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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Medical Office Space
20042 Zion Ave, Cornelius, NC 28031-8435
Entity Owned
~
Est. High Equity
Property ID
US53-0681201
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2021
Total area
15,272 SF
Lot
1.69 ac (73,442 SF)
Zoning code
TC
APN
751105
UPID
US53-0681201
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$935k
Blend (final)
Blend
$1.21M
Owner & transaction history
Atrium Cornelius LLC
Atrium Cornelius LLC
since 2025
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
TC · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,275,000
ML approach
$1,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±10% · vs last sale $1.15M (Mar 24 2021)
Last sale anchor
$1.15M
Mar 24 2021
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
$79 / 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
$26,292
Tax year 2023
Assessed value
$4,068,700
Assessed 2024
Previous assessed
$3,150,700
+29.1% YoY
Effective rate
0.65%
On assessed value
Assessed land
$1,097,100
Assessed improvement
$2,971,600
Land market value
$1,097,100
Improvement market value
$2,971,600
Total market value
$4,068,700
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
2021
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
5
Total area
15,272 SF
Lot
1.69 ac (73,442 SF)
Zoning code
TC
APN
751105
UPID
US53-0681201
Jurisdiction
MECKLENBURG
Zoning & alternative use
TC · Cornelius, NC
Zoning TC · permitted uses
TC · 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.
Building & site characteristics
From public records
Year built
2021
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Lot
1.69 ac
Current owner
From public records · entity-resolved
Atrium Cornelius LLC
Entity
Mailing address
2400 SS BLVD STE #300, CHARLOTTE, NC 28203-5773
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Jul 9, 2025
$6,453,500
Atrium Cornelius LLC
Antiquity Mob LLC
Special Warranty Deed
$1,600,000 · Sherrill Childrens Gst Trust
Aug 17, 2022
—
Carolinas Physicians Network INC
Antiquity Mob LLC
Lease
—
Mar 24, 2021
—
Antiquity Mob LLC
Renaissance Square LLC
Deed
—
Mar 24, 2021
$1,150,000
Antiquity Mob LLC
Renaissance Square LLC
Special Warranty Deed
—
Jul 10, 2015
—
Stephen C Wilber III
Renaissance Square LLC
Grant Deed
—
Aug 21, 2014
$775,000
Renaissance Square LLC
Rogers,michael W & Reba L
Grant Deed
—
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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