Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,260,000
Office buildings
20905 Torrence Chapel Rd Cornelius, NC 28031-4300
Entity Owned
18-yr Hold
Free & Clear
Property ID
US53-1720843
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
10,396 SF
Lot
1.54 ac (66,952 SF)
Zoning code
HC
APN
114513
UPID
US53-1720843
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
-
Carl McMillan, DMD, PA: Holistic Dental Centers Dental Office
-
Holistic Dentistry Dental Office
-
Tranquility Massage and Wellness, LLC Alternative Medicine Practice Spa & Massage Center
-
V-Sab Medical Labs Inc Medical Laboratory
-
Lake Norman Reiki Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.99M
Comparable Approach
Comparable
$2.23M
Blend (final)
Blend
$2.26M
Owner & transaction history
Jackson Properties Of Lkn LLC · 18 yrs held
Jackson Properties Of Lkn LLC
since 2007
7 recorded transactions
Zoning & alternative use
HC · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.8M
+38.3%
Retail stores
$3.3M
+21.4%
Industrial (general)
$3.2M
+18.4%
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%
$3,240,000
6.5%
$2,990,000
7%
$2,780,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,720,000
Current use
MEDICAL BUILDING
$3,760,000
Change: +38% · Conversion: Easy
RETAIL STORES
$3,300,000
Change: +21% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,220,000
Change: +18% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,000,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$2.26M
Range $2.03M – $2.49M · ±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
$217 / 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
$10,434
Tax year 2023
Assessed value
$1,614,600
Assessed 2024
Previous assessed
$1,641,800
-1.7% YoY
Effective rate
0.65%
On assessed value
Assessed land
$1,172,200
Assessed improvement
$442,400
Land market value
$1,172,200
Improvement market value
$442,400
Total market value
$1,614,600
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
1987
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Rooms
12
Total area
10,396 SF
Lot
1.54 ac (66,952 SF)
Zoning code
HC
APN
114513
UPID
US53-1720843
Jurisdiction
MECKLENBURG
Zoning & alternative use
HC · Cornelius, NC
Zoning HC · permitted uses
HC · 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
OFFICE BUILDING Current
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$3.8M
RETAIL STORES
Est. value
$3.3M
INDUSTRIAL (GENERAL)
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1987
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
12
Lot
1.54 ac
Current owner
From public records · entity-resolved
Jackson Properties Of Lkn LLC
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 775, CORNELIUS, NC 28031-0775
Ownership since
2007
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
Sep 13, 2012
—
Jackson Properties Of Lkn LLC
—
Deed Of Trust
related
$1,475,000 · Blueharbor Bank
Oct 1, 2007
—
Jackson Properties Of Lkn LLC
Jackson,david E JR & Paula R
Quit Claim Deed
—
Jan 6, 1999
—
David E Jackson JR.
—
Deed Of Trust
related
—
Dec 30, 1998
$1,275,000
David E Jackson JR.
Dumler,robert M
Grant Deed
—
Feb 29, 1996
—
Robert M Dumler
—
Deed Of Trust
related
$1,200,000 · First Union National Bank
—
—
Jackson Properties Of Lkn LLC
—
Deed Of Trust
related
$1,500,000 · Bank Of The Carolinas
—
—
Jackson Properties Of Lkn LLC
—
Deed Of Trust
related
$1,395,000 · First Citizens Bk
—
—
Jackson Properties Of Lkn LLC
—
Deed Of Trust
related
$20,000 · Blueharbor Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 20905 Torrence Chapel Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
