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    Property profile & analytics

    18825 Catawba Ave Cornelius, NC 28031-5546

    • Office buildings
    • 12,032 SF
    • 1.17 lot acres
    OFF-MARKET
    Value Estimations
    $490,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0134263
    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

    • Sodoma Law North / Divorce Lawyer
    • Martin Real Estate Team of Lake Norman / Real Estate Agency
    • Karen Browder - Southern Homes of the Carolinas / Real Estate Agent
    • Rose DuPuis, Southern Homes of the Carolinas / Real Estate Agent
    • First Bank - Cornelius, NC / Bank / Atm

    Property Details for 18825 Catawba Ave

    Year built
    2003
    Lot size
    1.17 lot acres
    Property size
    12,032 SF
    Zone code
    NMX
    Property type
    Office buildings
    APN
    186130
    APU
    186130

    Description

    This exceptional 3,409 square foot traditional office space, located at 18825 W Catawba, suite 100 in Mecklenburg County, presents a unique opportunity. Currently configured as a turnkey bank, the property boasts 2,750 square feet of usable space and features four large offices, two restrooms, a conference room, a kitchenette and break room, a full teller station, a two-lane drive-thru, and a secure vault. The space is ideal for a variety of businesses seeking a move-in ready solution with existing high-end finishes. Its location offers unparalleled visibility, with prime building signage visible from both sides of West Catawba Street, ensuring maximum brand exposure. The property is multi-tenant, and this specific suite is immediately available. The lease terms include a base rent of $30 per square foot, plus $5 per square foot in NNN charges. This is a rare opportunity to secure a well-appointed, highly visible office space in a thriving Cornelius location. The space's previous use as a bank provides a secure and functional layout, ready for immediate occupancy. Don't miss this chance to establish your business in a premier location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $490,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cornelius
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8916
    Latitude
    35.4701
    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
    $13,774
    $727,700
    $1,403,800
    $2,131,500
    -
    $727,700
    $1,403,800
    $2,131,500

    Comparable in this City

    • Value Estimation
      $1,150,000
      25,836 SF

      19620 Catawba Ave

      OFFICE BUILDING • 25,836 SF
      19620 Catawba Ave, Cornelius, NC 28031-4052
      View Details
    • Value Estimation
      $875,000
      23,256 SF

      17505 Catawba Ave

      OFFICE BUILDING • 23,256 SF
      17505 Catawba Ave, Cornelius, NC 28031-8057
      View Details
    • Value Estimation
      $310,000
      3,303 SF

      Cornelius, NC 28031

      OFFICE BUILDING • 3,303 SF
      Cornelius, NC 28031
      View Details
    • Value Estimation
      $690,000
      1,904 SF

      21024 Catawba Ave

      OFFICE BUILDING • 1,904 SF
      21024 Catawba Ave, Cornelius, NC 28031-8585
      View Details
    • Value Estimation
      $1,825,000
      2,762 SF

      Cornelius, NC 28031

      OFFICE BUILDING • 2,762 SF
      Cornelius, NC 28031
      View Details
    • Value Estimation
      $5,810,000
      17,960 SF

      19460 Jetton Rd

      OFFICE BUILDING • 17,960 SF
      19460 Jetton Rd, Cornelius, NC 28031
      View Details

    Similar Nearby for Sale

    • $1,050,000
      2,119 SF

      Cornelius Retail/Office Investment Opportunity

      Turn-key retail/office property in Cornelius, NC, with development potential.
      19428 Zion Ave, Cornelius, NC 28031
      View Details
    • New
      $700,000
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      Renovated mixed-use property with NMX zoning, suitable for various uses.
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    • $550,000
      1.03 Acres

      Office Space on Catawba Avenue

      Office space with signage opportunity on high-traffic Catawba Avenue.
      19824 W Catawba Ave, Cornelius, NC 28031
      View Details
    • New
      $729,000
      2,380 SF

      Tenant-Occupied Office Condos For Sale

      Two tenant-occupied office condos totaling 2,380 RSF in Cornelius, NC.
      19701 Bethel Church Rd, Cornelius, NC 28031
      View Details
    • $425,000

      Commercial Office Condo in Cornelius

      Versatile office condo in prime location, ideal for various uses.
      19701 Bethel Church Rd, Cornelius, NC 28031
      View Details
    • New
      $729,000
      2,380 SF

      Tenant-Occupied Office Condos For Sale

      Two tenant-occupied office condos totaling 2,380 RSF in Cornelius, NC.
      19701 Bethel Church Rd, Cornelius, NC 28031
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      2,145 SF

      Class A Office Building

      Two-story office building with ample parking and signage opportunities.
      19410 Jetton Rd, Cornelius, NC 28031
      View Details
    • Contact for pricing
      11,000 SF

      Historic Mill Space in Cornelius

      Unique retail and office spaces in Old Town Cornelius.
      19725 Oak St, 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
    • $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
    • $37 SF/Yr
      11,000 SF

      Regus Lake Norman Center

      Office space • 11,000 SF
      19109 Catawba Ave 200, Cornelius, NC 28031
      View Details
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    Cornelius, NC 28031-5546
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    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
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