Retail Storefront
New
For Sale
$349,999
1201 N Cannon Boulevard, Kannapolis, NC 28082
Retail property spanning three parcels with on-site parking.
Property Size1,954 SF
Days on Market5
Property Features for 1201 N Cannon Boulevard
General Information
Standard status
Active
Size
1,954 SF
Property subtype
Business
Amenities
Features: Corner Lot, Level, Size: 0.5, Size Units: Acres
Details: Central Air
Heating: Central
Days on Market: 1, Listing Price: 349999, Status: Active
Year Built: 1954, Construction Type: Site Built
City: Kannapolis, State: NC, Zip: 28082, County: Rowan, Directions: corner of N. Cannon Blvd & E. 12th St
Sewer: Public Sewer, Water Source: City
Auction Y/N: 0
Building Details
Building Size
1,954 SF
Year Built
1954
Listing Agency:
NorthGroup Real Estate LLC
Listed By:
Trudy Nance
(864) 920-0303
Source:
Blackstreaminternational
Added: Sep 4
Changed: Sep 7
Last Checked: Sep 8 at 6:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NorthGroup Real Estate LLC
Investment Insights
Based on property information with market context.
This retail storefront property at 1201 N Cannon Boulevard comprises three parcels and includes on-site parking. The building was constructed in 1954, providing an established physical presence for commercial use.
Located in Kannapolis, North Carolina, the property fronts Cannon Boulevard and offers a recognizable address for a retail operation. Its parcel configuration and parking area provide practical site features for businesses seeking a storefront location.
Located in Kannapolis, North Carolina, the property fronts Cannon Boulevard and offers a recognizable address for a retail operation. Its parcel configuration and parking area provide practical site features for businesses seeking a storefront location.
Key Highlights
- Three‑parcel retail property at 1201 N Cannon Boulevard
- On‑site parking included
- Building constructed in 1954
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,988
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$479,760
$479.8K
Cap Rate 7%
$342,686
$342.7K
Cap Rate 9%
$266,533
$266.5K
Market Conditions
NOI Build-Up for 1,954 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$37.0K $18.96/SF
− Vacancy
−$2.8K −$1.42/SF
EGI
$34.3K $17.54/SF
− OpEx
−$10.3K −$5.26/SF
NOI
$24.0K $12.28/SF
Area
Cabarrus County, NC
Vacancy
7.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$479,760
Cap Rate 7%
$342,686
Cap Rate 9%
$266,533
Alternative Uses
Best Use
Retail
$342.7K
$299.9K – $399.8K
NOI $23,988 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$615.0K
$538.1K – $717.5K
NOI $43,051 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Chelish Moore Flowers — 912 Brantley Rd, Kannapolis, NC 28083
- Kilby's Florist — 814 N Main St, Kannapolis, NC 28081
- Unique Flowers By Vicki — 1809 n main st, kannapolis, nc 28081
Frequently Asked Questions
What type of property is this?
Storefront property - Retail property spanning three parcels with on-site parking.
Where is this storefront property located?
The property is located at 1201 N Cannon Boulevard Kannapolis, NC.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: Three‑parcel retail property at 1201 N Cannon Boulevard; On‑site parking included; Building constructed in 1954
