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Property profile & analytics
OFF-MARKET Estimated value $1,215,000
Strip malls

19722 1st Norman Blvd Cornelius, NC 28031-5910

7,764 SF 0.72 ac lot Built 1999
Entity Owned 7-yr Hold Free & Clear
Property ID
US53-0950784
Property summary
AI-generated overview

Turnberry Place, a thriving neighborhood retail shopping center, presents a compelling investment opportunity in the affluent Cornelius, NC market. This fully leased 19,133 square foot strip center boasts a prime location at 19722 One Norman Blvd, Cornelius, NC 28031, offering exceptional visibility directly on West Catawba Avenue. The property benefits from convenient access, situated minutes from Lake Norman and a half-mile from I-77, providing easy access for both customers and employees. Its strategic location also places it within 20 miles of Downtown Charlotte, capitalizing on the broader regional market. Two rear access points enhance operational efficiency and logistical ease. The center is strategically positioned in a high-traffic retail corridor, benefiting from proximity to Davidson College and highly-rated primary and secondary schools, contributing to a strong and stable customer base. The property is currently 100% occupied, demonstrating consistent demand and rental income. This presents a rare opportunity to acquire a well-established, high-performing retail asset in a desirable and rapidly growing area. Mecklenburg County location ensures access to robust infrastructure and community support. The property's strong tenant mix and location make it an attractive investment for those seeking a stable and appreciating asset in the thriving Charlotte metropolitan area.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1999
Total area 7,764 SF
Lot 0.72 ac (31,577 SF)
Zoning code HC
APN 512205
UPID US53-0950784
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
  • Palm Berries Restaurant
  • Ivy Rehab Physical Therapy Medical Clinic
  • Dr. Marcia Padilla Alternative Medicine Practice
  • 100% Chiropractic - Lake Norman Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.22M
Owner & transaction history
Ziff Turnberry LLC · 7 yrs held
Ziff Turnberry LLC
since 2019
2 recorded transactions
2019
$3.5M
2009
Price N/A
Zoning & alternative use
HC · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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