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Property profile & analytics
OFF-MARKET
Office buildings
20615 Main St Cornelius, NC 28031-8454
Entity Owned
9-yr Hold
Property ID
US53-0146027
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1926
Total area
1,371 SF
Lot
0.53 ac (23,257 SF)
Zoning code
NMX
APN
318203
UPID
US53-0146027
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
-
Lake Norman Financial Group Financial Advisor
-
Divorce Financial Professionals Law Firm
-
PR & R Inc Roofing Company General Contractor
-
Lake Norman Financial Group Inc Financial Advisor
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
Masonlucy LLC · 9 yrs held
Masonlucy LLC
since 2017
4 recorded transactions
Zoning & alternative use
NMX · 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
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
$3,297
Tax year 2023
Assessed value
$510,200
Assessed 2024
Previous assessed
$510,200
+0.0% YoY
Effective rate
0.65%
On assessed value
Assessed land
$378,100
Assessed improvement
$132,100
Land market value
$378,100
Improvement market value
$132,100
Total market value
$510,200
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
1926
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
1
Total area
1,371 SF
Lot
0.53 ac (23,257 SF)
Zoning code
NMX
APN
318203
UPID
US53-0146027
Jurisdiction
MECKLENBURG
Zoning & alternative use
NMX · Cornelius, NC
Zoning NMX · permitted uses
NMX · 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
1926
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Masonlucy LLC
Entity
Mailing address
20615 N MAIN ST, CORNELIUS, NC 28031-8454
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2017
$275,000
Masonlucy LLC
North Main Street LLC
Warranty Deed
$247,500 · First National Bank Of Pennsylvania
May 3, 2017
—
North Main Street LLC
Kipp,stefanie W & Eric
Warranty Deed
—
Aug 30, 2011
—
North Main Street LLC
Kipp,stephanie W & Eric
Warranty Deed
—
Oct 3, 2005
$175,000
Stefanie W Kipp
Sadler Industries INC
Warranty Deed
$140,000 · Bank Of America
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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