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Property profile & analytics
OFF-MARKET
Estimated value
$6,275,000
Office buildings
19620 Catawba Ave Cornelius, NC 28031-4052
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-1303981
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
25,836 SF
Lot
2.23 ac (97,313 SF)
Zoning code
VC
APN
512308
UPID
US53-1303981
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
-
Christian McArthur at CrossCountry Mortgage | NMLS# 2154644 Loan Service Bank
-
Sandy Dickinson at CrossCountry Mortgage | NMLS #54205 Loan Service Bank
-
Courtney Williams at CrossCountry Mortgage Loan Service Bank
-
Charlotte Surgical Group: Laird Amanda M MD Physician
-
The Dickinson Team at CrossCountry Mortgage, LLC Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.44M
Comparable Approach
Comparable
$6.70M
Blend (final)
Blend
$6.28M
Owner & transaction history
Ablc Properties LLC · 8 yrs held
Ablc Properties LLC
since 2017
7 recorded transactions
Zoning & alternative use
VC · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.3M
+38.3%
Retail stores
$8.2M
+21.4%
Industrial (general)
$8.0M
+18.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,055,000
6.5%
$7,435,000
7%
$6,905,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,755,000
Current use
MEDICAL BUILDING
$9,340,000
Change: +38% · Conversion: Easy
RETAIL STORES
$8,200,000
Change: +21% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$8,000,000
Change: +18% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,455,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$6.28M
Range $5.65M – $6.90M · ±10%
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
$243 / 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
$31,352
Tax year 2023
Assessed value
$4,851,800
Assessed 2024
Previous assessed
$4,941,600
-1.8% YoY
Effective rate
0.65%
On assessed value
Assessed land
$2,223,100
Assessed improvement
$2,628,700
Land market value
$2,223,100
Improvement market value
$2,628,700
Total market value
$4,851,800
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
Off-Market
Year built
1999
Heating
STEAM
Cooling
AC.PACKAGE
Stories
2
Units
1
Rooms
20
Total area
25,836 SF
Lot
2.23 ac (97,313 SF)
Zoning code
VC
APN
512308
UPID
US53-1303981
Jurisdiction
MECKLENBURG
Zoning & alternative use
VC · Cornelius, NC
Zoning VC · permitted uses
VC · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.8M
MEDICAL BUILDING
Est. value
$9.3M
RETAIL STORES
Est. value
$8.2M
INDUSTRIAL (GENERAL)
Est. value
$8.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.5M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Heating
STEAM
Cooling
Yes
Stories
2
Units
1
Rooms
20
Lot
2.23 ac
Current owner
From public records · entity-resolved
Ablc Properties LLC
Entity
Mailing address
19620 W CATAWBA AVE STE #100, CORNELIUS, NC 28031-4053
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2017
$3,100,000
Ablc Properties LLC
West Catawba Ave LLC
Warranty Deed
—
Jul 14, 2014
$2,725,000
West Catawba Ave LLC
Cornelius Medical Prop LLC
Grant Deed
—
Feb 7, 2011
—
Cornelius Medical Property LLC
Blakeney,james A III & Denise H
Grant Deed
—
Jun 5, 2007
—
Blakeney Denise H 2007 Trust
Blakeney,james A III & Denise H
Quit Claim Deed
related
—
Jan 15, 1999
$320,000
James A Blakeney III
Cornelius,medica
Grant Deed
—
Mar 10, 1998
$900,000
Cornelius Medical Property
Cornelius,medica
Grant Deed
related
—
—
—
James A Blakney III
—
Deed Of Trust
related
$100,000 · First Bank
—
—
Cornelius Medical Property LLC
—
Deed Of Trust
related
$3,100,000 · First Charter 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.
Try Rey
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