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    Property profile & analytics

    511 Cannon Blvd Kannapolis, NC 28083

    • Commercial real estate
    • 0.80 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-5252790
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 511 Cannon Blvd

    Lot size
    0.80 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.8-acre commercial land parcel is ideally situated at 511 S. Cannon Blvd in Kannapolis, North Carolina, within the C-2 General Commercial District. The property boasts a highly desirable location, offering excellent visibility and accessibility. It's already graded, complete with curb, gutter, and utilities, significantly reducing development time and costs. This ready-to-build site presents a unique opportunity for various commercial ventures. Its strategic placement provides convenient cross-access with a newly established KFC, ensuring high traffic flow and potential customer synergy. The zoning permits a wide range of commercial uses, making it particularly suitable for fast-food restaurants or similar establishments. The address is 511 S. Cannon Blvd, Kannapolis, NC 28083, in Cabarrus County. This property is located at latitude 35.488069 and longitude -80.610624. Contact us for pricing and to explore the possibilities this prime commercial land offers. Don't miss this chance to secure a valuable asset in a thriving Kannapolis location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kannapolis
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.610624
    Latitude
    35.488069

    Comparable in this City

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      Kannapolis Commercial Land Parcel

      High-traffic Kannapolis land, ideal for development.
      413 Cannon Blvd, Kannapolis, NC 28083
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      0.53 Acres

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      Prime Kannapolis commercial lot, ideal for retail or restaurant.
      2191 Roxie St, Kannapolis, NC 28083
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    • $300,000
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      26.5 Acres of Land

      26.5+- acre lot suitable for residential or agricultural use.
      3007 Centergrove Rd, Kannapolis, NC 28083
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    • $224,900

      Commercial Land on US Hwy 29

      1.27 acre commercial land parcel available for purchase.
      653 E 14Th St, Kannapolis, NC 28083
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    • $125,000
      3.90 Acres

      Kannapolis Land For Sale

      3.90 acres in Cabarrus County, Kannapolis, North Carolina.
      3892 Sunrise Dr, Kannapolis, NC 28083
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    • $274,900
      1.27 Acres

      Kannapolis Commercial Land - $274,900

      High-traffic corner lot, retail/office potential.
      653 14Th St, Kannapolis, NC 28083
      View Details

    Similar Nearby for Sale

    • $250,000
      0.52 Acres

      Kannapolis Commercial Land Parcel

      High-traffic Kannapolis land, ideal for development.
      413 Cannon Blvd, Kannapolis, NC 28083
      View Details
    • Contact for pricing
      0.53 Acres

      Kannapolis Commercial Land - 0.53 Acres

      Prime Kannapolis commercial lot, ideal for retail or restaurant.
      2191 Roxie St, Kannapolis, NC 28083
      View Details
    • $300,000
      26.50 Acres

      26.5 Acres of Land

      26.5+- acre lot suitable for residential or agricultural use.
      3007 Centergrove Rd, Kannapolis, NC 28083
      View Details
    • $224,900

      Commercial Land on US Hwy 29

      1.27 acre commercial land parcel available for purchase.
      653 E 14Th St, Kannapolis, NC 28083
      View Details
    • $125,000
      3.90 Acres

      Kannapolis Land For Sale

      3.90 acres in Cabarrus County, Kannapolis, North Carolina.
      3892 Sunrise Dr, Kannapolis, NC 28083
      View Details
    • $274,900
      1.27 Acres

      Kannapolis Commercial Land - $274,900

      High-traffic corner lot, retail/office potential.
      653 14Th St, Kannapolis, NC 28083
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Corner Lot in Kannapolis, NC

      Located on a hard corner with high visibility and access.
      Kannapolis, NC 28083
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    • Contact for pricing

      Industrial Outdoor Storage Space Available

      Prime industrial outdoor storage space with easy I-85 access.
      230 Lockhart Rd, Kannapolis, NC 28083
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    • $13 SF/Yr
      66,317 SF

      College Station Shopping Center

      Kannapolis Retail/Office Space
      475 Cannon Blvd, Kannapolis, NC 28083
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    • $950 /Mo

      Updated One-Bedroom Duplex For Rent

      One-bedroom, one-bath duplex with updated features available for rent.
      301 Plymouth St, Kannapolis, NC 28083
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      2,453 SF

      Cannon Blvd. Industrial Space Available

      Secure Industrial Space, Multiple Uses
      2881 Cannon Blvd, Kannapolis, NC 28083
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    • Contact for pricing
      3,150 SF

      Kannapolis Retail Space - 3150 SF

      Prime Kannapolis retail space available.
      2115 Cannon Blvd, Kannapolis, NC 28083
      View Details
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    511 Cannon Blvd
    Kannapolis, NC 28083
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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