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Property profile & analytics
FOR LEASE
Automotive properties
19401 Statesville Rd, Cornelius, NC 28031
Entity Owned
Free & Clear
Property ID
US53-1210697
For Lease
1 / 2
$120,000 SF/Yr
19401 Statesville Rd, Cornelius, NC 28031
View Listing →
Property profile
Verified
Property type
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.53M
Owner & transaction history
7205 Smith Corners LLC
7205 Smith Corners LLC
since 2025
Last sale
$1.8M
6 recorded transactions
Zoning & alternative use
HC(CD) · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+31.8%
Retail stores
$1.3M
+15.7%
Neighborhood: shopping center
$1.2M
+5.2%
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
$1,230,000
ML approach
$1,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,110,000
Current use
MEDICAL BUILDING
$1,465,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$1,285,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,170,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$1,060,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10% · vs last sale $1.75M (Jul 20 2025)
Last sale anchor
$1.75M
Jul 20 2025
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
$377 / 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
$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
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
For Lease
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, NC
Zoning HC(CD) · permitted uses
HC(CD) · 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
AUTO REPAIR, GARAGE Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1980
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Lot
0.75 ac
Current owner
From public records · entity-resolved
7205 Smith Corners LLC
Entity
Free & Clear · 0 yrs held
Mailing address
404 LK SHR DR, SUNSET BEACH, NC 28468-4506
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2025
$1,750,000
7205 Smith Corners LLC
19401 Statesville Rtd LLC
Warranty Deed
—
Apr 24, 2025
$1,750,000
19401 Statesville Rtd LLC
Michael C O'hare
Special Warranty Deed
—
Jul 26, 2022
$1,225,000
Michael C Ohare Revocable Living Tr
Auto Group Management LLC
Special Warranty Deed
$800,000 · Pinncacle Bank
Jul 2, 2014
$590,000
Auto Group Management LLC
Karen C Shue
Warranty Deed
$498,100 · Aquesta Bank
Dec 8, 1999
$350,000
Ronald P Shue
Sanders,robert G
Grant Deed
—
Jul 1, 1994
$160,000
Robert G Sanders
Wiseman,lester S
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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