Entity Owned Property summary
AI-generated overview
The property consists of approximately 0.50 acres of commercial land configured for outdoor storage. It is zoned HC—Highway Commercial and is described as grandfathered for car sales. The parcel is positioned along I-77 and Statesville Rd, with reported traffic counts of 88,500 AADT on I-77 and 14,000 AADT on Statesville Rd, providing visibility along the highway corridor and supporting highway-oriented uses consistent with the zoning and car-sales grandfathering.
Property profile
Verified
Property type
Other automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1980
Total area
4,050 SF
Lot
0.75 ac (32,612 SF)
Zoning code
HC(CD)
APN
517201
UPID
US53-1210697
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.23M
Owner & transaction history
since 2025
Last sale
$1.8M
6 recorded transactions
Zoning & alternative use
HC(CD) · Cornelius, NC
Zoning description
The Highway Commercial district is coded to provide for the location of auto-oriented and auto-dependent uses or those uses which have a definable market area which extends beyond the scale of the Neighborhood, Village o…
General category
COMMERCIAL
Top alternative use upside
Medical building
$1.5M
+31.8%
Retail stores
$1.3M
+15.7%
Neighborhood: shopping center
$1.2M
+5.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.23M
Value range
$1.11M – $1.35M
±10% around blend
Estimated value / SF
$304 / SF
Confidence
High
7 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
70
$1.11M
blend $1.23M
$1.35M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,050 SF
Lot area
0.75 ac
Year built
1980
Stories
1
APN
517201
Zoning
HC(CD)
Assessed value
$1,164,800
Annual tax
$7,527
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.52M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
14.0 mi away · 4,800 SF
14.2 mi away · 3,046 SF
17.5 mi away · 3,144 SF
20.0 mi away · 3,554 SF
20.0 mi away · 3,554 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.23M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 147 sales
$274
+11%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $304/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+32%
vs current-use indication
Retail Stores
Neighborhood: Shopping Center
Auto Repair, Garage · current use
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.75M
Move the market yield to see immediate price impact.
Value / SF
$432
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$110k
$2.21M
$1.57M
$1.23M
$123k
$2.45M
$1.75M
$1.36M
$135k
$2.70M
$1.92M
$1.50M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$825k
9.9 mi · Apr 2026 · $220/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,527
Tax year 2023
Assessed value
$1,164,800
Assessed 2024
Previous assessed
$1,192,400
-2.3% YoY
Effective rate
0.65%
On assessed value
Assessed land
$761,400
Assessed improvement
$403,400
Land market value
$761,400
Improvement market value
$403,400
Total market value
$1,164,800
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
2
Total area
4,050 SF
Lot
0.75 ac (32,612 SF)
Zoning code
HC(CD)
APN
517201
UPID
US53-1210697
Jurisdiction
MECKLENBURG
Zoning & alternative use
HC(CD) · Cornelius, NCZoning HC(CD) · permitted uses
HC(CD) · Cornelius, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The Highway Commercial district is coded to provide for the location of auto-oriented and auto-dependent uses or those uses which have a definable market area which extends beyond the scale of the Neighborhood, Village o…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Lot
0.75 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
HC(CD)
COMMERCIAL
Jurisdiction
Cornelius, NC
Recorded code
HC(CD)
Official district
HC(CD)
Official district profile
What the municipal code says about HC(CD)
Zoning description
The Highway Commercial district is coded to provide for the location of auto-oriented and auto-dependent uses or those uses which have a definable market area which extends beyond the scale of the Neighborhood, Village o…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for HC(CD) in Cornelius, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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