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Property profile & analytics
OFF-MARKET
Car washes
Cornelius, NC 28031
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-2143634
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
1986
Total area
1,430 SF
Lot
1.52 ac (66,037 SF)
Zoning code
HC
APN
541209
UPID
US53-2143634
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
Waterside Office Suites LLC · 4 yrs held
Waterside Office Suites LLC
since 2021
7 recorded transactions
Zoning & alternative use
HC · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Highway Commercial district is coded to provide for the location of auto-oriented and auto-dependent uses or those uses which have a definable market area which extends beyond the scale of the Neighborhood, Village or Town Center. The intent of these provisions is to facilitate convenient access, minimize traffic congestion and reduce visual clutter alon…
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
260.57 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
$5,698
Tax year 2023
Assessed value
$881,800
Assessed 2024
Previous assessed
$908,300
-2.9% YoY
Effective rate
0.65%
On assessed value
Assessed land
$795,700
Assessed improvement
$86,100
Land market value
$795,700
Improvement market value
$86,100
Total market value
$881,800
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
Car washes
Use group
CAR WASH - AUTOMATED
Status
Off-Market
Year built
1986
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
1
Total area
1,430 SF
Lot
1.52 ac (66,037 SF)
Zoning code
HC
APN
541209
UPID
US53-2143634
Jurisdiction
MECKLENBURG
Zoning & alternative use
HC · Cornelius, NCZoning HC · permitted uses
HC · Cornelius, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Highway Commercial district is coded to provide for the location of auto-oriented and auto-dependent uses or those uses which have a definable market area which extends beyond the scale of the Neighborhood, Village or Town Center. The intent of these provisions is to facilitate convenient access, minimize traffic congestion and reduce visual clutter along certain designated commercial corridors in the vicinity of the I-77 Exit 28 interchange and Statesville Road (US 21).
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
260.57 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
1.52 ac
Current owner
From public records · entity-resolved
Waterside Office Suites LLC
Entity
Free & Clear · 4 yrs held
Mailing address
18831 STATESVILLE RD, CORNELIUS, NC 28031-6755
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2026
—
Jn Realestate Holding LLC
—
Deed
related
$1,240,000 · Pinnacle Bank
Dec 13, 2021
—
Waterside Office Suites LLC
Db Automotive Real Estate Holdings
Warranty Deed
—
May 28, 2021
$1,400,000
Jn Realestate Holding LLC
Db Automotive Real Estate Holdings
Special Warranty Deed
$1,375,700 · Np Real Estate Services LLC
May 28, 2021
—
Jn Realestate Holding LLC
Db Automotive Real Estate Holdings
Deed
—
Dec 14, 2016
—
Db Automotive R & E Holdings LLC
Lake-side Automotive INC
Grant Deed
—
Sep 6, 2016
$200,000
Db Automotive Hoddings LLC
Lake Side Automtive INC
Warranty Deed
—
Sep 6, 2016
$2,000,000
Db Automotive Holdings LLC
Lake-side Automotive INC
Trustees Deed
related
$1,700,000 · Ally Bk
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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