Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    103 Rdg Ave Kannapolis, NC 28083-4463

    • Garden apartment buildings
    • 8,618 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimation
    $2,010,000
    Last Sale
    Mar 20, 2024
    $2,364,000
    Location Intelligence
    Property ID
    US53-1444799
    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

    • Garden apartment buildings

    Property Details for 103 Rdg Ave

    Year built
    1914
    Construction
    WOOD
    Lot size
    0.48 lot acres
    Property size
    8,618 SF
    Zone code
    R8
    Property type
    Garden apartment buildings
    APN
    5613 69 9796
    APU
    5613699796

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,890,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,400,000
      6.5%
      $2,325,000
      7%
      $2,365,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,580,000
      Geo Method
      $2,575,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,405,000
      Retail
      $2,350,000
      Mixed-Use
      $2,370,000
      Hospitality
      $1,825,000
      Educational
      $1,810,000
      Residential Income
      $2,060,000
      Energy
      $2,375,000
      Income-Based Land
      $2,525,000
      Food Service
      $2,245,000

    Location Insight

    • Map
    • Local Demand
    City
    Kannapolis
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.6229
    Latitude
    35.497
    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
    2024
    $7,654
    $48,000
    $626,050
    $674,050
    -
    $48,000
    $626,050
    $674,050

    Comparable in this City

    • Value Estimation by Request
      68,257 SF

      1430 El Paso St

      GARDEN APT, COURT APT (5+ UNITS) • 68,257 SF
      1430 El Paso St, Kannapolis, NC 28083-1100
      View Details
    • Value Estimation by Request
      18.11 Acres

      Ln St

      GARDEN APT, COURT APT (5+ UNITS) • 18.11 Acres
      Ln St, Kannapolis, NC 28083
      View Details
    • Value Estimation by Request
      8,410 SF

      1302 Mdw Ave

      GARDEN APT, COURT APT (5+ UNITS) • 8,410 SF
      1302 Mdw Ave, Kannapolis, NC 28083-5135
      View Details
    • Value Estimation by Request
      9,349 SF

      2137 University Dr

      GARDEN APT, COURT APT (5+ UNITS) • 9,349 SF
      2137 University Dr, Kannapolis, NC 28083-7261
      View Details
    • Value Estimation by Request
      72,436 SF

      300 Sandy Ct

      GARDEN APT, COURT APT (5+ UNITS) • 72,436 SF
      300 Sandy Ct, Kannapolis, NC 28083-8036
      View Details
    • Value Estimation by Request
      17.39 Acres

      2802 Ln St

      GARDEN APT, COURT APT (5+ UNITS) • 17.39 Acres
      2802 Ln St, Kannapolis, NC 28083-9223
      View Details

    Similar Nearby for Sale

    • $420,000
      2,936 SF

      Kannapolis Multifamily/Short-Term Rental Opportunity

      Charming, versatile property near Kannapolis Research Campus with diverse potential.
      1102 Lane St, Kannapolis, NC 28083
      View Details
    • $1,250,000
      3.45 Acres

      Kannapolis Land for Multifamily Development

      3.45-acre property zoned for high-density multifamily development.
      1768 Concord Lake Rd, Kannapolis, NC 28083
      View Details
    • New
      $250,000
      0.14 Acres

      Updated Duplex in Revitalized Kannapolis

      Turn-key duplex in booming Kannapolis, ideal for investors.
      659 Wilson St, Kannapolis, NC 28083
      View Details
    • $295,000
      1,519 SF

      New Home Near Downtown Kannapolis

      Modern 3-bedroom home near downtown Kannapolis with potential credits.
      1052 Mclain Road Ext, Kannapolis, NC 28083
      View Details
    • $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

    Similar Nearby for Lease

    • $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
      View Details
    • Contact for pricing

      Corner Lot in Kannapolis, NC

      Located on a hard corner with high visibility and access.
      Kannapolis, NC 28083
      View Details
    • $13 SF/Yr
      66,317 SF

      College Station Shopping Center

      Kannapolis Retail/Office Space
      475 Cannon Blvd, Kannapolis, NC 28083
      View Details
    • Contact for pricing
      2,453 SF

      Cannon Blvd. Industrial Space Available

      Secure Industrial Space, Multiple Uses
      2881 Cannon Blvd, Kannapolis, NC 28083
      View Details
    • Contact for pricing

      Industrial Outdoor Storage Space Available

      Prime industrial outdoor storage space with easy I-85 access.
      230 Lockhart Rd, Kannapolis, NC 28083
      View Details
    • Contact for pricing
      3,150 SF

      Kannapolis Retail Space - 3150 SF

      Prime Kannapolis retail space available.
      2115 Cannon Blvd, Kannapolis, NC 28083
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    103 Rdg Ave
    Kannapolis, NC 28083-4463
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.