Renovated Office Units With
For Sale
$479,000
2801 S Cannon Boulevard, Kannapolis, NC 28083
Flexible commercial layout with private offices, collaborative areas, and recently upgraded building systems.
Property Size2,231 SF
Price / SF$214.70
Days on Market48
Property Features for 2801 S Cannon Boulevard
General Information
Standard status
Active
Size
2,231 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1953
Buildings
1
Listing Agency:
Granite Real Estate Investments, LLC
Listed By:
Bob Smith
(704) 578-8250
Source:
Highperformancerea
Added: Sep 2
Changed: Oct 7
Last Checked: Oct 7 at 1:01PM
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 Granite Real Estate Investments, LLC
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Investment Insights
Based on property information with market context.
This 2,231-square-foot office property at 2801 S Cannon Boulevard combines five private offices with two additional open areas suitable for workstations or conference use. The building, originally constructed in 1953, has received a new roof, HVAC system, and kitchen, along with interior renovation. A garage is also available for leased storage, and the property can be leased with an option to own.
A prominent on-site sign is positioned for exposure along Hwy 601, also known as Cannon Blvd, where it reaches approximately 28,000 vehicles daily. The configuration supports a range of office-oriented layouts while retaining flexible secondary space for meetings, workstations, or storage.
A prominent on-site sign is positioned for exposure along Hwy 601, also known as Cannon Blvd, where it reaches approximately 28,000 vehicles daily. The configuration supports a range of office-oriented layouts while retaining flexible secondary space for meetings, workstations, or storage.
Key Highlights
- 2,231 SF office property with five private offices and two open areas
- New roof, HVAC system, and kitchen following interior renovation
- On‑site sign reaches approximately 28,000 vehicles daily
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,127
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$782,540
$782.5K
Cap Rate 7%
$558,957
$559.0K
Cap Rate 9%
$434,744
$434.7K
Market Conditions
NOI Build-Up for 2,231 SF
Gross rent
$58.1K $26.04/SF
− Vacancy
−$5.9K −$2.66/SF
EGI
$52.2K $23.38/SF
− OpEx
−$13.0K −$5.85/SF
NOI
$39.1K $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%
$782,540
Cap Rate 7%
$558,957
Cap Rate 9%
$434,744
Alternative Uses
Best Use
Office B
$559.0K
$489.1K – $652.1K
NOI $39,127 @ 7.0% cap · market cap 8.17%
Second Best
Retail
$391.3K
$342.4K – $456.5K
NOI $27,389 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$702.2K
$614.4K – $819.2K
NOI $49,153 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
448
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 - Flexible commercial layout with private offices, collaborative areas, and recently upgraded building systems.
Where is this office units located?
The property is located at 2801 S Cannon Boulevard Kannapolis, NC.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: 2,231 SF office property with five private offices and two open areas; New roof, HVAC system, and kitchen following interior renovation; On‑site sign reaches approximately 28,000 vehicles daily
