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Property profile & analytics
FOR SALE
Office buildings
19428 Zion Ave Cornelius, NC 28031
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0502261
For Sale
1 / 44
$895,000
19428 Zion Ave, Cornelius, NC 28031
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1911
Total area
2,089 SF
Lot
0.81 ac (35,352 SF)
Zoning code
NMXCU
APN
710107
UPID
US53-0502261
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
-
Kaykeez Permanent Cosmetics Medical Clinic Skin Care Clinic
-
Glow Up With KT Spa & Massage Center
-
Harmony & Balance Massage & Wellness Co-Op Alternative Medicine Practice Spa & Massage Center
-
Susan Duncan Wellness and Massage Alternative Medicine Practice Spa & Massage Center
-
Foiled salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
David J Salama · 4 yrs held
David J Salama
since 2022
Last sale
$225,000
7 recorded transactions
Zoning & alternative use
NMXCU · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,425
Tax year 2023
Assessed value
$375,200
Assessed 2024
Previous assessed
$405,300
-7.4% YoY
Effective rate
0.65%
On assessed value
Assessed land
$226,500
Assessed improvement
$148,700
Land market value
$226,500
Improvement market value
$148,700
Total market value
$375,200
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 Sale
Year built
1911
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Bathrooms
2
Total area
2,089 SF
Lot
0.81 ac (35,352 SF)
Zoning code
NMXCU
APN
710107
UPID
US53-0502261
Jurisdiction
MECKLENBURG
Zoning & alternative use
NMXCU · Cornelius, NC
Zoning NMXCU · permitted uses
NMXCU · 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.
Building & site characteristics
From public records
Year built
1911
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
2
Lot
0.81 ac
Current owner
From public records · entity-resolved
David J Salama
Individual
Mailing address
19428 ZION AVE, CORNELIUS, NC 28031-8491
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2022
—
David J Salama
Zion Station LLC
Quit Claim Deed
related
$220,500 · American Financing Corp
Dec 22, 2010
$225,000
Zion Station LLC
Clt Ents LLC
Warranty Deed
—
Nov 18, 2010
—
Clt Ents LLC
Thompson,cheri L
Warranty Deed
—
Jul 1, 2009
$190,000
Cheri L Thompson
Karoon INC
Warranty Deed
$100,000 · Bank Of Commerce
Oct 3, 2008
—
Karoon INC
—
Trustees Deed
related
$193,600 · Aquesta Bank
Apr 29, 1997
—
Churtis H Adams
—
Deed Of Trust
related
$66,600 · Mortgage Mall
Nov 23, 1992
$47,000
David L Rowles
Unknown
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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