High-Traffic Commercial Corner
For Sale
$685,000
2960 Dale Earnhardt Boulevard, Kannapolis, NC 28083
Corner lot with frontage on Dale Earnhardt Blvd.
Property Size1,580 SF
Price / SF$433.54
Days on Market379
Property Features for 2960 Dale Earnhardt Boulevard
General Information
Standard status
Active
Size
1,580 SF
Property subtype
Commercial
Amenities
Central air
Corner Lot
Aluminum Roof
Central Air Cooling
Tile Flooring
Building Details
Year Built
1967
Listing Agency:
LANTERN REALTY & DEVELOPMENT, LLC
(704) 298-0087
Listed By:
PAM LAMBERT · License #216222
Source:
Corcoran
Added: Aug 7, 2025
Changed: Aug 18
Last Checked: Aug 20 at 6:19AM
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 LANTERN REALTY & DEVELOPMENT, LLC
Investment Insights
Based on property information with market context.
This property presents an investment opportunity in a high-traffic commercial area near I-85 (Exit 60). The corner lot provides 86 feet of frontage on Dale Earnhardt Blvd and is 150 feet deep, offering visibility. Zoned general commercial, the property is located among shopping centers, big box businesses, banks, restaurants, gas stations, hotels, and retail stores. The building includes a metal roof, two restrooms, a handicap-accessible ramp, a storage area, and concrete parking in the back. The property is currently used as a nail salon and has general commercial zoning for multiple uses. The building size is 1580 square feet.
Key Highlights
- High‑traffic location off I‑85 (Exit 60) in a commercial corridor.
- Corner lot with 86 feet of frontage on Dale Earnhardt Blvd, providing maximum visibility.
- Zoned General Commercial, allowing for multiple uses.
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
$19,397
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
2.83%
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%
$387,940
$387.9K
Cap Rate 7%
$277,100
$277.1K
Cap Rate 9%
$215,522
$215.5K
Market Conditions
NOI Build-Up for 1,580 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
$30.0K $18.96/SF
− Vacancy
−$2.2K −$1.42/SF
EGI
$27.7K $17.54/SF
− OpEx
−$8.3K −$5.26/SF
NOI
$19.4K $12.28/SF
Area
Cabarrus County, NC
Vacancy
7.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
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%
$387,940
Cap Rate 7%
$277,100
Cap Rate 9%
$215,522
Alternative Uses
Best Use
Retail
$277.1K
$242.5K – $323.3K
NOI $19,397 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$497.3K
$435.1K – $580.2K
NOI $34,811 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
287k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Superstores 37%
Home Improvements & Furnishings 15%
Shops & Services 6%
Sam's Club
Superstores
105,335 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
44,316 visits/mo
0.2 miles
McDonald's
Dining
30,126 visits/mo
0.2 miles
Cracker Barrel Old Country Store
Dining
29,576 visits/mo
0.4 miles
Logan's Roadhouse
Dining
27,000 visits/mo
0.2 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?
Retail space - Corner lot with frontage on Dale Earnhardt Blvd.
Where is this retail space located?
The property is located at 2960 Dale Earnhardt Boulevard Kannapolis, NC.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: High‑traffic location off I‑85 (Exit 60) in a commercial corridor.; Corner lot with **86 feet of frontage on Dale Earnhardt Blvd, providing maximum visibility.**; Zoned General Commercial, allowing for multiple uses.
