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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Retail space
106 Enochville Ave Kannapolis, NC 28081-9002
Entity Owned
7-yr Hold
Free & Clear
Property ID
US53-2201802
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Construction
STEEL FRAME
Total area
9,196 SF
Lot
1.99 ac (86,684 SF)
Zoning code
RA
APN
249B435
UPID
US53-2201802
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
-
FedEx OnSite Postal Service Courier Service
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
-
Dollar General Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.74M
Comparable Approach
Comparable
$949k
Blend (final)
Blend
$1.34M
Owner & transaction history
Mdc Nc1 LP · 7 yrs held
Mdc Nc1 LP
since 2018
7 recorded transactions
Zoning & alternative use
RA · Kannapolis, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+79.2%
Office building
$1.1M
+55.5%
Restaurant
$1.1M
+52.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,880,000
6.5%
$1,735,000
7%
$1,615,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,295,000
Change: +79% · Conversion: Difficult
OFFICE BUILDING
$1,125,000
Change: +55% · Conversion: Easy
RESTAURANT
$1,105,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$870,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$860,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$146 / SF
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
$4,523
Tax year 2023
Assessed value
$685,311
Assessed 2023
Previous assessed
$547,675
+25.1% YoY
Effective rate
0.66%
On assessed value
Assessed land
$158,953
Assessed improvement
$526,358
Land market value
$158,953
Improvement market value
$526,358
Total market value
$685,311
Applied tax rate
111.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2009
Construction
STEEL FRAME
Heating
YES
Stories
1
Units
1
Total area
9,196 SF
Lot
1.99 ac (86,684 SF)
Zoning code
RA
APN
249B435
UPID
US53-2201802
Jurisdiction
ROWAN
Zoning & alternative use
RA · Kannapolis, NC
Zoning RA · permitted uses
RA · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$870,000
COMMERCIAL (GENERAL)
Est. value
$860,000
MEDICAL BUILDING
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Construction
STEEL FRAME
Heating
YES
Stories
1
Units
1
Lot
1.99 ac
Current owner
From public records · entity-resolved
Mdc Nc1 LP
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 6969, SYRACUSE, NY 13217-6969
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2018
—
Mdc Nc1 LP
Realty Income Prop 30 LLC
Warranty Deed
—
Jan 28, 2014
$1,223,000
Realty Income Props 30 LLC
Retail Property Invs LLC
Grant Deed
—
Jan 24, 2014
$1,223,000
Realty Income Properties 30 Ll
Retail Property Investments LLC
Grant Deed
—
Jan 13, 2011
$939,500
Retail Property Invs LLC
Hancock Dev LLC
Grant Deed
—
Dec 30, 2010
$939,500
Retail Property Investments Ll
Hancock Development LLC
Grant Deed
—
Mar 25, 2009
$275,000
Hancock Dev LLC
Eddleman,carol R
Warranty Deed
—
Mar 25, 2009
—
Hancock Dev LLC
—
Trustees Deed
related
$761,250 · Western Fsb
Mar 24, 2009
$275,000
Hancock Development LLC
Eddleman,carol Rummage
Grant Deed
$761,250 · Western Fsb
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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