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Property profile & analytics
OFF-MARKET
Office buildings
20605 Main St Cornelius, NC 28031-8454
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-0450073
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1911
Total area
1,856 SF
Lot
0.68 ac (29,509 SF)
Zoning code
NMX
APN
318202
UPID
US53-0450073
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
Current use
Occupant on record · Public records
-
Cornelius Massage Alternative Medicine Practice Spa & Massage Center
-
Holistic Hands Chiropractic Alternative Medicine Practice
-
Leslie C. Murphy, LicAc - Balanced Health Acupuncture Medical Clinic Alternative Medicine Practice
-
Jennifer Coleman, LCMHC - Intentional Living Counseling Counselor Life Coach
-
The Herbal Antidote Wellness Program
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vintage Pathways LLC · 2 yrs held
Vintage Pathways LLC
since 2024
Last sale
$337,000
7 recorded transactions
Zoning & alternative use
NMX · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Neighborhood Mixed Use (NMX) district is coded to provide a mix of commercial and residential activities at the function center of neighborhoods. Small-scale multi-family developments may be allowed subject to a conditional zoning change. The NMX District should also encourage infill and redevelopment in established portions of the community and to serve…
Zone name
Neighborhood Mixed Use
General category
MIXED_USE
Zone area
215.11 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,886
Tax year 2023
Assessed value
$601,400
Assessed 2024
Previous assessed
$601,400
+0.0% YoY
Effective rate
0.65%
On assessed value
Assessed land
$477,000
Assessed improvement
$124,400
Land market value
$477,000
Improvement market value
$124,400
Total market value
$601,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1911
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
1
Total area
1,856 SF
Lot
0.68 ac (29,509 SF)
Zoning code
NMX
APN
318202
UPID
US53-0450073
Jurisdiction
MECKLENBURG
Zoning & alternative use
NMX · Cornelius, NCZoning NMX · permitted uses
NMX · Cornelius, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Neighborhood Mixed Use (NMX) district is coded to provide a mix of commercial and residential activities at the function center of neighborhoods. Small-scale multi-family developments may be allowed subject to a conditional zoning change. The NMX District should also encourage infill and redevelopment in established portions of the community and to serve as a transition between adjacent developed single-family uses and higher-intensity non-residential uses.
Zone name
Neighborhood Mixed Use
General category
MIXED_USE
Zone area
215.11 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1911
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Vintage Pathways LLC
Entity
Free & Clear · 2 yrs held
Mailing address
20605 N MAIN ST, CORNELIUS, NC 28031-8454
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2024
$337,000
Vintage Pathways LLC
Deutsche LLC
Warranty Deed
—
Mar 8, 2021
$310,000
Deutsche LLC
Vintage Pathways LLC
Warranty Deed
—
Oct 5, 2020
—
Vintage Pathways LLC
—
Deed
related
—
Apr 4, 2005
$212,500
Vintage Pathways LLC
Twin Oaks Properties LLC
Warranty Deed
$425,000 · Central Carolina Bank
Apr 8, 1999
—
Twin Oaks Properties LLC
Edmund,paula
Grant Deed
related
—
Aug 28, 1998
$94,000
Paula Edmund
Edmund,paula
Grant Deed
related
—
—
—
Vintage Pathways LLC
—
Loan Modification
related
—
—
—
Vintage Pathways LLC
—
Deed Of Trust
related
$350,000 · Charles Witherspoon
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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