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    Property profile & analytics

    2016 Cornatzer Rd Mocksville, NC 27028-7144

    • Industrial properties
    • 207,516 SF
    • 38.04 lot acres
    OFF-MARKET
    Last Sale
    Jun 21, 2022
    $11,100,000
    Value Estimations
    $10,530,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2172982
    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.

    Current Use by Public Records

    • Industrial properties

    Property Details for 2016 Cornatzer Rd

    Year built
    1968
    Construction
    STEEL FRAME
    Lot size
    38.04 lot acres
    Property size
    207,516 SF
    Zone code
    I1
    Property type
    Industrial properties
    APN
    G700000047
    APU
    G700000047

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,835,000
      ML approach
      $9,085,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $17,515,000
      NEIGHBORHOOD: SHOPPING CENTER
      $14,895,000
      WAREHOUSE, STORAGE
      $10,730,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mocksville
    County
    Davie
    State
    North Carolina
    Longitude
    -80.4588
    Latitude
    35.9369
    CBSA code
    49180
    CBSA name
    WINSTON-SALEM, NC 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
    2024
    $43,902
    $618,310
    $5,061,120
    $5,679,430
    -
    $618,310
    $5,061,120
    $5,679,430

    Comparable in this City

    • Value Estimation
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      109,418 SF

      288 Enterprise Way

      INDUSTRIAL (GENERAL) • 109,418 SF
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    • Value Estimation
      $5,900,000
      68,700 SF

      216 Angell Knl Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 68,700 SF
      216 Angell Knl Rd, Mocksville, NC 27028-1929
      View Details
    • Value Estimation
      $980,000
      3,400 SF

      2716 Us Hwy 601st N

      INDUSTRIAL (GENERAL) • 3,400 SF
      2716 Us Hwy 601st N, Mocksville, NC 27028-5952
      View Details
    • Value Estimation by Request
      5,350 SF

      183 Beechtree Pl

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 5,350 SF
      183 Beechtree Pl, Mocksville, NC 27028-7607
      View Details
    • Value Estimation by Request
      13,600 SF

      2602 Us Hwy 601st S

      INDUSTRIAL (GENERAL) • 13,600 SF
      2602 Us Hwy 601st S, Mocksville, NC 27028-6910
      View Details
    • Value Estimation by Request
      10,000 SF

      962 Yadkinville Rd

      INDUSTRIAL (GENERAL) • 10,000 SF
      962 Yadkinville Rd, Mocksville, NC 27028-2034
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      108,960 SF

      Modern Industrial Facility with Expansion Potential

      Completed in 2022, expandable industrial facility with modern amenities.
      234 Allen Rd, Mocksville, NC 27028
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    • $190,000

      Storage Unit Investment Opportunity

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      25,000 SF

      Historic Mill with Processing Plant

      Revitalized mill on 2.39 acres with processing equipment.
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    • Contact for pricing
      4.20 Acres

      4.2-Acre Commercial Land, Mocksville, NC

      Prime Commercial Land: High Traffic, Utilities Available
      901 Us Highway 64, Mocksville, NC 27028
      View Details
    • $643,500
      1.43 Acres

      Mocksville Commercial Land - 1.43 Acres

      Level lot, ready for development. Residential zoning.
      1173 Yadkinville Rd, Mocksville, NC 27028
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    • $450,000

      Log Home Office Opportunity

      Log home suitable for commercial or residential use.
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    Similar Nearby for Lease

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      185,742 SF

      Mocksville Warehouse Space Available

      ±109,397 SF Warehouse, Mocksville, NC
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      46,174 SF

      Davie County Medical Redevelopment

      High-traffic location, build-to-suit options.
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      Office Suite in Bank OZK

      Office suite with 9 offices, shared conference and break room.
      135 Boxwood Village Dr, Mocksville, NC 27028
      View Details
    • Contact for pricing
      26,136 SF

      Commercial Lot in Central Mocksville

      Commercial lot for lease in central Mocksville, North Carolina.
      Depot St E, Mocksville, NC 27028
      View Details
    • $14 SF/Yr
      1,700 SF

      Mocksville Medical Office Building

      1,700 SF Medical Office - Fully Vacant
      118 Hospital St, Mocksville, NC 27028
      View Details
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    2016 Cornatzer Rd
    Mocksville, NC 27028-7144
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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.

    More about this property
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