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Property profile & analytics
OFF-MARKET
Estimated value
$3,465,000
Warehouses
21660 Crown Lk Dr Cornelius, NC 28031-6831
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0968181
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Total area
24,960 SF
Lot
3.58 ac (155,988 SF)
Zoning code
GR
APN
176244
UPID
US53-0968181
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
-
Crown Pontoon Boat Rentals on Lake Norman Boat Rental Service
-
Morningstar Marinas Boat Rental Service Boat Ramp
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.78M
CAP Approach
CAP
$2.62M
Comparable Approach
Comparable
$2.89M
Blend (final)
Blend
$3.47M
Owner & transaction history
Mm Crown Harbor LLC · 4 yrs held
Mm Crown Harbor LLC
since 2021
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
GR · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The General Residential District is coded to permit the development of lower density single-family housing. Such development has traditionally been found along the lakefront and in conventional subdivisions.
Zone name
General Residential
General category
RESIDENTIAL
Zone area
3,365.08 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
Method
Estimation
Statistic approach
$3,795,000
ML approach
$3,780,000
CAP Approach
CAP Return
Estimation
6%
$2,830,000
6.5%
$2,615,000
7%
$2,430,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,200,000
Current use
Blend value · Realmo final
$3.47M
Range $3.12M – $3.81M · ±10% · vs last sale $3.43M (Nov 30 2021)
Last sale anchor
$3.43M
Nov 30 2021
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
$139 / 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
$17,704
Tax year 2023
Assessed value
$2,739,700
Assessed 2024
Previous assessed
$2,844,000
-3.7% YoY
Effective rate
0.65%
On assessed value
Assessed land
$943,600
Assessed improvement
$1,796,100
Land market value
$943,600
Improvement market value
$1,796,100
Total market value
$2,739,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
24,960 SF
Lot
3.58 ac (155,988 SF)
Zoning code
GR
APN
176244
UPID
US53-0968181
Jurisdiction
MECKLENBURG
Zoning & alternative use
GR · Cornelius, NCZoning GR · permitted uses
GR · Cornelius, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The General Residential District is coded to permit the development of lower density single-family housing. Such development has traditionally been found along the lakefront and in conventional subdivisions.
Zone name
General Residential
General category
RESIDENTIAL
Zone area
3,365.08 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.2M
WAREHOUSE, STORAGE Current
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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.58 ac
Current owner
From public records · entity-resolved
Mm Crown Harbor LLC
Entity
Mailing address
725 PARK CTR DR, MATTHEWS, NC 28105-5012
Ownership since
2021
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
Nov 26, 2025
—
Mm Crown Harbor LLC
—
Deed
related
—
Nov 30, 2021
$3,430,000
Mm Crown Harbor LLC
Crown Harbor Marina LLC
Special Warranty Deed
$3,572,570 · Cogent Bank
Jun 21, 2021
—
Crown Harbor Marina LLC
—
Deed
related
$2,050,000 · Aquesta Bank
Jun 9, 2016
$2,612,000
Crown Harbor Marina LLC
Elzabeth Kenton LLC
Warranty Deed
—
Jun 22, 2006
—
Elizabeth Kenton LLC
Crown Hbr Dry Boat Dock Storag
Warranty Deed
related
—
—
—
Elizabeth Kenton LLC
—
Deed Of Trust
related
$3,500,000 · Regions Bank
—
—
Elizabeth Kenton LLC
—
Deed Of Trust
related
$800,000 · Chih & I-mei Jen
—
—
Elizabeth Kenton LLC
—
Deed Of Trust
related
$1,000,000 · Bank Of America
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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