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Property profile & analytics
FOR LEASE
Office buildings
19410 Jetton Rd, Cornelius, NC 28031
Trust Owned
6-yr Hold
Free & Clear
Property ID
US53-5819453
For Lease
1 / 2
$28 SF/Yr
19410 Jetton Rd, Cornelius, NC 28031
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
18,114 SF
Lot
1.91 ac (83,200 SF)
Zoning code
VC
APN
147122
UPID
US53-5819453
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
-
Peninsula Village Parking Parking Lot & Garage
-
Terry E. Callison, DDS, MS, PA Dental Office
-
Susan V Thomas, P.C. Law Firm
-
Sanford Law Firm PC - Lake Norman Law Firm
-
Sandra L Knox PC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.22M
Comparable Approach
Comparable
$4.61M
Blend (final)
Blend
$4.35M
Owner & transaction history
Karres,gus N Family Trust · 6 yrs held
Karres,gus N Family Trust
since 2019
4 recorded transactions
Zoning & alternative use
VC · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.6M
+38.3%
Retail stores
$5.8M
+21.4%
Industrial (general)
$5.6M
+18.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,650,000
6.5%
$5,215,000
7%
$4,840,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,735,000
Current use
MEDICAL BUILDING
$6,550,000
Change: +38% · Conversion: Easy
RETAIL STORES
$5,750,000
Change: +21% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$5,605,000
Change: +18% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,225,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$4.35M
Range $3.91M – $4.78M · ±10%
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
$240 / 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
$21,552
Tax year 2023
Assessed value
$3,335,200
Assessed 2024
Previous assessed
$3,389,300
-1.6% YoY
Effective rate
0.65%
On assessed value
Assessed land
$1,458,500
Assessed improvement
$1,876,700
Land market value
$1,458,500
Improvement market value
$1,876,700
Total market value
$3,335,200
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2001
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
18,114 SF
Lot
1.91 ac (83,200 SF)
Zoning code
VC
APN
147122
UPID
US53-5819453
Jurisdiction
MECKLENBURG
Zoning & alternative use
VC · Cornelius, NC
Zoning VC · permitted uses
VC · 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
OFFICE BUILDING Current
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$6.6M
RETAIL STORES
Est. value
$5.8M
INDUSTRIAL (GENERAL)
Est. value
$5.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.2M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2001
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
1.91 ac
Current owner
From public records · entity-resolved
Karres,gus N Family Trust
Trust
Free & Clear · 6 yrs held
Mailing address
4601 CURRAGHMORE RD, CHARLOTTE, NC 28210-2701
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2019
—
Karres,gus N Family Trust
Karres Gus N Living Trust
Quit Claim Deed
related
—
Dec 15, 2015
—
Hondros Family LLC
Robinson,patricia H
Quit Claim Deed
related
—
Jun 24, 2014
—
Karres,gus N Living Trust
Karres,gus N & Patricia
Quit Claim Deed
related
—
Dec 5, 2005
$2,642,000
Gus N Karres
Peninsula Three LLC
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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