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Property profile & analytics
OFF-MARKET
Estimated value
$1,815,000
Medical Office Space
19607 Catawba Ave Cornelius, NC 28031-4002
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US53-0488100
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Total area
12,925 SF
Lot
1.38 ac (60,026 SF)
Zoning code
VC
APN
110122
UPID
US53-0488100
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
-
John J. Cipriani, DC Alternative Medicine Practice
-
In Motion Fitness Gym & Fitness Center
-
Nutrition HealthWorks Physician
-
Dr. Rajal M. Patel, MD, MPH Pediatrician Physician
-
Dr. Heather Caruolo Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.82M
Owner & transaction history
Catawba Property Partners LLC · 17 yrs held
Catawba Property Partners LLC
since 2009
7 recorded transactions
Zoning & alternative use
VC · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 transportation networks constructed to support the traffic demands of both the auto and the pedestrian. Building heights ensure proper spatial defin…
Zone name
Village Center
General category
MIXED_USE
Zone area
216.61 ac
Source
Realmo
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
$140 / 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
$16,801
Tax year 2023
Assessed value
$2,599,900
Assessed 2024
Previous assessed
$2,648,700
-1.8% YoY
Effective rate
0.65%
On assessed value
Assessed land
$1,807,900
Assessed improvement
$792,000
Land market value
$1,807,900
Improvement market value
$792,000
Total market value
$2,599,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
29
Total area
12,925 SF
Lot
1.38 ac (60,026 SF)
Zoning code
VC
APN
110122
UPID
US53-0488100
Jurisdiction
MECKLENBURG
Zoning & alternative use
VC · Cornelius, NCZoning VC · permitted uses
VC · Cornelius, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 transportation networks constructed to support the traffic demands of both the auto and the pedestrian. Building heights ensure proper spatial definition, encourage strong pedestrian spaces and promote mixed use within buildings. Parking requirements may be satisfied using on-street parking, shared rear-lot parking areas or small scale parking lots adjacent to buildings. Buildings in the village center should have similar massing, volume, frontage, scale, and architectural features. Transitions from residential areas should be accomplished through proper street design.
Zone name
Village Center
General category
MIXED_USE
Zone area
216.61 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
29
Lot
1.38 ac
Current owner
From public records · entity-resolved
Catawba Property Partners LLC
Entity
Mailing address
18903 COVESIDE LN, CORNELIUS, NC 28031-5252
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2022
—
Catawba Property Partners LLC
—
Deed
related
$2,081,910 · Watson Holdings LLC
Apr 28, 2022
—
Catawba Property Partners LLC
—
Deed
related
$1,000,000 · United Bank
Apr 5, 2019
—
Catawaba Property Partners LLC
—
Deed
related
$1,895,000 · Carolina Trust Bank
Jul 26, 2018
—
Catawba Property Partners LLC
—
Deed
related
$50,000 · Carolina Tr Bk
May 12, 2017
—
Catawba Property Partners LLC
—
Deed
related
$181,049 · Lois J Watson
May 11, 2016
—
Catawba Property Partners LLC
—
Deed
related
$58,000 · Yadkin Bank
Jun 15, 2009
—
Catawba Property Partners LLC
Copeland Properties LLC
Grant Deed
$2,117,350 · Aquesta Bank
May 29, 2009
$1,800,000
Catawba Property Partners
Copeland Properties LLC
Warranty Deed
$2,117,350 · Aquesta Bank
May 12, 2008
$172,295
Copeland Properties LLC
Lnp Associates
Warranty Deed
$902,099 · Citizens South Bank
—
—
Lnp Associates
—
Deed Of Trust
related
$570,000 · Citizens South Bank
—
—
Catawba Property Partners LLC
—
Deed Of Trust
related
$2,092,912 · Yadkin Bank
—
—
Catawba Property Partners LLC
—
Deed Of Trust
related
$181,049 · Lois J Watson
—
—
Catawba Property Partners LLC
—
Deed Of Trust
related
$50,000 · Carolina Tr Bk
—
—
Catawba Property Partners LLC
—
Deed Of Trust
related
$200,000 · Aquesta 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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