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Financial
Distress signals
Property profile

1408 Glenn Ave Kannapolis, NC 28081

OFF-MARKET
Industrial properties
Property ID
US53-3427072
26,000 SF 2.29 ac lot Built 1960
Last sale Apr 2023 · $750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This 17,500-square-foot light manufacturing facility in Kannapolis, NC, offers multiple tenancy options. Located at 1408 Glenn Ave, zip code 28081, this property presents a fantastic opportunity for businesses seeking flexible space solutions. Currently, 18,500 square feet is available for lease, divisible into units as small as 1,000 square feet. Larger tenants can occupy up to 13,000 contiguous square feet, providing scalability for growing companies. The property's industrial…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$206k
Assessed land$157k
Assessed improvement$49k
Effective rate1.21%

Value estimate

· Oct 2026
$690k
$621k – $759k
AI approach$890k
Submarket $/SF estimate$495k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$39/SF
County average, outlier-cleaned · 43 recorded sales of this use type
Observed band · Q1–Q3$19 – $64
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
OI:OFFICE INSTITUTIONAL
JurisdictionROWAN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency12.6
Law Firm11.9
Building Supply9.9

Location

1408 Glenn Ave Kannapolis, NC 28081
County assessor Recorded deeds · 4 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6509 Grayson, Kannapolis, NC 28081-9608 $3,900,000 Apr 2024 58,386 SF
729 Main, Kannapolis, NC 28081-4915 $1,000,000 Dec 2022 14,423 SF
421 Main, Kannapolis, NC 28081 $6,281,000 Oct 2022 18,170 SF
465 Charles Babbage, Kannapolis, NC 28081-2299 $11,413,500 Dec 2021 50,366 SF
1903 Main, Kannapolis, NC 28081-2355 $3,044,500 Nov 2020 8,190 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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