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    Property profile & analytics
    OFF-MARKET Estimated value $1,770,000
    Industrial properties

    18515 Old Statesville Rd, Cornelius, NC 28031-9067

    13,608 SF 1.13 ac lot Built 2002
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-5562408
    Property summary
    AI-generated overview

    This exceptional 13,500 square foot flex space industrial building, constructed in 2002, is ideally situated in Cornelius, North Carolina, at 18515 Old Statesville Rd, zip code 28031. The single-story building offers five suites, with a total of 32 parking spaces and five drive-in bays. Currently, the entire 13,500 square feet is available for lease. The space is highly versatile, catering to a range of business needs. Units can be leased individually, with a minimum divisible space of 2,625 square feet and a maximum contiguous space of 10,500 square feet. Each suite boasts a 14-foot ceiling height, providing ample vertical space. The building's prime location on a main road ensures excellent visibility, making it perfect for businesses requiring high foot traffic or prominent road frontage. The design is well-suited for businesses needing both retail/showroom space and warehouse storage, with each suite featuring both a front retail entrance and a rear bay door. The entire building is climate-controlled, offering year-round comfort. This property presents a unique opportunity for businesses seeking a functional and strategically located space in the thriving Lake Norman area, close to Charlotte.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 2002
    Total area 13,608 SF
    Lot 1.13 ac (49,223 SF)
    Zoning code IC
    APN 533137
    UPID US53-5562408
    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
    • Gouveia Fitness Gym & Fitness Center
    • The Fungo - An Indoor Training Center for Baseball and Softball Arcade & Gaming Center Sports Field & Court
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.77M
    CAP Approach CAP
    $1.18M
    Comparable Approach Comparable
    $2.36M
    Blend (final) Blend
    $1.77M
    Owner & transaction history
    Farlow Gap LLC · 1 yrs held
    Farlow Gap LLC
    since 2024
    Last sale
    $1.8M
    4 recorded transactions
    2024
    $1.8M
    2018
    2008
    $1.4M
    1969
    Zoning & alternative use
    IC · Cornelius, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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