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    Property profile & analytics

    19520 1st Norman Blvd Cornelius, NC 28031-6896

    • Garden apartment buildings
    • 12,496 SF
    • 22.42 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 29, 2021
    $48,100,000
    Location Intelligence
    Property ID
    US53-2093400
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 19520 1st Norman Blvd

    Year built
    1992
    Lot size
    22.42 lot acres
    Property size
    12,496 SF
    Zone code
    NR
    Property type
    Garden apartment buildings
    APN
    512149
    APU
    512149

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cornelius
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8842
    Latitude
    35.478
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $306,684
    $14,821,300
    $32,638,300
    $47,459,600
    -
    $14,821,300
    $32,638,300
    $47,459,600

    Comparable in this City

    • Value Estimation
      $390,000
      6,598 SF

      19331 Meridian St

      GARDEN APT, COURT APT (5+ UNITS) • 6,598 SF
      19331 Meridian St, Cornelius, NC 28031-9622
      View Details
    • Value Estimation by Request
      75,357 SF

      17110 Kenton Dr

      GARDEN APT, COURT APT (5+ UNITS) • 75,357 SF
      17110 Kenton Dr, Cornelius, NC 28031-5796
      View Details
    • Value Estimation by Request
      59,290 SF

      17105 Kenton Dr

      GARDEN APT, COURT APT (5+ UNITS) • 59,290 SF
      17105 Kenton Dr, Cornelius, NC 28031-5653
      View Details
    • Value Estimation by Request
      146,307 SF

      22415 Market St

      GARDEN APT, COURT APT (5+ UNITS) • 146,307 SF
      22415 Market St, Cornelius, NC 28031-3001
      View Details
    • Value Estimation by Request
      27,204 SF

      20215 Hts Way

      GARDEN APT, COURT APT (5+ UNITS) • 27,204 SF
      20215 Hts Way, Cornelius, NC 28031-8323
      View Details
    • Value Estimation by Request
      3,864 SF

      19612 Oak St

      GARDEN APT, COURT APT (5+ UNITS) • 3,864 SF
      19612 Oak St, Cornelius, NC 28031-8470
      View Details

    Similar Nearby for Sale

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    • $349,900
      0.30 Acres

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      Duplex in good condition with hardwood floors and mixed zoning.
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    • Contact for pricing
      1.17 Acres

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      1.17 Acres, High-Traffic Location, VC Zoning
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    • $429,000
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    Similar Nearby for Lease

    • $1,495 /Mo
      940 SF

      Refreshed Condo Near Lake Norman

      Move-in ready 2 bed, 2 bath condo near Lake Norman.
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      View Details
    • Contact for pricing
      5,311 SF

      Cornelius Retail Space Available

      Prime Retail Space, Multiple Units Available
      19930 Catawba Ave, Cornelius, NC 28031
      View Details
    • Contact for pricing

      Community Center in Cornelius Submarket

      137,247 SF community center in desirable Cornelius submarket.
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    • Contact for pricing
      11,000 SF

      Historic Mill Space in Cornelius

      Unique retail and office spaces in Old Town Cornelius.
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    • $20 SF/Yr
      1,165 SF

      Spacious Office Space Available

      Large office space with kitchenette, reception, and storage.
      18047 W Catawba Ave, Cornelius, NC 28031
      View Details
    • Contact for pricing
      15,000 SF

      Highway 73 Office, Medical, Retail

      Office, medical, retail spaces with highway visibility and access.
      Kenton Dr, Cornelius, NC 28031
      View Details
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    19520 1st Norman Blvd
    Cornelius, NC 28031-6896
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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