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Property profile & analytics
OFF-MARKET
Day care centers
8715 Westmoreland Rd Cornelius, NC 28031-7803
Entity Owned
Free & Clear
Property ID
US53-0502241
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2020
Total area
11,371 SF
Lot
4.39 ac (191,403 SF)
Zoning code
NR
APN
541102
UPID
US53-0502241
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
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
Novant Health INC
Novant Health INC
since 2026
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
NR · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Neighborhood Residential (NR) district is coded to preserve a mixture of residential uses at medium densities, along with schools and other civic uses normally found in a residential area. The street and open space designs in these areas are used to create compatibility along frontages that encourage pedestrian interaction and discourage high automobile…
Zone name
Neighborhood Residential
General category
CIVIC_INSTITUTIONAL
Zone area
2,022.04 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
$9,186
Tax year 2023
Assessed value
$1,421,600
Assessed 2024
Previous assessed
$1,421,600
+0.0% YoY
Effective rate
0.65%
On assessed value
Assessed land
$1,421,600
Land market value
$1,421,600
Total market value
$1,421,600
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2020
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
11,371 SF
Lot
4.39 ac (191,403 SF)
Zoning code
NR
APN
541102
UPID
US53-0502241
Jurisdiction
MECKLENBURG
Zoning & alternative use
NR · Cornelius, NCZoning NR · permitted uses
NR · Cornelius, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Neighborhood Residential (NR) district is coded to preserve a mixture of residential uses at medium densities, along with schools and other civic uses normally found in a residential area. The street and open space designs in these areas are used to create compatibility along frontages that encourage pedestrian interaction and discourage high automobile speeds.
Zone name
Neighborhood Residential
General category
CIVIC_INSTITUTIONAL
Zone area
2,022.04 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2020
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.39 ac
Current owner
From public records · entity-resolved
Novant Health INC
Entity
Free & Clear · 0 yrs held
Mailing address
19520 W CATAWBA AVE STE #200, CORNELIUS, NC 28031-3709
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2026
$2,800,000
Novant Health INC
Westmoreland Project LLC
Special Warranty Deed
—
Dec 8, 2022
$22,500
Department Of Transportation
Westmoreland Project LLC
Deed
—
Dec 30, 2021
$1,425,000
Westmoreland Project LLC
Gw Investments Comelius LLC
Warranty Deed
—
Dec 5, 2019
—
Gw Investments Cornelius LLC
Investments Lllp Whatley
Quit Claim Deed
related
—
Jun 4, 2018
$620,000
Whatley Investments Lllp
True North Holdings LLC
Warranty Deed
—
Apr 20, 2018
$450,000
True North Holdings LLC
Alexander,joseph W & Cathy
Warranty Deed
—
Sep 30, 2015
—
Joseph W Alexander
Alexander,david E & Janet M
Quit Claim Deed
related
—
Oct 30, 2014
—
Daisy A Beam
Alexander,eugene H
Grant Deed
related
—
Dec 13, 1999
$162,000
Eugene H Alexander
—
Grant Deed
related
—
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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