Renovated Single-Story Office
For Sale
Contact for pricing
1473 Dale Earnhardt Boulevard, Kannapolis, NC 28083
Renovated commercial office property with flexible room configuration, kitchen, bathrooms, and substantial surface parking.
Property Size3,241 SF
Price / SF$215.67
Days on Market8
Property Features for 1473 Dale Earnhardt Boulevard
General Information
Standard status
Active
Size
3,241 SF
Class
C
Total Parking Spaces
56
Property subtype
Office
Zoning
B-1
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Renovated
2025
Buildings
1
Stories
1
Building Size
3,241 SF
Listing Agency:
One Alliance Companies
Listed By:
Mark Quincy · License #Nc 197597
Source:
Crexi
Added: Aug 25
Changed: Aug 31
Last Checked: Aug 31 at 9:37AM
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 One Alliance Companies
Investment Insights
Based on property information with market context.
Renovated in 2025, this 3,241 SF single-story office building at 1473 Dale Earnhardt Boulevard includes approximately 15 rooms, a kitchen, and bathrooms. The configuration supports office, medical, or dental occupancy, subject to applicable approvals. B-1 zoning is in place, with office use and potential office- or retail-adjacent applications identified in the property information.
The site includes approximately 56 surface parking spaces and fronts Dale Earnhardt Boulevard, where exposure is reported at approximately 16,000 vehicles per day. Regional connectivity includes a location approximately 3 miles from I-85 and access near the S. Cannon Blvd corridor, serving Kannapolis and the broader Charlotte region.
The site includes approximately 56 surface parking spaces and fronts Dale Earnhardt Boulevard, where exposure is reported at approximately 16,000 vehicles per day. Regional connectivity includes a location approximately 3 miles from I-85 and access near the S. Cannon Blvd corridor, serving Kannapolis and the broader Charlotte region.
Key Highlights
- 3,241 SF single‑story office building renovated in 2025
- Approximately 15 rooms plus kitchen and bathrooms
- Approximately 56 surface parking spaces
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
$56,840
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
8.13%
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%
$1,136,800
$1.1M
Cap Rate 7%
$812,000
$812.0K
Cap Rate 9%
$631,556
$631.6K
Market Conditions
NOI Build-Up for 3,241 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
$84.4K $26.04/SF
− Vacancy
−$8.6K −$2.66/SF
EGI
$75.8K $23.38/SF
− OpEx
−$18.9K −$5.85/SF
NOI
$56.8K $17.54/SF
Area
Cabarrus County, NC
Vacancy
10.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,136,800
Cap Rate 7%
$812,000
Cap Rate 9%
$631,556
Alternative Uses
Best Use
Office B
$812.0K
$710.5K – $947.3K
NOI $56,840 @ 7.0% cap · market cap 8.13%
Second Best
Healthcare Medical
$644.9K
$564.3K – $752.3K
NOI $45,140 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$1.02M
$892.6K – $1.19M
NOI $71,406 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Explore this area
Business Placement
Demographics for 28083, NC
25,821
Population
11,925
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
85%
High-School Grad
20.0 sq mi
ZIP Area
1,291
Density / Sq Mi
$60,563
Median Household Income
$39,831
Median Earnings
$1,120
Median Rent
$194,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Renovated commercial office property with flexible room configuration, kitchen, bathrooms, and substantial surface parking.
Where is this office units located?
The property is located at 1473 Dale Earnhardt Boulevard Kannapolis, NC.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 3,241 SF single‑story office building renovated in 2025; Approximately 15 rooms plus kitchen and bathrooms; Approximately 56 surface parking spaces
