Medical Office with Exam-Room
2301 S Cannon Blvd, Kannapolis, NC 28083
For Sale
Contact for pricing
The corner-site layout includes a dedicated imaging room, reception, private offices and staff break space.
Property Size2,213 SF
Price / SF$228.20
Days on Market53
Property Features for 2301 S Cannon Blvd
General Information
Standard status
Size
Property subtype
Additional Details
Road Access
Building Details
Year Built
Year Renovated
Abandoned
Listing Agency:
Northstate Property Advisors, Inc.
(704) 782-7777
Listed By:
Catherine H. Davis
(704) 488-0075
Source:
Moodyscre
Added: Sep 23
Changed: Nov 5
Last Checked: Nov 12 at 8:33AM
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 Northstate Property Advisors, Inc.
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Investment Insights
Based on property information with market context.
Configured for medical office use, the building has plumbing throughout for exam rooms, along with a separate X-ray room, reception area, offices and a break area. The property was built in 1940, with an addition and updates completed in 2000.
The site is at a hard corner on S Cannon Blvd in Kannapolis, with convenient access and on-site parking. Mature landscaping surrounds the property.
The site is at a hard corner on S Cannon Blvd in Kannapolis, with convenient access and on-site parking. Mature landscaping surrounds the property.
Key Highlights
- Plumbing throughout supports exam‑room configuration
- Separate X‑ray room, reception, offices and break area
- Built in 1940; addition and updates completed in 2000
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,544
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,880
$630.9K
Cap Rate 7%
$450,629
$450.6K
Cap Rate 9%
$350,489
$350.5K
Market Conditions
NOI Build-Up for 2,213 SF
Gross rent
$46.5K $21.00/SF
− Vacancy
−$4.4K −$2.00/SF
EGI
$42.1K $19.01/SF
− OpEx
−$10.5K −$4.75/SF
NOI
$31.5K $14.25/SF
Area
Cabarrus County, NC
Vacancy
9.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,880
Cap Rate 7%
$450,629
Cap Rate 9%
$350,489
Alternative Uses
Best Use
Office B
$450.6K
$394.3K – $525.7K
NOI $31,544 @ 7.0% cap · market cap 6.25%
Second Best
Healthcare Medical
$440.3K
$385.3K – $513.7K
NOI $30,822 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$780.1K
$682.6K – $910.1K
NOI $54,608 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Well-served
Demand for This Use
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?
Medical Office Space - The corner-site layout includes a dedicated imaging room, reception, private offices and staff break space.
Where is this medical office space located?
The property is located at 2301 S Cannon Blvd Kannapolis, NC.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: Plumbing throughout supports exam‑room configuration; Separate X‑ray room, reception, offices and break area; Built in 1940; addition and updates completed in 2000
