Kannapolis Home with Commercial
For Sale
$180,000
Pending
2001 Lane Street, Kannapolis, NC 28083
Home in Conditional Zoning District, ideal for commercial or residential.
Property Size906 SF
Days on Market228
Property Features for 2001 Lane Street
General Information
Standard status
Pending
Size
906 SF
Property subtype
Commercial
Amenities
Central air
Golf Cart Garage
Central Air Cooling
Building Details
Year Built
1940
Listing Agency:
KELLER WILLIAMS BALLANTYNE AREA
(704) 887-6600
Listed By:
YASSINE DAHBI · License #294067
(980) 999-0195
Source:
Corcoran
Added: Mar 4
Changed: Oct 16
Last Checked: Oct 16 at 9:13AM
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 KELLER WILLIAMS BALLANTYNE AREA
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Investment Insights
Based on property information with market context.
Located in the Conditional Zoning District of Kannapolis, this 906-square-foot property is suitable for light commercial and office use. The property features new laminated flooring, new window blinds, and new windows. A recently installed HVAC system is in place. The home includes two bedrooms and a full bath. The kitchen has been updated with a new stainless steel stove and refrigerator, a double stainless steel sink, a backsplash, and granite countertops. The living room offers natural sunlight. A covered front porch is present. The property includes an over-sized detached three-car garage, suitable as a workshop area, with outdoor parking for up to six cars. The location provides access to I-85.
Key Highlights
- Zoned for light commercial/office use in Kannapolis.
- Over‑sized detached three‑car garage with parking for up to six cars.
- Updated kitchen with new stainless steel appliances and granite countertops.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,889
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,780
$317.8K
Cap Rate 7%
$226,986
$227.0K
Cap Rate 9%
$176,544
$176.5K
Market Conditions
NOI Build-Up for 906 SF
Gross rent
$23.6K $26.04/SF
− Vacancy
−$2.4K −$2.66/SF
EGI
$21.2K $23.38/SF
− OpEx
−$5.3K −$5.85/SF
NOI
$15.9K $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 Rate 5%
$317,780
Cap Rate 7%
$226,986
Cap Rate 9%
$176,544
Alternative Uses
Best Use
Office B
$227.0K
$198.6K – $264.8K
NOI $15,889 @ 7.0% cap · market cap 8.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$285.2K
$249.5K – $332.7K
NOI $19,961 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
112
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Home in Conditional Zoning District, ideal for commercial or residential.
Where is this office units located?
The property is located at 2001 Lane Street Kannapolis, NC.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Zoned for light commercial/office use in Kannapolis.; Over‑sized detached three‑car garage with parking for up to six cars.; Updated kitchen with new stainless steel appliances and granite countertops.
