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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Day care centers
9340 Washam Potts Rd Cornelius, NC 28031-9398
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US53-0564817
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2004
Total area
7,816 SF
Lot
1.55 ac (67,518 SF)
Zoning code
TN
APN
538610
UPID
US53-0564817
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
-
Cornelius KinderCare High School Daycare 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
$545k
Owner & transaction history
Rainbow Rascals Oakhurst LLC · 15 yrs held
Rainbow Rascals Oakhurst LLC
since 2010
6 recorded transactions
Zoning & alternative use
TN · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The TN District exists on the current zoning map, but was repealed effective June 7, 1999 and the Code provisions of the district have been consolidated into the Neighborhood Residential and Neighborhood Mixed Use Districts.
Zone name
Traditional Neighborhood
General category
MIXED_USE
Zone area
159.79 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
$70 / 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
$11,625
Tax year 2023
Assessed value
$1,798,900
Assessed 2024
Previous assessed
$1,830,700
-1.7% YoY
Effective rate
0.65%
On assessed value
Assessed land
$741,200
Assessed improvement
$1,057,700
Land market value
$741,200
Improvement market value
$1,057,700
Total market value
$1,798,900
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
7,816 SF
Lot
1.55 ac (67,518 SF)
Zoning code
TN
APN
538610
UPID
US53-0564817
Jurisdiction
MECKLENBURG
Zoning & alternative use
TN · Cornelius, NCZoning TN · permitted uses
TN · Cornelius, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The TN District exists on the current zoning map, but was repealed effective June 7, 1999 and the Code provisions of the district have been consolidated into the Neighborhood Residential and Neighborhood Mixed Use Districts.
Zone name
Traditional Neighborhood
General category
MIXED_USE
Zone area
159.79 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.55 ac
Current owner
From public records · entity-resolved
Rainbow Rascals Oakhurst LLC
Entity
Mailing address
1732 CROOKS RD, TROY, MI 48084-5501
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2010
$1,681,000
Rainbow Rascals Oakhurst LLC
Monk,ryan
Trustees Deed
related
—
Aug 2, 2005
—
Happy Feet Holdings LLC
—
Trustees Deed
related
$350,000 · First National Bank
May 3, 2004
$300,000
Happy Feet Holdings LLC
Oakhurst Partners LLC
Grant Deed
related
$329,448 · Rowan Savings Bank Ssb INC
—
—
Rainbow Rascals Oakhurst LLC
—
Deed Of Trust
related
$1,100,000 · Branch Banking & Trust Co
—
—
Happy Feet Holdings LLC
—
Deed Of Trust
related
$370,000 · Western Fsb
—
—
Happy Feet Holdings LLC
—
Deed Of Trust
related
$405,300 · Western Fsb
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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