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Property profile & analytics
OFF-MARKET
Estimated value
$10,530,000
Industrial properties
2016 Cornatzer Rd Mocksville, NC 27028-7144
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2172982
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1968
Construction
STEEL FRAME
Total area
207,516 SF
Lot
38.04 ac (1,657,022 SF)
Zoning code
I1
APN
G700000047
UPID
US53-2172982
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
$9.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.53M
Owner & transaction history
Br 2016 Cornatzer Road Dst · 4 yrs held
Br 2016 Cornatzer Road Dst
since 2022
Last sale
$11.1M
7 recorded transactions
Zoning & alternative use
I1 · Mocksville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.5M
+251.0%
Neighborhood: shopping center
$14.9M
+198.4%
Warehouse, storage
$10.7M
+115.0%
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 Mocksville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mocksville 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
$10,835,000
ML approach
$9,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$17,515,000
Change: +251% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$14,895,000
Change: +198% · Conversion: Difficult
WAREHOUSE, STORAGE
$10,730,000
Change: +115% · Conversion: Easy
Blend value · Realmo final
$10.53M
Range $9.48M – $11.58M · ±10% · vs last sale $11.10M (Jun 21 2022)
Last sale anchor
$11.10M
Jun 21 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
$51 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$43,902
Tax year 2024
Assessed value
$5,679,430
Assessed 2024
Previous assessed
$5,679,430
+0.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$618,310
Assessed improvement
$5,061,120
Land market value
$618,310
Improvement market value
$5,061,120
Total market value
$5,679,430
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1968
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
1
Bathrooms
1
Total area
207,516 SF
Lot
38.04 ac (1,657,022 SF)
Zoning code
I1
APN
G700000047
UPID
US53-2172982
Jurisdiction
DAVIE
Zoning & alternative use
I1 · Mocksville, NC
Zoning I1 · permitted uses
I1 · Mocksville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mocksville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$17.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.9M
WAREHOUSE, STORAGE
Est. value
$10.7M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1968
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
38.04 ac
Current owner
From public records · entity-resolved
Br 2016 Cornatzer Road Dst
Individual
Free & Clear · 4 yrs held
Mailing address
1345 AVE OF THE AMERICAS, NEW YORK, NY 10105-0302
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2022
—
Br 2016 Cornatzer Road Dst
Bri 2016 Cornatzer Road LLC
Warranty Deed
—
Jun 21, 2022
$11,100,000
Br 2016 Cornatzer Road Dst
Bri 2016 Cornatzer Road LLC
Special Warranty Deed
—
Jan 11, 2022
$10,000,000
Bill 2016 Cornatzer Road LLC
Brf Cornatzer LLC
Special Warranty Deed
—
Jan 11, 2022
—
Wrennovation Hunt Village LLC
Brf Cornatzer LLC
Special Warranty Deed
$90,465,000 · Key Bank NA
Apr 30, 2019
—
Brf Cornatzer LLC
—
Grant Deed
related
$5,128,000 · First Bk
Oct 12, 2018
$5,355,000
Wrennovation Hunt Village LLC
Cornatzer Properties LLC
Grant Deed
related
$4,300,000 · Southern First Bk NA
Oct 12, 2018
—
Brf Cornatzer LLC
Wrennovation Hunt Village LLC
Grant Deed
related
—
Mar 1, 2018
—
Cornatzer Properties LLC
—
Deed
related
$3,000,000 · Bank Of The Ozarks
Oct 23, 2013
—
Cornatzer Properties LLC
—
Trustees Deed
related
$1,100,000 · Bank Of The Carolinas
Mar 24, 2010
$1,000,000
Cornatzer Properties LLC
Hanesbrands INC
Grant Deed
—
Mar 23, 2007
—
National Textiles LLC
—
Deed Of Trust
related
$2,100,000 · Citibank NA
—
—
Cornatzer Properties LLC
—
Deed Of Trust
related
$2,025,000 · Bank Of The Carolinas
—
—
Cornatzer Properties LLC
—
Deed Of Trust
related
$3,000,000 · Bank Of The Ozarks
—
—
National Textiles LLC
—
Deed Of Trust
related
$2,100,000 · Citibank NA
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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