Kannapolis Home with Commercial
2001 Lane Street Kannapolis, NC 28083
2001 Lane Street, Kannapolis, NC, 28083
$180,000
For Sale
$180,000
Home in Conditional Zoning District, ideal for commercial or residential.
Property Size906 SF
Price / SF$198.68
Days on Market135
Property Features for 2001 Lane Street
General Information
- Standard status
- Active
- Size
- 906 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing Agency
KELLER WILLIAMS BALLANTYNE AREA
(704) 887-6600
Listed by
YASSINE DAHBI · License #294067
Source
Corcoran
Added: Mar 4 Checked: Jul 17 at 3:59 am
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
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.6k | $26.04 |
| − Vacancy | −$2.4k | −$2.66 |
| EGI | $21.2k | $23.38 |
| − OpEx | −$5.3k | −$5.85 |
| NOI | $15.9k | $17.54 |
906 SF · lease $26.04/SF/yr · vacancy 10.20% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
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.
