Nail Salon Building on Corner
For Sale
$685,000
2960 Dale Earnhardt Boulevard, Kannapolis, NC 28083
Brick commercial building with customer amenities, rear parking, and General Commercial zoning near I-85 access.
Property Size1,580 SF
Lot Size0.30 Acres
Price / SF$433.54
Days on Market17
Property Features for 2960 Dale Earnhardt Boulevard
General Information
Standard status
Active
Size
1,580 SF
Lot size
0.30 Acres
Zoning
GENERAL COMMERCIAL
Site & Location
Corner Location
Yes
Highway Access
Yes
Amenities
two restrooms
handicap-accessible ramp
storage area
concrete parking
Building Details
Year Built
1967
Buildings
1
Construction
brick
Tenancy
Single
Listing Agency:
Lantern Realty & Development, LLC
(704) 791-1074
Listed By:
Pam Lambert · License #216222
Source:
Mycrosskeys
Added: Aug 15
Changed: Aug 29
Last Checked: Aug 30 at 7:04PM
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 1,580-square-foot brick commercial building was constructed in 1967 and is currently configured for nail salon use. The property includes a metal roof, two restrooms, a handicap-accessible ramp, interior storage, and concrete parking at the rear.
Positioned on a corner lot, the site provides 86 feet of frontage along Dale Earnhardt Boulevard and extends 150 feet deep. It is located just off I-85 at Exit 60, within a commercial setting that includes shopping centers, big-box businesses, banks, restaurants, gas stations, hotels, and retail stores. General Commercial zoning supports a range of business uses, subject to applicable requirements.
Positioned on a corner lot, the site provides 86 feet of frontage along Dale Earnhardt Boulevard and extends 150 feet deep. It is located just off I-85 at Exit 60, within a commercial setting that includes shopping centers, big-box businesses, banks, restaurants, gas stations, hotels, and retail stores. General Commercial zoning supports a range of business uses, subject to applicable requirements.
Key Highlights
- 1,580 SF brick building constructed in 1967
- 86 feet of frontage on Dale Earnhardt Boulevard with 150‑foot lot depth
- Corner‑lot position just off I‑85 at Exit 60
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
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
287k
Monthly Visits Nearby
Well-served
Demand for This Use
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?
Spa & wellness property - Brick commercial building with customer amenities, rear parking, and General Commercial zoning near I-85 access.
Where is this spa & wellness property 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: 1,580 SF brick building constructed in 1967; 86 feet of frontage on Dale Earnhardt Boulevard with 150‑foot lot depth; Corner‑lot position just off I‑85 at Exit 60
