FOR LEASE
Medical Office Space
Property ID
US53-5715975
Entity Owned Owner of record is a legal entity (LLC / corporation).
5-yr Hold Held for 5 years.
~
Est. High Equity Modeled equity is high. Estimate, not a fact.
Entity Owned 
For Lease
1 / 2
Contact for pricing
19475 Old Jetton Rd, Cornelius, NC 28031
View Listing
Ownership intelligence
Who controls the opportunity?
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Can we reach the decision maker?
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
What is owed, to whom, and when it comes due
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
What does the county charge?
$97k
Tax billed · 2023
Assessed value · 2024$14.94M
Assessed land$4.17M
Assessed improvement$10.78M
Effective rate0.65%
Value estimate
· Sep 2026$14.76M
$13.28M – $16.23M
AI approach$11.03M
CAP approach$10.65M
Sales comparison$19.64M
NOI build-up
Gross scheduled income$26k
Vacancy & credit loss−$2k
Operating expenses−$10k
NOI · 42,314.71% cap applied$14k
Realmo valuation models over county records.
Recently sold
What actually traded nearby?
$361/SF
County average, outlier-cleaned · 73 recorded sales of this use type
Observed band · Q1–Q3$234 – $505
Cap rate analysis
How does the asset earn?
42,314.71%
$14k estimated NOI · market benchmarks for this use type
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
What can be built here?
VC
The Village Center district is coded to encourage the development of large-scale mixed-use districts that compliment and serve the daily ...
General categoryMIXED_USE
JurisdictionMECKLENBURG
Location intelligence
Which uses thrive at this corner?
Best fit: Plumbing Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Plumbing Service9.6
HVAC Service9.4
Parking Facility9.2
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
✓ County assessor
✓ Recorded deeds · 15 transfers
– Qualifying comp sales · not on file
✓ Zoning catalog
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
2 recorded sales · 18 properties nearbyRecent sales nearby
2 recorded sales in this ZIP, last 8 years
Address
Sale price
Sold
Size
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Comparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$14.76M
Value range
$13.28M – $16.23M
±10% around blend
Estimated value / SF
$297 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$13.28M
blend $14.76M
$16.23M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
- GBA
- 49,675 SF
- Lot area
- 4.85 ac
- Year built
- 2007
- Stories
- 2
- APN
- 110106
- Zoning
- VC
- Assessed value · 2024
- $14,943,900
- Annual tax · 2023
- $96,568
3
Income approach: direct capitalization
Partial preview
Income approach indication
$10.65M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$11.53M
@ 6.5% CAP return
$10.65M
@ 7% CAP return
$9.89M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2023
- $96,568
- Selected cap rate
4
Comparable sales
Partial preview
Comparables picked and weighted for this valuation. The Overview tab lists recorded sales nearby as our records hold them, unweighted and unselected, so the two do not have to agree.
Sales approach indication
$19.64M
Range $11.61M – $25.11M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$14.76M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)
Average
Subject delta
County 73 sales
$361
-18%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $297/SF.
Delta below average reads as headroom.
Source: Realmo CRE sales derivatives (county records).
7
Methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
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: income and sales evidence cover the value conclusion.
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
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
4.10%
Selected cap rate for this medical office space
Derived from the Cornelius market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.10%
9.0%
NOI (est.)
$14k *
Last sale · Feb 2021
$15.20M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$351k
Move the market yield to see immediate price impact.
Value / SF
$7
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
3.60%4.10%4.60%
$13k
$360k
$316k
$281k
$14k
$400k
$351k
$313k
$16k
$440k
$386k
$344k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Building & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2007
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
49,675 SF
Lot
4.85 ac (211,310 SF)
Zoning code
VC
MIXED_USE
APN
110106
UPID
US53-5715975
Jurisdiction
MECKLENBURG
Property tax & assessments
Tax year 2023
Tax billed
$96,568
Assessed value
$14,943,900
Assessed 2024
Previous assessed
$15,115,600
-1.1% YoY
Effective rate
0.65%
On assessed value
Assessed land
$4,166,800
Assessed improvement
$10,777,100
Land market value
$4,166,800
Improvement market value
$10,777,100
Total market value
$14,943,900
Applied tax rate
2.0000
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
Jurisdiction
Cornelius, NC
Recorded code
VC
Category
MIXED_USE
Official district
VC
Codes and permitted uses for this address
Registration is required before the official district profile is shown.
Official district profile
What the municipal code says about VC
Zoning description
The Village Center district is coded to encourage the development of large-scale mixed-use districts that compliment and serve the daily needs of adjoining neighborhoods and are supported by existing and planned transpor…
General category
MIXED_USE
Owner Contacts
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
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.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Mortgages · part of Ownership Intelligence
See what the owner owes, and when it comes due.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
What opens after registration
Ownership report
Recorded loansLender, amount and origination for every instrument
Estimated maturityWhen the debt comes due and the refi window opens
Rates & liensRecorded or estimated rate, junior liens flagged
CollateralWhich holding secures each loan - this property marked
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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- Local Zoning Insight
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