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Property profile

20723 Torrence Chapel Rd Cornelius, NC 28031

OFF-MARKET
Office buildings
Property ID
US53-1625771
10,064 SF 1.33 ac lot Built 1985
Last sale Oct 2007
Entity Owned Owner of record is a legal entity (LLC / corporation). 19-yr Hold Held for 19 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 20721 Torrence Chapel in Cornelius, North Carolina consists of private office suite spaces designed for professional use. The interior layout includes plumbing in every room, a shared client waiting area, and an on-site tenant breakroom. Some suites include exterior windows that provide natural light. Tenant conveniences are supported by provisions such as towels and Wi-Fi access, and the building provides 24/7 access for tenants.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value · 2024$1.47M
Assessed land$936k
Assessed improvement$530k
Effective rate0.65%

Value estimate

· Oct 2026
$475k
$428k – $523k
Submarket $/SF estimate$2.02M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$261/SF
ZIP average, outlier-cleaned · 69 recorded sales of this use type
Observed band · Q1–Q3$182 – $369
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
HC
The Highway Commercial district is coded to provide for the location of auto-oriented and auto-dependent uses or those uses which have a ...
General categoryCOMMERCIAL
JurisdictionMECKLENBURG

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop21.8
Building Supply16.8
Auto Repair Shop15.9

Location

20723 Torrence Chapel Rd Cornelius, NC 28031-6496
County assessor Recorded deeds · 6 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
16930 Catawba, Cornelius, NC 28031-5638 $2,300,000 Apr 2025 12,998 SF
19453 Catawba, Cornelius, NC 28031-4021 $1,135,000 Apr 2025 6,960 SF
11125 Treynorth, Cornelius, NC 28031-8103 $3,000,000 Aug 2023 11,969 SF
21000 Torrence Chapel, Cornelius, NC 28031-6873 $1,471,000 Apr 2023 10,912 SF
19354 Watermark, Cornelius, NC 28031-4111 $250,000 Jul 2020 13,434 SF
7628 Norman Is, Cornelius, NC 28031-8749 $650,000 May 2020 14,013 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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