Live-Work Property with
For Sale
$399,000
1670 Dale Earnhardt Boulevard, Kannapolis, NC 28083
A three-bedroom layout pairs residential rooms with a salon-equipped flex space.
Property Size1,938 SF
Days on Market13
Property Features for 1670 Dale Earnhardt Boulevard
General Information
Standard status
Active
Size
1,938 SF
Property subtype
Business
Amenities
Dimensions: 81'X135'X77'X132', Paved
Architectural Shingle
Public Sewer
Additional parcels description:, Parcel Number: 5613-94-3342-0000, Assessed Value: $165,190
Central Air
Central
Listing ID: CAR4427673, Standard Status: Active, MLS Status: Active, Property Subtype: Business, 1 day on market, Special Conditions: Estate
4 open parking spaces, 4 total parking spaces, Parking Lot
Partial, Storage Space, Sump Pump
Built in 1938, Construction Materials: Vinyl
County/Parish: Cabarrus
2 total bathrooms
Cable Available, Electricity Connected, Natural Gas, Water Source: City
Crawl Space
Water Body Name: Lake Concord
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Patio/Porch Features: Awning(s), Front Porch
Dishwasher, Electric Range, Gas Water Heater, Microwave, Refrigerator with Ice Maker, Washer/Dryer
Building Details
Building Size
1,938 SF
Year Built
1938
Buildings
1
Listing Agency:
Call It Closed International Inc
(704) 787-1667
Listed By:
Dana Jarrett
(864) 920-0303
Source:
Blackstreaminternational
Added: Sep 23
Changed: Oct 4
Last Checked: Oct 4 at 10:45AM
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 Call It Closed International Inc
Investment Insights
Based on property information with market context.
Built in 1938, this live-work property combines a three-bedroom residence with a dedicated room currently fitted for salon services. The salon setup includes a styling station, hair dryers, a shampoo bowl, and a storage closet; the room can also serve as an office or bedroom. Residential features include a living room with a vintage fireplace, an adjoining sunroom, and an eat-in kitchen with quartz countertops, an island, and included appliances. The primary bathroom has a walk-in shower, and a walk-in closet connects with the laundry area, where a stackable washer and dryer are included. Original hardwood floors run through the home.
The property is located at 1670 Dale Earnhardt Boulevard in Kannapolis, North Carolina. Its combination of living areas and a separately configured salon room supports a live-work arrangement.
The property is located at 1670 Dale Earnhardt Boulevard in Kannapolis, North Carolina. Its combination of living areas and a separately configured salon room supports a live-work arrangement.
Key Highlights
- Salon room includes a styling station, hair dryers, shampoo bowl, and storage closet
- Three‑bedroom residence with a dedicated room that can function as a salon, office, or bedroom
- Built in 1938; original hardwood floors throughout
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
$33,989
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
8.52%
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%
$679,780
$679.8K
Cap Rate 7%
$485,557
$485.6K
Cap Rate 9%
$377,656
$377.7K
Market Conditions
NOI Build-Up for 1,938 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
$50.5K $26.04/SF
− Vacancy
−$5.1K −$2.66/SF
EGI
$45.3K $23.38/SF
− OpEx
−$11.3K −$5.85/SF
NOI
$34.0K $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%
$679,780
Cap Rate 7%
$485,557
Cap Rate 9%
$377,656
Alternative Uses
Best Use
Office B
$485.6K
$424.9K – $566.5K
NOI $33,989 @ 7.0% cap · market cap 8.52%
Second Best
Mixed Use
$397.3K
$347.7K – $463.6K
NOI $27,814 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$610.0K
$533.7K – $711.6K
NOI $42,698 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
414
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Live-work space - A three-bedroom layout pairs residential rooms with a salon-equipped flex space.
Where is this live-work space located?
The property is located at 1670 Dale Earnhardt Boulevard Kannapolis, NC.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Salon room includes a styling station, hair dryers, shampoo bowl, and storage closet; Three‑bedroom residence with a dedicated room that can function as a salon, office, or bedroom; Built in 1938; original hardwood floors throughout
