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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Day care centers
19640 Jetton Rd Cornelius, NC 28031-8249
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US53-2366837
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2009
Total area
10,789 SF
Lot
2.22 ac (96,660 SF)
Zoning code
GR
APN
512315
UPID
US53-2366837
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
-
Primrose School of Cornelius Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$665k
Owner & transaction history
Jenkins Daycare INC · 16 yrs held
Jenkins Daycare INC
since 2009
7 recorded transactions
Zoning & alternative use
GR · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The General Residential District is coded to permit the development of lower density single-family housing. Such development has traditionally been found along the lakefront and in conventional subdivisions.
Zone name
General Residential
General category
RESIDENTIAL
Zone area
3,365.08 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
$62 / 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
$14,487
Tax year 2023
Assessed value
$2,241,800
Assessed 2024
Previous assessed
$2,271,200
-1.3% YoY
Effective rate
0.65%
On assessed value
Assessed land
$843,500
Assessed improvement
$1,398,300
Land market value
$843,500
Improvement market value
$1,398,300
Total market value
$2,241,800
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2009
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
10,789 SF
Lot
2.22 ac (96,660 SF)
Zoning code
GR
APN
512315
UPID
US53-2366837
Jurisdiction
MECKLENBURG
Zoning & alternative use
GR · Cornelius, NCZoning GR · permitted uses
GR · Cornelius, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The General Residential District is coded to permit the development of lower density single-family housing. Such development has traditionally been found along the lakefront and in conventional subdivisions.
Zone name
General Residential
General category
RESIDENTIAL
Zone area
3,365.08 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2009
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.22 ac
Current owner
From public records · entity-resolved
Jenkins Daycare INC
Entity
Mailing address
19640 JETTON RD, CORNELIUS, NC 28031-8249
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2021
—
Jenkins Daycare INC
—
Deed
related
$2,500,000 · Uwharrie Bank
Jul 28, 2016
—
Jenkins Daycare INC
—
Deed
related
$2,552,000 · Carolina Premier Bk
Sep 1, 2009
$2,960,000
Jenkins Daycare INC
Hope Valley Holdings LLC
Special Warranty Deed
$2,000,000 · Cit Small Business Lending Corp
Jan 4, 2008
$768,500
Hope Valley Holdings LLC
Primrose School Franchising
Grant Deed
—
May 3, 2007
$600,000
Primrose School Franchising Co
Cornelius Medical Prop LLC
Grant Deed
—
—
—
Hope Valley Holdings LLC
—
Deed Of Trust
related
$2,175,000 · Branch Banking & Trust Co
—
—
Jenkins Daycare INC
—
Deed Of Trust
related
$2,552,000 · Carolina Premier Bk
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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