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    Property profile & analytics

    1201 Cannon Blvd Kannapolis, NC 28083

    • Retail space
    • 1,920 SF
    • 0.29 lot acres
    For Sale
    View listing
    $350,000
    Value Estimation
    Last Sale
    Dec 02, 2020
    $175,000
    Location Intelligence
    Property ID
    US53-2945648
    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

    • L & J Newsstand / Adult Entertainment Store / Adult Dvd Store

    Property Details for 1201 Cannon Blvd

    Year built
    1954
    Lot size
    0.29 lot acres
    Property size
    1,920 SF
    Zone code
    C2:HIGHWAY COMMERCIAL
    Property type
    Retail space
    APN
    150 040
    APU
    150040

    Description

    This 1,920 square foot retail space is ideally situated on Cannon Boulevard in Kannapolis, NC, offering exceptional visibility and accessibility. The property boasts a prime location with high traffic counts, ensuring significant exposure for your business. The 0.52-acre lot provides ample parking for both customers and employees, a significant advantage in a busy commercial area. This presents a fantastic opportunity for a new business seeking a strong foothold in a growing market or for an established business looking to relocate to a more prominent location. The property's proximity to the revitalized downtown Kannapolis area further enhances its appeal, placing it within easy reach of a vibrant community and a diverse customer base. The building offers significant potential for a variety of retail uses, making it an attractive investment opportunity. The asking price of $350,000 reflects the property's prime location and significant potential for return on investment. Don't miss this chance to secure a thriving retail space in a dynamic and up-and-coming area. Contact us today to schedule a viewing.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $200,000

    • CAP approach

      CAP return
      Estimation
      6%
      $195,000
      6.5%
      $215,000
      7%
      $205,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $205,000
      Geo Method
      $225,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $160,000
      Retail
      $155,000
      Mixed-Use
      $155,000
      Hospitality
      $155,000
      Educational
      $160,000
      Residential Income
      $185,000
      Energy
      $200,000
      Income-Based Land
      $180,000
      Food Service
      $170,000

    Location Insight

    • Map
    • Local Demand
    City
    Kannapolis
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.6092
    Latitude
    35.5107
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,545
    $151,875
    $58,415
    $210,290
    -
    $151,875
    $58,415
    $210,290

    Comparable in this City

    • Value Estimation by Request
      12,435 SF

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      View Details
    • Value Estimation
      $330,000
      2,964 SF

      1321 Cannon Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,964 SF
      1321 Cannon Blvd, Kannapolis, NC 28083-2874
      View Details
    • Value Estimation
      $560,000
      2,040 SF

      2871 Cannon Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,040 SF
      2871 Cannon Blvd, Kannapolis, NC 28083-9124
      View Details
    • Value Estimation by Request
      3,344 SF

      406 Cannon Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,344 SF
      406 Cannon Blvd, Kannapolis, NC 28083-5259
      View Details
    • Value Estimation
      $290,000
      2,970 SF

      1608 Cannon Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,970 SF
      1608 Cannon Blvd, Kannapolis, NC 28083-6102
      View Details
    • Value Estimation
      $295,000
      1,200 SF

      915 Ln St

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      915 Ln St, Kannapolis, NC 28083-3751
      View Details

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    Kannapolis, NC 28083
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    Realmo Value Estimation

    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.

    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.

    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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