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Property profile & analytics
OFF-MARKET
Estimated value
$2,600,000
Life science properties
18606 Northline Dr, Cornelius, NC 28031-9321
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-0099729
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1999
Total area
8,450 SF
Lot
4.46 ac (194,190 SF)
Zoning code
IC
APN
522215
UPID
US53-0099729
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
-
King Asphalt - Cornelius Office General Contractor Construction Company
-
Reeves - Metrolina Regional Office General Contractor Construction Company
-
Granite Contracting General Contractor
-
Granite Contracting, LLC. Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.60M
Owner & transaction history
Tklls LLC · 2 yrs held
Tklls LLC
since 2024
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
IC · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.6M
+695.3%
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
$2,600,000
ML approach
$2,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,630,000
Change: +695% · Conversion: Difficult
Blend value · Realmo final
$2.60M
Range $2.34M – $2.86M · ±10% · vs last sale $2.60M (Feb 14 2024)
Last sale anchor
$2.60M
Feb 14 2024
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
$308 / 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
$12,601
Tax year 2023
Assessed value
$1,950,000
Assessed 2024
Previous assessed
$1,969,200
-1.0% YoY
Effective rate
0.65%
On assessed value
Assessed land
$931,000
Assessed improvement
$1,019,000
Land market value
$931,000
Improvement market value
$1,019,000
Total market value
$1,950,000
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
8,450 SF
Lot
4.46 ac (194,190 SF)
Zoning code
IC
APN
522215
UPID
US53-0099729
Jurisdiction
MECKLENBURG
Zoning & alternative use
IC · Cornelius, NC
Zoning IC · permitted uses
IC · Cornelius, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cornelius. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
4.46 ac
Current owner
From public records · entity-resolved
Tklls LLC
Entity
Mailing address
PO BOX 1480, CORNELIUS, NC 28031-1480
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2024
$2,600,000
Tklls LLC
Granite Properties LLC
Special Warranty Deed
$1,989,000 · Pinncacle Bank
Dec 19, 2017
—
Granite
—
Deed
related
$909,500 · First Citizens Bank And Trust Co INC
Mar 27, 2012
$730,000
Granite Properties LLC
Travelers Casualty & Surety Company
Warranty Deed
$687,225 · First Citizens Bank & Trust Co
Jul 1, 2011
$806,500
Travelers Casualty & Surety Co
Scurry Holdings LLC
Warranty Deed
—
Feb 18, 2004
$90,500
Charles R Crooks
Hyde Park Storage Suites INC
Warranty Deed
$81,000 · Regions Bank
Jan 8, 1999
$160,000
Sisco INC
—
Grant Deed
related
—
Jan 7, 1999
—
Sisco INC
Scurry,william P
Grant Deed
related
—
Jul 10, 1998
$160,000
William P Scurry
Scurry,william P
Grant Deed
related
—
—
—
Scurry Holdings LLC
—
Deed Of Trust
related
$806,400 · Travelers Casualty & Surety Co
—
—
Scurry Holdings LLC
—
Deed Of Trust
related
$1,500,000 · Branch Banking & Trust Co
—
—
Scurry Holdings LLC
—
Deed Of Trust
related
$327,000 · Wachovia Bank NA
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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