    Day care centers
    APN
    512185
    APU
    512185

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $745,000
      Market price range: $330k - $1.19M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cornelius
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8859
    Latitude
    35.4785
    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
    $10,636
    $517,200
    $1,128,700
    $1,645,900
    -
    $517,200
    $1,128,700
    $1,645,900

    Comparable in this City

    • Value Estimation
      $900,000
      10,198 SF

      17026 Kenton Dr

      DAY CARE, PRE-SCHOOL • 10,198 SF
      17026 Kenton Dr, Cornelius, NC 28031-5642
      View Details
    • Value Estimation
      $3,140,000
      9,754 SF

      19619 Catawba Ave

      DAY CARE, PRE-SCHOOL • 9,754 SF
      19619 Catawba Ave, Cornelius, NC 28031-4002
      View Details
    • Value Estimation
      $1,145,000
      11,371 SF

      8715 Westmoreland Rd

      DAY CARE, PRE-SCHOOL • 11,371 SF
      8715 Westmoreland Rd, Cornelius, NC 28031-7803
      View Details
    • Value Estimation by Request
      5,029 SF

      18104 Manhatten Pkwy

      DAY CARE, PRE-SCHOOL • 5,029 SF
      18104 Manhatten Pkwy, Cornelius, NC 28031-4061
      View Details
    • Value Estimation
      $1,350,000
      7,800 SF

      19430 Catawba Ave

      DAY CARE, PRE-SCHOOL • 7,800 SF
      19430 Catawba Ave, Cornelius, NC 28031-4000
      View Details
    • Value Estimation
      $640,000
      11,128 SF

      16420 Sedgebrook Ln

      DAY CARE, PRE-SCHOOL • 11,128 SF
      16420 Sedgebrook Ln, Cornelius, NC 28031
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,767 SF

      New Retail Construction Near Hospital

      New construction retail property in high-growth area near hospital.
      9623 Bailey Rd, Cornelius, NC 28031
      View Details
    • $700,000
      2,545 SF

      Mixed-Use Opportunity in Downtown Cornelius

      Mixed-use property with renovation potential in the heart of Cornelius.
      20230 N Main St, Cornelius, NC 28031
      View Details
    • Contact for pricing

      6.98 Acre Commercial Land Site

      6.98-acre site at signalized intersection, rough graded pads available.
      18816 West Catawba Ave, Cornelius, NC 28031
      View Details
    • $415,000
      0.61 Acres

      Cornelius Land Investment Opportunity

      Land for sale in high-traffic Cornelius neighborhood.
      20232 Zion Ave, Cornelius, NC 28031
      View Details
    • $650,000
      1.10 Acres

      Cornelius Commercial Land For Sale

      1.1 acre commercial land near Catawba Avenue in Cornelius, NC.
      18800 Nantz Rd, Cornelius, NC 28031
      View Details
    • Contact for pricing

      Commercial Land Pad Opportunity

      Commercial land available for ground lease or build-to-suit.
      18830 W Catawba Ave, Cornelius, NC 28031
      View Details

    Similar Nearby for Lease

    • 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
    • $14 SF/Yr
      92,049 SF

      Lake Norman Commerce Center: Flex Space Available

      North Charlotte industrial space, 948-3712 sq ft.
      20464-20488 Chartwell Center Dr, Cornelius, NC 28031
      View Details
    • $395 /Mo
      436 SF

      Office Space in Cornelius, NC

      Office space available for lease in Cornelius, North Carolina.
      8207 Village Harbor Dr, Cornelius, NC 28031
      View Details
    • Contact for pricing
      1,165 SF

      Spacious Office Space Available

      Large office space with kitchenette, reception, and storage.
      18047 W Catawba Ave, 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
      15,000 SF

      Highway 73 Office, Medical, Retail

      Office, medical, retail spaces with highway visibility and access.
      Kenton Dr, Cornelius, NC 28031
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18110 Manhatten Pkwy
    Cornelius, NC 28031-4061
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!