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    Property profile & analytics

    20820 Torrence Chapel Rd Cornelius, NC 28031-6320

    • Motels
    • 36,448 SF
    • 1.07 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US53-0787277
    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

    • Microtel Inn & Suites by Wyndham Cornelius/Lake Norman / Hotel / Inn

    Property Details for 20820 Torrence Chapel Rd

    Year built
    1995
    Lot size
    1.07 lot acres
    Property size
    36,448 SF
    Zone code
    HC
    Property type
    Motels
    APN
    114409
    APU
    114409

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cornelius
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8756
    Latitude
    35.4871
    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
    $22,573
    $803,400
    $2,689,800
    $3,493,200
    -
    $803,400
    $2,689,800
    $3,493,200

    Comparable in this City

    • Value Estimation
      $1,020,000
      35,055 SF

      20740 Torrence Chapel Rd

      MOTEL • 35,055 SF
      20740 Torrence Chapel Rd, Cornelius, NC 28031-6318
      View Details
    • Value Estimation by Request
      30,714 SF

      19608 Liverpool Pkwy

      MOTEL • 30,714 SF
      19608 Liverpool Pkwy, Cornelius, NC 28031-4050
      View Details
    • Value Estimation by Request
      3.05 Acres

      19935 Holiday Ln

      Hotels • 3.05 Acres
      19935 Holiday Ln, Cornelius, NC 28031
      View Details
    • Value Estimation by Request
      55,933 SF

      19501 Statesville Rd

      HOTEL • 55,933 SF
      19501 Statesville Rd, Cornelius, NC 28031-8538
      View Details
    • Value Estimation by Request
      1.46 Acres

      Catawba Ave

      Land • 1.46 Acres
      0 Catawba Ave, Cornelius, NC 28031
      View Details
    • Value Estimation by Request
      0.07 Acres

      18919 Statesville Rd

      INDUSTRIAL - VACANT LAND • 0.07 Acres
      18919 Statesville Rd, Cornelius, NC 28031-6757
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.17 Acres

      Jetton Road Development Opportunity

      1.17 Acres, High-Traffic Location, VC Zoning
      19820 Jetton Rd, Cornelius, NC 28031
      View Details
    • $1,250,000
      1,632 SF

      Downtown Cornelius Retail Opportunity

      Retail building in downtown Cornelius with high foot traffic.
      19829 S Main St, Cornelius, NC 28031
      View Details
    • $265,000
      0.33 Acres

      Cornelius Land Near Downtown

      Level, cleared 0.33 acre lot near downtown Cornelius.
      Meridian St, Cornelius, NC 28031
      View Details
    • $750,000
      0.70 Acres

      Cornelius Land Ready For Development

      Large flat lot in prime location near downtown Cornelius, NC.
      19623 Oak St, Cornelius, NC 28031
      View Details
    • $450,000
      0.63 Acres

      Cornelius Land Ready For Development

      Prime land in Cornelius, NC, near future light rail.
      20128 Zion Ave, Cornelius, NC 28031
      View Details
    • $2,449,260

      Cornelius Land with Highway Frontage

      86-acre parcel suitable for senior living, church, or offices.
      19100 Old Statesville Rd, Cornelius, NC 28031
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      1,165 SF

      Spacious Office Space Available

      Large office space with kitchenette, reception, and storage.
      18047 W Catawba Ave, Cornelius, NC 28031
      View Details
    • Contact for pricing
      15,000 SF

      Highway 73 Office, Medical, Retail

      Office, medical, retail spaces with highway visibility and access.
      Kenton Dr, Cornelius, NC 28031
      View Details
    • Contact for pricing
      3,000 SF

      Downtown Cornelius Retail/Restaurant Space

      Historic building in arts district, ideal for restaurant or retail.
      21310 Catawba Ave, Cornelius, NC 28031
      View Details
    • $5,000 /Mo
      2,022 SF

      Renovated Office Space in Cornelius

      Newly renovated office space with modern amenities in a prime location.
      17015 Kenton Dr, Cornelius, NC 28031
      View Details
    • Contact for pricing
      5,775 SF

      Retail Space in Downtown Cornelius

      Retail space available in downtown Cornelius, delivering summer 2024.
      19801 S Main St, Cornelius, NC 28031
      View Details
    • $1,495 /Mo
      940 SF

      Refreshed Condo Near Lake Norman

      Move-in ready 2 bed, 2 bath condo near Lake Norman.
      18801 Nautical Dr, Cornelius, NC 28031
      View Details

    Property Visit Statistics

    • Visits by month
      2.3k
    • Visitors by month
      891
    • Avg Time on site
      438 min
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    20820 Torrence Chapel Rd
    Cornelius, NC 28031-6320
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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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