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Property profile & analytics
OFF-MARKET
Estimated value
$2,225,000
Medical Office Space
19910 Cv Rd Cornelius, NC 28031-6447
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0458257
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Total area
6,108 SF
Lot
0.53 ac (23,277 SF)
Zoning code
VC
APN
110135
UPID
US53-0458257
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
-
Michael J Coleman, DDS Dental Office
-
Carolina Oral & Facial Surgery Dental Office
-
Lake Norman Implant Dentistry Dental Office
-
Michael J Foran, DMD Dental Office
-
Dr. Patrick J. Coleman, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$2.23M
Owner & transaction history
Coleman & Foran Real Estate Holding · 4 yrs held
Coleman & Foran Real Estate Holding
since 2022
Last sale
$2.2M
5 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
Top alternative use upside
Restaurant
$3.6M
+64.1%
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
$2,205,000
ML approach
$2,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,210,000
Current use
RESTAURANT
$3,620,000
Change: +64% · Conversion: Difficult
RETAIL STORES
$1,940,000
Change: -12% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,890,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.23M
Range $2.00M – $2.45M · ±10% · vs last sale $2.20M (May 23 2022)
Last sale anchor
$2.20M
May 23 2022
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
$364 / 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
$8,605
Tax year 2023
Assessed value
$1,331,600
Assessed 2024
Previous assessed
$1,348,000
-1.2% YoY
Effective rate
0.65%
On assessed value
Assessed land
$467,000
Assessed improvement
$864,600
Land market value
$467,000
Improvement market value
$864,600
Total market value
$1,331,600
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
1998
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
6,108 SF
Lot
0.53 ac (23,277 SF)
Zoning code
VC
APN
110135
UPID
US53-0458257
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.2M
RESTAURANT
Est. value
$3.6M
RETAIL STORES
Est. value
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1998
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Coleman & Foran Real Estate Holding
Entity
Mailing address
19910 N CV RD, CORNELIUS, NC 28031-6447
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2023
—
Coleman And Foran Partnership
—
Deed
related
$39,300 · United Community Bank
May 23, 2022
$2,200,000
Coleman & Foran Real Estate Holding
Four Thirds LLC
Special Warranty Deed
$2,170,000 · United Community Bank
Jul 22, 2019
—
Four Thirds LLC
—
Deed
related
$750,000 · First Citizens Bank & Trust Co
Jun 27, 2005
$741,500
Four Thirds LLC
Jetton Village III LLC
Grant Deed
$1,152,000 · First Citizens Bank & Trust Co
—
—
Four Thirds LLC
—
Deed Of Trust
related
$484,494 · 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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