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    19930 W Catawba Ave Cornelius, NC 28031
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    Property profile & analytics

    19930 W Catawba Ave, Cornelius, NC 28031

    View on Map
    • Strip malls
    • 23,185 SF
    • 2.36 lot acres
    For Lease
    $3,550,000
    View Listing →
    Cornelius Retail Center For Lease For Lease
    $3,550,000
    22,405 SF

    Cornelius Retail Center For Lease

    22,405 SF retail center in desirable Cornelius submarket.

    19930 W Catawba Ave, Cornelius, NC 28031
    View Listing
    Property ID
    US53-2143240
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 9Round Kickboxing Fitness / Gym & Fitness Center
    • McAlister's Deli / Take-out & Catering
    • Arthur Murray Dance Studio -- Lake Norman / Training Center
    • The Designery Lake Norman / Interior Design / Home Decor Store
    • Impeccable Paws / Pet Grooming Service

    Property Details for 19930 W Catawba Ave

    Year built
    2000
    Lot size
    2.36 lot acres
    Zone code
    VC
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    512145
    APU
    512145

    Description

    This exceptional retail property, located at 19930 West Catawba Avenue in Cornelius, North Carolina, offers a fantastic opportunity for businesses seeking high-visibility space in a thriving community. The property boasts a total of 5,311 square feet, currently entirely vacant and ready for immediate occupancy. The flexible layout allows for multiple tenancy options, with spaces ranging from a minimum of 2,311 square feet to a maximum contiguous space of 3,000 square feet. This presents a unique opportunity for either a single large tenant or multiple smaller businesses to establish themselves in this desirable location. Situated in Mecklenburg County, the property sits on a 4,052 square foot lot, providing ample space and visibility. The property is classified as Commercial Retail and is ideal for a variety of retail uses. Its convenient location in Cornelius, NC (zip code 28031) ensures high foot traffic and easy access for customers. The property is ready for immediate lease and offers a blank canvas for businesses to create their ideal retail space. Don't miss this chance to secure a prime retail location in a rapidly growing area. Contact us today to learn more about leasing options and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cornelius
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8841
    Latitude
    35.4812
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $31,281
    $2,765,500
    $2,075,200
    $4,840,700
    -
    $2,765,500
    $2,075,200
    $4,840,700

    Comparable in this City

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      $1,820,000
      11,864 SF

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    • Value Estimation
      $4,375,000
      32,924 SF

      19501 Catawba Ave

      SHOPPING CENTER, STRIP CENTER
      19501 Catawba Ave, Cornelius, NC 28031-4017
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    • Value Estimation
      $18,870,000
      139,665 SF

      20623 Torrence Chapel Rd

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      20623 Torrence Chapel Rd, Cornelius, NC 28031-6593
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    • Value Estimation
      $5,960,000
      54,246 SF

      19700 1st Norman Blvd

      SHOPPING CENTER, STRIP CENTER
      19700 1st Norman Blvd, Cornelius, NC 28031-5914
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    • Value Estimation
      $1,230,000
      9,312 SF

      19400 Statesville Rd

      SHOPPING CENTER, STRIP CENTER
      19400 Statesville Rd, Cornelius, NC 28031-8521
      View Details
    • Value Estimation
      $5,935,000
      51,163 SF

      20430 Catawba Ave

      SHOPPING CENTER, STRIP CENTER
      20430 Catawba Ave, Cornelius, NC 28031-5256
      View Details

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      Cornelius Retail Center For Lease

      22,405 SF retail center in desirable Cornelius submarket.
      19930 W Catawba Ave, Cornelius, NC 28031
      View Details
    • Contact for pricing

      Retail Outparcels in Cornelius, NC

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      Retail/Office Space Near Lake Norman

      Prime retail and office spaces near Lake Norman and I-77.
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      Retail and Office Space Available

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    Cornelius, NC 28031
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    19930 W Catawba Ave, Cornelius, NC, 28031
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