Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    403 Alpine St Kannapolis, NC 28081

    Sponsored
    Picture of Residential land & home lots at Alpine St 403, Kannapolis, NC
    For Sale
    $900,000

    LAND - Kannapolis, NC

    Lot size:
    4.67 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 1 at 2:06 am

    Property Features for 403 Alpine St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    159117
    Lot size
    4.67 Acres

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Bryan Saldarini

    Exp Realty, LLC (704) 616-7424

    Listing agent Bryan Saldarini (704) 728-2573

    Listing date Jan 30, 2026

    MLS# 4338484

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Land in Kannapolis, NC

    This 4.67-acre property in Kannapolis, NC, presents an excellent opportunity for builders and investors to develop a 20-home residential community. The site is approved and offers ample acreage to design a thoughtfully planned neighborhood. Its size and zoning potential make it ideal for single-family homes or a small-scale residential community, meeting the growing demand for new housing. This is a rare chance to secure development-ready land with clear upside and flexible design potential. All plans are proposed and have been reviewed by the city. Final approval is still required in order to move forward with necessary water and sewer connections, and the current owners are working through this process with the city.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kannapolis
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.618723
    Latitude
    35.515127

    Nearby Similar for Sale

    • $230,000
      0.49 Acres

      Kannapolis Duplex: Investor Special

      Income-producing duplex near downtown Kannapolis with high-yield potential.
      815 Desoto Ave, Kannapolis, NC 28083
      View Details
    • New
      $529,900
      0.22 Acres

      New Construction Duplex Investment Opportunity

      New construction duplex in Kannapolis, designed for cash flow.
      Arden Ave, Kannapolis, NC 28081
      View Details
    • New
      $519,900
      0.91 Acres

      New Construction Duplex Investment Property

      New construction duplex in Kannapolis, designed for cash flow.
      580 Pleasant Ave, Kannapolis, NC 28081
      View Details
    • $250,000
      0.14 Acres

      Updated Duplex in Revitalized Kannapolis

      Turn-key duplex in booming Kannapolis, ideal for investors.
      659 Wilson St, Kannapolis, NC 28083
      View Details
    • $685,000
      0.27 Acres

      Kannapolis Commercial Property For Sale

      High-traffic commercial corridor property with excellent visibility and access.
      2960 Dale Earnhardt Blvd, Kannapolis, NC 28083
      View Details
    • $165,000
      0.18 Acres

      Kannapolis Commercial Space For Sale

      Commercial space suitable for salon or office near N Cannon Blvd.
      811 Lakeview St, Kannapolis, NC 28083
      View Details
    • Contact for pricing
      755,928 SF

      Class A Logistics Facility

      755,928 SF logistics facility 100% leased in Kannapolis, NC.
      5700 Royce St, Kannapolis, NC 28083
      View Details
    • $420,000
      2,936 SF

      Kannapolis Multifamily/Short-Term Rental Opportunity

      Charming, versatile property near Kannapolis Research Campus with diverse potential.
      1102 Lane St, Kannapolis, NC 28083
      View Details
    • Contact for pricing
      24,624 SF

      Kannapolis Commercial Property on Cannon

      24,624 SF commercial property on 3.76 acres in Kannapolis.
      1520 S Cannon Blvd, Kannapolis, NC 28083
      View Details
    • $295,000
      1,519 SF

      New Home Near Downtown Kannapolis

      Modern 3-bedroom home near downtown Kannapolis with potential credits.
      1052 Mclain Road Ext, Kannapolis, NC 28083
      View Details
    • $575,000

      Kannapolis Office Building For Sale

      2,835 SF office building suitable for professional uses.
      1910 Dale Earnhardt Blvd, Kannapolis, NC 28083
      View Details
    • $750,000
      9,544 SF

      Kannapolis Retail Property For Sale

      9,544 SF retail property near downtown Kannapolis.
      655 N Cannon Blvd, Kannapolis, NC 28083
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 4.67 acres approved for 20-home residential community development.
    Where is this residential land & home lot located?
    The property is located at 403 Alpine St Kannapolis, NC.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - Approved land for a 20-home residential community.; - 4.67 acres of development-ready land.; - Strong market appeal for new housing.
    (704) 728-2573
    Request Owner's contact information
    403 Alpine St Kannapolis, NC 28081
    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.
    403 Alpine St
    Kannapolis, NC 28081
    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
    403 Alpine St Kannapolis, NC 28081
    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

    We can help!
    Listing Contact
    Bryan Saldarini
    (704) 728-2573
    Learn more
    Google sign-in failed. Please try again or use another login method.