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Property profile & analytics
FOR SALE
Office buildings
21000 Torrence Chapel Rd Cornelius, NC 28031
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-0906496
For Sale
$3,695,000
21000 Torrence Chapel Rd, Cornelius, NC 28031
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Total area
10,912 SF
Lot
0.61 ac (26,584 SF)
Zoning code
NMX(CD)
APN
117948
UPID
US53-0906496
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
-
Pain Solutions of Charlotte Medical Clinic
-
Wilson Emily Insurance Agency
-
Helia Health Physician
-
World Vision Charitable Organization Social Service Agency
-
Purpose Wellness Center, PLLC Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.55M
Owner & transaction history
Zoerb Commercial LLC · 3 yrs held
Zoerb Commercial LLC
since 2023
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
NMX(CD) · 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
Method
Estimation
Statistic approach
$1,585,000
ML approach
$1,555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.55M
Range $1.39M – $1.70M · ±10% · vs last sale $1.47M (Apr 28 2023)
Last sale anchor
$1.47M
Apr 28 2023
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
$142 / 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
$11,041
Tax year 2023
Assessed value
$1,708,600
Assessed 2024
Previous assessed
$1,723,200
-0.8% YoY
Effective rate
0.65%
On assessed value
Assessed land
$478,300
Assessed improvement
$1,230,300
Land market value
$478,300
Improvement market value
$1,230,300
Total market value
$1,708,600
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
For Sale
Year built
1998
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Rooms
7
Total area
10,912 SF
Lot
0.61 ac (26,584 SF)
Zoning code
NMX(CD)
APN
117948
UPID
US53-0906496
Jurisdiction
MECKLENBURG
Zoning & alternative use
NMX(CD) · Cornelius, NC
Zoning NMX(CD) · permitted uses
NMX(CD) · 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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Rooms
7
Lot
0.61 ac
Current owner
From public records · entity-resolved
Zoerb Commercial LLC
Entity
Free & Clear · 3 yrs held
Mailing address
20517 QUEENSDALE DR, CORNELIUS, NC 28031-6536
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2023
$1,471,000
Zoerb Commercial LLC
Jad Development LLC
Special Warranty Deed
—
Mar 13, 2013
—
Jad Dev LLC
—
Trustees Deed
related
$1,999,279 · Bank Of North Carolina
Oct 31, 2003
—
Jad Development LLC
—
Deed Of Trust
related
$1,360,000 · First Trust Bank
—
—
Jad Dev LLC
—
Deed Of Trust
related
$1,360,000 · First Trust Bank Of Savings
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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