Kannapolis Office Condo For
For Sale
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1525 Dale Earnhardt Blvd, Kannapolis, NC 28083
Mixed-use office condo near downtown Kannapolis with flexible space.
Property Size1,348 SF
Price / SF$185.46
Days on Market165
Property Features for 1525 Dale Earnhardt Blvd
General Information
Standard status
Active
Size
1,348 SF
Property subtype
Mixed Use, Office, Retail
Zoning
MU-N
Building Details
Year Built
1985
Listing Agency:
New Branch Real Estate Advisors
Listed By:
Isaac Nifong · License #NC 345474
Source:
Crexi
Added: Mar 7
Changed: Aug 8
Last Checked: Jul 16 at 3:30AM
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 New Branch Real Estate Advisors
Investment Insights
Based on property information with market context.
This office condo features a functional layout and mixed-use zoning, making it suitable for various uses. The property is located minutes from downtown Kannapolis and benefits from high visibility on Dale Earnhardt Boulevard. The suite is currently leased to an insurance office with approximately one year remaining on the term and potential for renewal. The 1348-square-foot space includes three private offices, two restrooms, a break area, and a large open corridor that can serve as a reception area or bullpen workspace. This property presents an attractive opportunity for both investors and future owner-users.
Key Highlights
- High visibility location on Dale Earnhardt Blvd.
- Mixed‑use zoning allows for a variety of business types.
- Investment opportunity with existing tenant and lease in place.
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
$19,346
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
7.74%
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%
$386,920
$386.9K
Cap Rate 7%
$276,371
$276.4K
Cap Rate 9%
$214,956
$215.0K
Market Conditions
NOI Build-Up for 1,348 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
$33.6K $24.96/SF
− Vacancy
−$2.7K −$2.00/SF
EGI
$31.0K $22.96/SF
− OpEx
−$11.6K −$8.61/SF
NOI
$19.3K $14.35/SF
Area
Cabarrus County, NC
Vacancy
8.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
37.50%
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%
$386,920
Cap Rate 7%
$276,371
Cap Rate 9%
$214,956
Alternative Uses
Best Use
Office B
$337.7K
$295.5K – $394.0K
NOI $23,641 @ 7.0% cap · market cap 9.46%
Second Best
Mixed Use
$276.4K
$241.8K – $322.4K
NOI $19,346 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$424.3K
$371.2K – $495.0K
NOI $29,699 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
394
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?
Mixed-use property - Mixed-use office condo near downtown Kannapolis with flexible space.
Where is this mixed-use property located?
The property is located at 1525 Dale Earnhardt Blvd Kannapolis, NC.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: High visibility location on Dale Earnhardt Blvd.; Mixed‑use zoning allows for a variety of business types.; Investment opportunity with existing tenant and lease in place.
