Flex Space with Roll-Up
201 E 22ND ST, Kannapolis, NC 28081
For Sale
Contact for pricing
Vacant commercial space includes a private office, a restroom, and on-site parking.
Property Size3,200 SF
Lot Size0.40 Acres
Price / SF$164.06
Days on Market18
Property Features for 201 E 22ND ST
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Drive-In Doors
Additional Details
Asking Price
Property Use
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Premier Real Estate Team, Inc
Listed By:
Jaben Starnes, CCIM · License #NC 315996
Source:
Crexi
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 2:15PM
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 Premier Real Estate Team, Inc
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Investment Insights
Based on property information with market context.
Built in 1988, this vacant flex property offers approximately 3,200 SF on an approximately 0.40-acre parcel. The building has two roll-up doors, two street-level entrances, a private office with a window air-conditioning unit, and one bathroom. Ceiling height is 12 feet, and C-2 zoning is in place.
On-site parking serves the property. The layout combines office space with direct building access through two roll-up doors.
On-site parking serves the property. The layout combines office space with direct building access through two roll-up doors.
Key Highlights
- Approximately 3,200 SF building on approximately 0.40 acres
- Two roll‑up garage doors and two street entrances
- 12' ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,071
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,420
$741.4K
Cap Rate 7%
$529,586
$529.6K
Cap Rate 9%
$411,900
$411.9K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$60.7K $18.96/SF
− Vacancy
−$3.6K −$1.14/SF
EGI
$57.0K $17.82/SF
− OpEx
−$20.0K −$6.24/SF
NOI
$37.1K $11.58/SF
Area
Cabarrus County, NC
Vacancy
6.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,420
Cap Rate 7%
$529,586
Cap Rate 9%
$411,900
Alternative Uses
Best Use
Flex RnD
$529.6K
$463.4K – $617.9K
NOI $37,071 @ 7.0% cap · market cap 7.06%
Second Best
Warehouse
$332.9K
$291.3K – $388.4K
NOI $23,305 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$1.13M
$987.0K – $1.32M
NOI $78,963 @ 7.0% cap · market cap 15.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
12 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28081, NC
28,583
Population
12,400
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
88%
High-School Grad
30.3 sq mi
ZIP Area
943
Density / Sq Mi
$69,167
Median Household Income
$40,167
Median Earnings
$1,080
Median Rent
$257,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Vacant commercial space includes a private office, a restroom, and on-site parking.
Where is this flex space located?
The property is located at 201 E 22ND ST Kannapolis, NC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Approximately 3,200 SF building on approximately 0.40 acres; Two roll‑up garage doors and two street entrances; 12' ceiling height
