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    Property profile & analytics

    20520 Chartwell Ctr Dr Cornelius, NC 28031-5255

    • Automotive properties
    • 18,269 SF
    • 2.51 lot acres
    OFF-MARKET
    Value Estimation
    $2,245,000
    Last Sale
    May 17, 2021
    $2,103,000
    Location Intelligence
    Property ID
    US53-0946686
    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

    • Lake Norman Hyundai Service & Parts / Oil Change Service / Auto Repair Shop
    • Lake Norman Hyundai / Hyundai Dealer / Used Truck Dealer

    Property Details for 20520 Chartwell Ctr Dr

    Year built
    1999
    Lot size
    2.51 lot acres
    Property size
    18,269 SF
    Zone code
    HC
    Property type
    Automotive properties
    APN
    513127
    APU
    513127

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,810,000
      6.5%
      $1,785,000
      7%
      $1,990,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,900,000
      Geo Method
      $1,880,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,755,000
      Retail
      $2,175,000
      Mixed-Use
      $1,930,000
      Hospitality
      $2,175,000
      Educational
      $2,145,000
      Residential Income
      $2,235,000
      Energy
      $1,705,000
      Income-Based Land
      $2,275,000
      Food Service
      $2,255,000

    Location Insight

    • Map
    • Local Demand
    City
    Cornelius
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8761
    Latitude
    35.4788
    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
    $22,098
    $1,538,500
    $1,881,200
    $3,419,700
    -
    $1,538,500
    $1,881,200
    $3,419,700

    Comparable in this City

    • Value Estimation by Request
      11,680 SF

      18615 Statesville Rd

      VEHICLE SALES, RENTALS • 11,680 SF
      18615 Statesville Rd, Cornelius, NC 28031-6751
      View Details
    • Value Estimation
      $1,200,000
      4,050 SF

      19401 Statesville Rd

      VEHICLE SALES, RENTALS • 4,050 SF
      19401 Statesville Rd, Cornelius, NC 28031-8537
      View Details
    • Value Estimation by Request
      35,695 SF

      20700 Torrence Chapel Rd

      VEHICLE SALES, RENTALS • 35,695 SF
      20700 Torrence Chapel Rd, Cornelius, NC 28031-6318
      View Details
    • Value Estimation
      $645,000
      7,671 SF

      Cornelius, NC 28031

      VEHICLE SALES, RENTALS • 7,671 SF
      Cornelius, NC 28031
      View Details
    • Value Estimation
      $835,000
      1.24 Acres

      20498 Chartown Dr

      VEHICLE SALES, RENTALS • 1.24 Acres
      20498 Chartown Dr, Cornelius, NC 28031-4044
      View Details
    • Value Estimation by Request
      10,944 SF

      19920 Chartown Dr

      VEHICLE SALES, RENTALS • 10,944 SF
      19920 Chartown Dr, Cornelius, NC 28031
      View Details

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    Similar Nearby for Lease

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      3,000 SF

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    • $1,295,000
      3,344 SF

      Retail/Office/Medical Space Near I-77

      3344 SF retail/office/medical space near I-77.
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      Retail Outparcels in Cornelius, NC

      Outparcels and shop buildings available for lease in Cornelius.
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      Cornelius Retail Space Available

      Prime Retail Space, Multiple Units Available
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      View Details
    • Contact for pricing

      Community Center in Cornelius Submarket

      137,247 SF community center in desirable Cornelius submarket.
      20601 Torrence Chapel Rd, Cornelius, NC 28031
      View Details
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    Cornelius, NC 28031-5255
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    Realmo Value Estimation

    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.

    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.

    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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