Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3232 Cornelius St Charlotte, NC 28206-1920

    • Warehouses
    • 5,000 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimations
    $590,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1164733
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Ormond Group Landscape Services / Landscaper

    Property Details for 3232 Cornelius St

    Year built
    1967
    Lot size
    0.92 lot acres
    Property size
    5,000 SF
    Zone code
    I-2
    Property type
    Warehouses
    APN
    8506102
    APU
    8506102

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $620,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8142
    Latitude
    35.2578
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,536
    $440,800
    $177,600
    $618,400
    -
    $440,800
    $177,600
    $618,400

    Comparable in this City

    • Value Estimation by Request
      944,403 SF

      Woodpark Blvd

      Distribution properties • 944,403 SF
      0 Woodpark Blvd, Charlotte, NC 28206
      View Details
    • Value Estimation
      $7,085,000
      92,196 SF

      700 28th St

      WAREHOUSE, STORAGE • 92,196 SF
      700 28th St, Charlotte, NC 28206-2561
      View Details
    • Value Estimation
      $720,000
      5,000 SF

      Charlotte, NC 28206

      WAREHOUSE, STORAGE • 5,000 SF
      Charlotte, NC 28206
      View Details
    • Value Estimation
      $3,010,000
      25,106 SF

      210 Dalton Ave

      WAREHOUSE, STORAGE • 25,106 SF
      210 Dalton Ave, Charlotte, NC 28206-3116
      View Details
    • Value Estimation
      $7,290,000
      94,260 SF

      2201 Interstate N Dr

      WAREHOUSE, STORAGE • 94,260 SF
      2201 Interstate N Dr, Charlotte, NC 28206-1063
      View Details
    • Value Estimation
      $8,705,000
      79,037 SF

      500 Spratt St

      WAREHOUSE, STORAGE • 79,037 SF
      500 Spratt St, Charlotte, NC 28206-2999
      View Details

    Similar Nearby for Sale

    • $2,000,000
      10,000 SF

      Charlotte Industrial Property: 10,000 SF

      Prime Charlotte manufacturing/warehouse
      3400 Silas Ave, Charlotte, NC 28206
      View Details
    • $399,000
      0.29 Acres

      Charlotte Manufacturing and Logistics Property

      Manufacturing and logistics property in Charlotte, close to major corridors.
      3555 Northerly Rd, Charlotte, NC 28206
      View Details
    • $1,595,000
      17,000 SF

      Charlotte Warehouse Space For Sale

      17,000 square foot warehouse space available in Charlotte, NC.
      2301 N Graham St, Charlotte, NC 28206
      View Details
    • $10,900,000
      37,335 SF

      Charlotte Warehouse with Cranes

      Warehouse with cranes, office space, and truck parking.
      1118 W Craighead Rd, Charlotte, NC 28206
      View Details
    • $3,250,000

      Charlotte Office/Service Garage For Sale

      2,471 +/- sf office/service garage in Charlotte, NC.
      825 N Graham St, Charlotte, NC 28206
      View Details
    • $12,500,000
      48,756 SF

      Charlotte Warehouse Investment Opportunity

      Prime industrial warehouse, 48,756 SF, 3 buildings
      901 Church St, Charlotte, NC 28206
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      944,403 SF

      Charlotte Industrial Portfolio

      12 Buildings, 944,403 SF Available
      0 Woodpark Blvd, Charlotte, NC 28206
      View Details
    • Contact for pricing
      45,750 SF

      Industrial Facility in Atando Park

      45,750 SF industrial facility on 2.08 AC near I-85.
      4112 Joe St, Charlotte, NC 28206
      View Details
    • Contact for pricing
      118,165 SF

      Warehouse Space Available for Sublease

      Sublease available with convenient access to major transportation routes.
      1200 Atando Ave, Charlotte, NC 28206
      View Details
    • $54 SF/Yr
      220,000 SF

      Prime Warehouse Space, Charlotte

      Multiple suites available; 14,000-103,115 SF
      2920 Tryon St, Charlotte, NC 28206
      View Details
    • Contact for pricing
      2,504 SF

      Industrial Space in Charlotte, NC

      Industrial property featuring warehouse space and ample parking.
      5104 Reagan Dr, Charlotte, NC 28206
      View Details
    • $12 SF/Yr
      115,977 SF

      Atando Center: Charlotte Flex Space

      Industrial flex space, 45 suites available.
      635-801 Atando Ave, Charlotte, NC 28206
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3232 Cornelius St
    Charlotte, NC 28206-1920
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.