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Property profile & analytics
OFF-MARKET
Retail space
1017 Cannon Blvd Kannapolis, NC 28083-2971
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-2420082
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1990
Construction
STEEL FRAME
Total area
4,128 SF
Lot
0.41 ac (17,903 SF)
Zoning code
C2:HIGHWAY COMMERCIAL
APN
150 264
UPID
US53-2420082
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
El Tejano Ropa Vaquera Western Wear (Bike/Boat/Book/etc) Store
-
B M Y TOBACCO SHOP (Bike/Boat/Book/etc) Store
-
Plaza Cleaners (Bike/Boat/Book/etc) Store
-
Peluqueria Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Izquierdo Santacruz Gerzain · 3 yrs held
Izquierdo Santacruz Gerzain
since 2022
Last sale
$450,000
1 recorded transaction
Zoning & alternative use
C2:HIGHWAY COMMERCIAL · Kannapolis, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kannapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kannapolis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,512
Tax year 2023
Assessed value
$372,857
Assessed 2023
Previous assessed
$305,534
+22.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$186,516
Assessed improvement
$186,341
Land market value
$186,516
Improvement market value
$186,341
Total market value
$372,857
Applied tax rate
121.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
YES
Stories
1
Units
1
Total area
4,128 SF
Lot
0.41 ac (17,903 SF)
Zoning code
C2:HIGHWAY COMMERCIAL
APN
150 264
UPID
US53-2420082
Jurisdiction
ROWAN
Zoning & alternative use
C2:HIGHWAY COMMERCIAL · Kannapolis, NC
Zoning C2:HIGHWAY COMMERCIAL · permitted uses
C2:HIGHWAY COMMERCIAL · Kannapolis, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kannapolis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
STEEL FRAME
Heating
YES
Stories
1
Units
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Izquierdo Santacruz Gerzain
Individual
Mailing address
1017 N CANNON BLVD STE C, KANNAPOLIS, NC 28083-2971
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2022
$450,000
Izquierdo Santacruz Gerzain
Angelo Hantzopoulos
Warranty Deed
$325,000 · Angelo Hantzopoulos
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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