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Property profile & analytics
OFF-MARKET
Estimated value
$1,465,000
Grocery and convenience stores
20832 Catawba Ave Cornelius, NC 28031-8500
Entity Owned
32-yr Hold
Free & Clear
Property ID
US53-1480676
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1979
Total area
7,191 SF
Lot
0.85 ac (37,241 SF)
Zoning code
NMX
APN
519117
UPID
US53-1480676
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
-
Sand Volleyball Court Sports Field & Court
-
Pelican's Snoballs of Cornelius Grocery & Convenience Store Specialty Food Shop
-
Saeed's Bar and Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.63M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.47M
Owner & transaction history
Fast Mart Realty Company · 32 yrs held
Fast Mart Realty Company
since 1994
2 recorded transactions
Zoning & alternative use
NMX · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.3M
+10.0%
Industrial (general)
$2.2M
+7.3%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,765,000
6.5%
$1,630,000
7%
$1,515,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,075,000
Current use
RETAIL STORES
$2,280,000
Change: +10% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,225,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,970,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.47M
Range $1.32M – $1.61M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$204 / SF
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
$7,445
Tax year 2023
Assessed value
$1,152,100
Assessed 2024
Previous assessed
$1,188,700
-3.1% YoY
Effective rate
0.65%
On assessed value
Assessed land
$478,400
Assessed improvement
$673,700
Land market value
$478,400
Improvement market value
$673,700
Total market value
$1,152,100
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1979
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
2
Total area
7,191 SF
Lot
0.85 ac (37,241 SF)
Zoning code
NMX
APN
519117
UPID
US53-1480676
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.1M
RETAIL STORES
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
2
Lot
0.85 ac
Current owner
From public records · entity-resolved
Fast Mart Realty Company
Entity
Free & Clear · 32 yrs held
Mailing address
27138 SAINT ANDREWS LN VLY CTR XX
Ownership since
1994
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2018
—
Fast Mart Realty INC
—
Deed
related
$49,500 · First Citizens Bank & Trust Co
Mar 11, 1994
$237,500
Fast Mart Realty Company
Unknown
Grant Deed
—
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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