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Property profile & analytics
OFF-MARKET
Estimated value
$6,100,000
Drug stores
19631 Catawba Ave Cornelius, NC 28031-4002
Individually Owned
2-yr Hold
Free & Clear
Property ID
US53-5677645
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2002
Total area
14,884 SF
Lot
2.15 ac (93,567 SF)
Zoning code
VC
APN
110103
UPID
US53-5677645
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Cardtronics ATM Atm
-
COVID-19 Drive-Thru Testing at Walgreens Pharmacy
-
Sonja Hitchman, PharmD Pharmacy
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.63M
Blend (final)
Blend
$6.10M
Owner & transaction history
Rehabilitation Centre Of Beverly Hi · 2 yrs held
Rehabilitation Centre Of Beverly Hi
since 2023
Last sale
$6.1M
6 recorded transactions
Zoning & alternative use
VC · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.6M
+103.8%
Restaurant
$8.8M
+86.9%
Medical building
$5.4M
+13.9%
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
$6,375,000
ML approach
$5,865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,725,000
Current use
COMMERCIAL (GENERAL)
$9,630,000
Change: +104% · Conversion: Easy
RESTAURANT
$8,825,000
Change: +87% · Conversion: Easy
MEDICAL BUILDING
$5,380,000
Change: +14% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,605,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,295,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,080,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$6.10M
Range $5.49M – $6.71M · ±10% · vs last sale $6.08M (Oct 4 2023)
Last sale anchor
$6.08M
Oct 4 2023
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
$410 / 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
$33,013
Tax year 2023
Assessed value
$5,108,800
Assessed 2024
Previous assessed
$5,153,300
-0.9% YoY
Effective rate
0.65%
On assessed value
Assessed land
$2,836,100
Assessed improvement
$2,272,700
Land market value
$2,836,100
Improvement market value
$2,272,700
Total market value
$5,108,800
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2002
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
10
Total area
14,884 SF
Lot
2.15 ac (93,567 SF)
Zoning code
VC
APN
110103
UPID
US53-5677645
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
RETAIL STORES Current
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$9.6M
RESTAURANT
Est. value
$8.8M
MEDICAL BUILDING
Est. value
$5.4M
INDUSTRIAL (GENERAL)
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$4.1M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2002
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
10
Lot
2.15 ac
Current owner
From public records · entity-resolved
Rehabilitation Centre Of Beverly Hi
Individual
Free & Clear · 2 yrs held
Mailing address
10600 SANTA MONICA BLVD, LOS ANGELES, CA 90025-4808
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2023
$6,079,000
Rehabilitation Centre Of Beverly Hi
Waltrust Properties INC
Special Warranty Deed
—
Oct 4, 2023
—
Walgreen Co
Rehabilitation Centre Of Beverly Hi
Lease
—
Sep 17, 2009
$6,368,500
Walgreen Co
Sbbh Developments 3 LLC
Grant Deed
—
Dec 18, 2006
$2,300,000
Sbbh Developments 3 LLC
First States Investors 3284
Grant Deed
—
Apr 6, 2006
$2,040,000
First States Investors 3284
Wachovia Bank NA
Grant Deed
—
May 26, 1999
$7,500
Southtrust Bank National A
Knox,charles E
Grant Deed
related
—
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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