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    Property profile & analytics

    18616 Statesville Rd Cornelius, NC 28031-6847

    • Warehouses
    • 5,500 SF
    • 1.03 lot acres
    OFF-MARKET
    Value Estimation
    $1,040,000
    Last Sale
    Jun 11, 2021
    $950,000
    Location Intelligence
    Property ID
    US53-1294711
    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

    • LKN Auto Repair / Auto Repair Shop / Car Repair And Maintenance Service
    • Window Hero Lake Norman / Gutter Service / Pressure Washing Service
    • Moore Deals For Less / Home Goods Store

    Property Details for 18616 Statesville Rd

    Year built
    1988
    Lot size
    1.03 lot acres
    Property size
    5,500 SF
    Zone code
    NR
    Property type
    Warehouses
    APN
    514115
    APU
    514115

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,050,000

    • CAP approach

      CAP return
      Estimation
      6%
      $980,000
      6.5%
      $1,060,000
      7%
      $1,050,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $975,000
      Geo Method
      $880,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $900,000
      Retail
      $1,040,000
      Mixed-Use
      $885,000
      Hospitality
      $1,075,000
      Educational
      $1,105,000
      Residential Income
      $1,045,000
      Energy
      $1,155,000
      Income-Based Land
      $1,090,000
      Food Service
      $1,140,000

    Location Insight

    • Map
    • Local Demand
    City
    Cornelius
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8715
    Latitude
    35.4673
    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
    $5,949
    $584,600
    $336,000
    $920,600
    -
    $584,600
    $336,000
    $920,600

    Comparable in this City

    • Value Estimation by Request
      75,790 SF

      18601 Old Statesville Rd

      MINI-WAREHOUSE, STORAGE • 75,790 SF
      18601 Old Statesville Rd, Cornelius, NC 28031-9069
      View Details
    • Value Estimation
      $8,300,000
      50,082 SF

      18016 Kings Pt Dr

      WAREHOUSE, STORAGE • 50,082 SF
      18016 Kings Pt Dr, Cornelius, NC 28031
      View Details
    • Value Estimation by Request
      4,860 SF

      10901 Bailey Rd

      WAREHOUSE, STORAGE • 4,860 SF
      10901 Bailey Rd, Cornelius, NC 28031-9105
      View Details
    • Value Estimation by Request
      16,292 SF

      18926 Catawba Ave

      MINI-WAREHOUSE, STORAGE • 16,292 SF
      18926 Catawba Ave, Cornelius, NC 28031-5605
      View Details
    • Value Estimation
      $235,000
      6,000 SF

      18309 Statesville Rd

      WAREHOUSE, STORAGE • 6,000 SF
      18309 Statesville Rd, Cornelius, NC 28031-9184
      View Details
    • Value Estimation by Request
      5,000 SF

      18500 Starcreek Dr

      WAREHOUSE, STORAGE • 5,000 SF
      18500 Starcreek Dr, Cornelius, NC 28031-9329
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,163 SF

      Cornelius Flex Space For Sale

      Flex space property with surplus land for development.
      11034 Bailey Rd, Cornelius, NC 28031
      View Details
    • Contact for pricing
      1.17 Acres

      Jetton Road Development Opportunity

      1.17 Acres, High-Traffic Location, VC Zoning
      19820 Jetton Rd, Cornelius, NC 28031
      View Details
    • $1,050,000
      1.54 Acres

      Cornelius Land: Prime Development Site

      1.54 Acres, Mixed-Use Zoning, Catawba Ave.
      0 Catawba Ave, Cornelius, NC 28031
      View Details
    • $1,250,000
      3.99 Acres

      Cornelius Commercial Land - Prime Location

      ±3.99 Acres, Development Ready, Cornelius, NC
      10100 Bailey Rd, 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
    • $500,000
      0.61 Acres

      Cornelius Land Investment Opportunity

      Land in high-traffic area near proposed project, great investment potential.
      20232 Zion Ave, Cornelius, NC 28031
      View Details

    Similar Nearby for Lease

    • $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
    • $14 SF/Yr
      5,549 SF

      Flex Space with Extensive Office

      5,549 SF flex space featuring extensive office buildout.
      20484 Chartwell Center Dr, Cornelius, NC 28031
      View Details
    • $20 SF/Yr
      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
      15,000 SF

      Highway 73 Office, Medical, Retail

      Office, medical, retail spaces with highway visibility and access.
      Kenton Dr, 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
    • $5,000 /Mo
      2,022 SF

      Renovated Office Space in Cornelius

      Newly renovated office space with modern amenities in a prime location.
      17015 Kenton Dr, Cornelius, NC 28031
      View Details
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    18616 Statesville Rd
    Cornelius, NC 28031-6847
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    Realmo Value Estimation

    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.

    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.

    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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