Gas Station with Fuel
For Sale
$325,000
2170 Dale Earnhardt Boulevard, Kannapolis, NC 28083
GC-zoned property includes a drive-up service window, ATM, propane service, and existing fuel canopy improvements.
Property Size720 SF
Price / SF$451.39
Days on Market140
Property Features for 2170 Dale Earnhardt Boulevard
General Information
Standard status
Active
Size
720 SF
Property subtype
Commercial
Zoning
GC
Building Details
Building Size
720 SF
Year Built
1970
Buildings
1
Stories
1
Listing Agency:
CK Select Commercial Real Esta
(704) 788-2255
Listed By:
Kirk Hanson · License #235328
Source:
Techrealtyllc
Added: Mar 23
Changed: Aug 7
Last Checked: Aug 8 at 11:42AM
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 CK Select Commercial Real Esta
Investment Insights
Based on property information with market context.
This gas station property includes a drive-up service window, ATM, propane service, fuel canopy, and related underground storage infrastructure. The site also has an above-ground kerosene tank. The convenience operation is not currently open, and no gasoline contract, current leases, financial records, or service contracts are included. The tanks are fiberglass-lined and meet 1998 standards.
Located at 2170 Dale Earnhardt Boulevard in Kannapolis, the property fronts a commercial arterial reported to carry approximately 18,500 vehicles per day according to NCDOT traffic data. Arby's, Wendy's, Bojangles, Culver's, and Cook Out are identified within one mile, while Walmart Supercenter, Sam's Club, and Lowe's Home Improvement are 1.5 miles along the corridor. The property is zoned GC and was built in 1970.
Located at 2170 Dale Earnhardt Boulevard in Kannapolis, the property fronts a commercial arterial reported to carry approximately 18,500 vehicles per day according to NCDOT traffic data. Arby's, Wendy's, Bojangles, Culver's, and Cook Out are identified within one mile, while Walmart Supercenter, Sam's Club, and Lowe's Home Improvement are 1.5 miles along the corridor. The property is zoned GC and was built in 1970.
Key Highlights
- Approximately 18,500 vehicles per day on Dale Earnhardt Boulevard, according to NCDOT traffic data
- Three underground storage tanks: two 7,500‑gallon tanks and one 3,000‑gallon tank
- Above‑ground kerosene tank and existing fuel canopy
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
$10,603
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
3.26%
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%
$212,060
$212.1K
Cap Rate 7%
$151,471
$151.5K
Cap Rate 9%
$117,811
$117.8K
Market Conditions
NOI Build-Up for 720 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
$15.1K $21.00/SF
− Vacancy
−$983 −$1.37/SF
EGI
$14.1K $19.64/SF
− OpEx
−$3.5K −$4.91/SF
NOI
$10.6K $14.73/SF
Area
Cabarrus County, NC
Vacancy
6.50%
Lease Rate
$21.00 /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%
$212,060
Cap Rate 7%
$151,471
Cap Rate 9%
$117,811
Alternative Uses
Best Use
Specialty Retail
$151.5K
$132.5K – $176.7K
NOI $10,603 @ 7.0% cap · market cap 3.26%
Second Best
Retail
$126.3K
$110.5K – $147.3K
NOI $8,839 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$226.6K
$198.3K – $264.4K
NOI $15,863 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 100%
Goodwill
Apparel
5,069 visits/mo
0.5 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - GC-zoned property includes a drive-up service window, ATM, propane service, and existing fuel canopy improvements.
Where is this gas station located?
The property is located at 2170 Dale Earnhardt Boulevard Kannapolis, NC.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Approximately 18,500 vehicles per day on Dale Earnhardt Boulevard, according to NCDOT traffic data; Three underground storage tanks: two 7,500‑gallon tanks and one 3,000‑gallon tank; Above‑ground kerosene tank and existing fuel canopy
