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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Warehouses
9216 Westmoreland Rd, Cornelius, NC 28031-5675
Individually Owned
26-yr Hold
Free & Clear
Property ID
US53-0458113
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Total area
15,000 SF
Lot
1.28 ac (55,626 SF)
Zoning code
HC
APN
508306
UPID
US53-0458113
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
-
Cici Moss Interiors at The Lake House Interior Design Home Decor Store
-
93 Detailing Car Wash
-
TSS Photography Photography Service (Bike/Boat/Book/etc) Store
-
ARH Designs Hot Rods and Car Customization Auto Repair Shop
-
Lakeside Custom Tee's & Embroidery dba/ Lake Norman Gifts & Apparel Production Facility Textile Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$870k
Owner & transaction history
Mini Storage Realt · 26 yrs held
Mini Storage Realt
since 1999
4 recorded transactions
Zoning & alternative use
HC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$58 / 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
$7,833
Tax year 2023
Assessed value
$1,212,100
Assessed 2024
Previous assessed
$1,226,000
-1.1% YoY
Effective rate
0.65%
On assessed value
Assessed land
$588,900
Assessed improvement
$623,200
Land market value
$588,900
Improvement market value
$623,200
Total market value
$1,212,100
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
1991
Heating
NONE
Cooling
NONE
Stories
1
Total area
15,000 SF
Lot
1.28 ac (55,626 SF)
Zoning code
HC
APN
508306
UPID
US53-0458113
Jurisdiction
MECKLENBURG
Zoning & alternative use
HC · Cornelius, NC
Zoning HC · permitted uses
HC · 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
1991
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.28 ac
Current owner
From public records · entity-resolved
Mini Storage Realt
Individual
Free & Clear · 26 yrs held
Mailing address
1050 LANTANA CT, DAVIDSON, NC 28036-7612
Ownership since
1999
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
Nov 17, 1999
$44,500
Mini Storage Realt
Transcarolina Co
Grant Deed
—
Nov 16, 1999
—
Safe Harbour Storage LLC
Wilson,propertie
Grant Deed
related
—
Jun 28, 1999
$322,500
Wilson Properties Ltd Part
Transcarolina Co
Grant Deed
—
Jan 11, 1994
$380,000
Transcarolina Corporation
Unknown
Grant 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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