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Property profile & analytics
FOR LEASE
Office buildings
21411 Hickory St Cornelius, NC 28031
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-4613129
For Lease
Contact for pricing
21411 Hickory St, Cornelius, NC 28031
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1954
Total area
1,324 SF
Lot
0.26 ac (11,464 SF)
Zoning code
TC
APN
521103
UPID
US53-4613129
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
-
Sedona Spa Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lomartire Services INC · 4 yrs held
Lomartire Services INC
since 2022
Last sale
$162,500
3 recorded transactions
Zoning & alternative use
TC · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Town Center district is coded to encourage the redevelopment and expansion of the traditional town center. This center is intended to serve as the civic, cultural, and governmental hub of activity for the Cornelius community. Town Center minimum building heights are established along main corridors to ensure proper spatial definition and encourage strong…
Zone name
Town Center
General category
CIVIC_INSTITUTIONAL
Zone area
141.71 ac
Source
Realmo
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
—
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
$1,860
Tax year 2023
Assessed value
$287,900
Assessed 2024
Previous assessed
$130,400
+120.8% YoY
Effective rate
0.65%
On assessed value
Assessed land
$130,400
Assessed improvement
$157,500
Land market value
$130,400
Improvement market value
$157,500
Total market value
$287,900
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 Lease
Year built
1954
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
1,324 SF
Lot
0.26 ac (11,464 SF)
Zoning code
TC
APN
521103
UPID
US53-4613129
Jurisdiction
MECKLENBURG
Zoning & alternative use
TC · Cornelius, NCZoning TC · permitted uses
TC · Cornelius, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Town Center district is coded to encourage the redevelopment and expansion of the traditional town center. This center is intended to serve as the civic, cultural, and governmental hub of activity for the Cornelius community. Town Center minimum building heights are established along main corridors to ensure proper spatial definition and encourage strong pedestrian spaces. Transitions from Neighborhood Residential areas should be accomplished through architectural design and streetscape treatment. Individual buildings are encouraged to be mixed vertically with street level commercial and upper level residential.
Zone name
Town Center
General category
CIVIC_INSTITUTIONAL
Zone area
141.71 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1954
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Lomartire Services INC
Entity
Free & Clear · 4 yrs held
Mailing address
150 LAKEFRONT DR, SALISBURY, NC 28146-1560
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2022
$162,500
Lomartire Services INC
Codspeed Development LLC
Warranty Deed
—
Oct 14, 2020
—
Godspeed Dev LLC
Brett S Krueger
Grant Deed
—
May 5, 2005
$35,000
Brett S Krueger
Sloop,jeffery W & Amy
Warranty 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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