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Property profile & analytics
OFF-MARKET
Estimated value
$3,045,000
Retail space
19425 Statesville Rd Cornelius, NC 28031-8537
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-3532212
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2020
Total area
7,545 SF
Lot
1.05 ac (45,738 SF)
Zoning code
CZ(MPD)
APN
518305
UPID
US53-3532212
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
-
O'Reilly Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.68M
Blend (final)
Blend
$3.05M
Owner & transaction history
Horizon Blvd LLC · 5 yrs held
Horizon Blvd LLC
since 2021
Last sale
$2.9M
6 recorded transactions
Zoning & alternative use
CZ(MPD) · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Conditional Zoning Districts (CZ) may be utilized to create new unique districts for those uses or developments noted to allow for CZ. CZ may be utilized in an effort to allow for those situations where a particular use or development, if properly planned, may have particular benefits or impacts on both the immediate area and the community as a whole. The de…
Zone name
Conditional Zoning Mixed Use Planned
General category
MIXED_USE
Zone area
619.16 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$4.9M
+103.8%
Restaurant
$4.5M
+86.9%
Medical building
$2.7M
+13.9%
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
$3,230,000
ML approach
$3,125,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,395,000
Current use
COMMERCIAL (GENERAL)
$4,880,000
Change: +104% · Conversion: Easy
RESTAURANT
$4,475,000
Change: +87% · Conversion: Easy
MEDICAL BUILDING
$2,725,000
Change: +14% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,335,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,175,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,070,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$3.05M
Range $2.74M – $3.35M · ±10% · vs last sale $2.92M (Apr 1 2021)
Last sale anchor
$2.92M
Apr 1 2021
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
$404 / 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
$15,915
Tax year 2023
Assessed value
$2,462,900
Assessed 2024
Previous assessed
$2,462,900
+0.0% YoY
Effective rate
0.65%
On assessed value
Assessed land
$1,285,800
Assessed improvement
$1,177,100
Land market value
$1,285,800
Improvement market value
$1,177,100
Total market value
$2,462,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2020
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
1
Total area
7,545 SF
Lot
1.05 ac (45,738 SF)
Zoning code
CZ(MPD)
APN
518305
UPID
US53-3532212
Jurisdiction
MECKLENBURG
Zoning & alternative use
CZ(MPD) · Cornelius, NCZoning CZ(MPD) · permitted uses
CZ(MPD) · Cornelius, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Conditional Zoning Districts (CZ) may be utilized to create new unique districts for those uses or developments noted to allow for CZ. CZ may be utilized in an effort to allow for those situations where a particular use or development, if properly planned, may have particular benefits or impacts on both the immediate area and the community as a whole. The development of these uses cannot be predetermined or controlled by general district standards. The applicant must provide an initial proposal that includes all proposed uses and standards for the conditional zoning district being proposed.
Zone name
Conditional Zoning Mixed Use Planned
General category
MIXED_USE
Zone area
619.16 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$4.9M
RESTAURANT
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2020
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Horizon Blvd LLC
Entity
Mailing address
2894 HARTFORD PL, FAYETTEVILLE, NC 28303-5275
Ownership since
2021
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
Apr 1, 2021
$2,917,000
Horizon Blvd LLC
Piedmont Companies INC
Special Warranty Deed
$1,750,200 · First Citizens Bank & Trust Co
Jun 26, 2020
$825,000
Piedmont Companies INC
Joseph R Navarro
Special Warranty Deed
$2,159,200 · Uwharrie Bank
May 1, 2018
$385,000
Joseph R Navarro
Autospas Of The Carolinas LLC
Warranty Deed
—
Mar 24, 2008
$635,000
Autospas Of The Carolinas LLC
Va Nc LLC
Warranty Deed
$487,500 · First National Bank
Oct 24, 2007
—
Va Nc LLC
Orchard Trace LLC
Warranty Deed
—
Oct 4, 2007
$650,000
Orchard Trace LLC
Dmc Properties INC
Grant Deed
$520,000 · First National Bank
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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