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Property profile & analytics
OFF-MARKET
Estimated value
$6,100,000
Strip malls
20924 Torrence Chapel Rd Cornelius, NC 28031-6392
Entity Owned
31-yr Hold
Free & Clear
Property ID
US53-1136126
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Total area
48,863 SF
Lot
6.16 ac (268,242 SF)
Zoning code
HC
APN
114408
UPID
US53-1136126
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
-
Innbo Furniture & Design Furniture & Home Goods Home Decor Store
-
Showplace 28 Furniture & Decor Consignment Discount Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.10M
Owner & transaction history
Shops On The Green LLC · 31 yrs held
Shops On The Green LLC
since 1995
7 recorded transactions
Zoning & alternative use
HC · 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
$125 / 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
$48,346
Tax year 2023
Assessed value
$7,481,600
Assessed 2024
Previous assessed
$7,653,600
-2.2% YoY
Effective rate
0.65%
On assessed value
Assessed land
$3,811,500
Assessed improvement
$3,670,100
Land market value
$3,811,500
Improvement market value
$3,670,100
Total market value
$7,481,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
1
Units
1
Rooms
11
Total area
48,863 SF
Lot
6.16 ac (268,242 SF)
Zoning code
HC
APN
114408
UPID
US53-1136126
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.
Building & site characteristics
From public records
Year built
1987
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Units
1
Rooms
11
Lot
6.16 ac
Current owner
From public records · entity-resolved
Shops On The Green LLC
Entity
Free & Clear · 31 yrs held
Mailing address
PO BOX 968, PINEVILLE, NC 28134-0968
Ownership since
1995
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2024
—
Shops On The Green LLC
—
Deed
related
$100,000 · First National Bank Of Pennsylvania
Apr 27, 2023
—
Shops On The Green
—
Deed
related
$5,050,000 · First National Bank Of Pennsylvania
Mar 13, 2013
—
Shops On The Green LLC
—
Grant Deed
related
$1,999,279 · Bank Of North Carolina
Feb 17, 1995
$2,213,000
Shops On The Green LLC
Shops On The Gre
Grant Deed
related
—
Sep 1, 1994
$2,817,000
Fairfield Communities INC
University Finan
Grant Deed
—
Jan 16, 1992
$2,575,000
University Financial
Unknown
Grant Deed
related
—
—
—
Shops On The Green LLC
—
Deed Of Trust
related
$425,000 · First Charter Bank
—
—
Shops On The Green LLC
—
Deed Of Trust
related
$50,000 · Bank Of North Carolina
—
—
Shops On The Green LLC
—
Deed Of Trust
related
$118,000 · Kimberly Lecompte
—
—
Shops On The Green LLC
—
Deed Of Trust
related
$3,300,000 · Bank Of Nc
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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