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
Entity Owned 3-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

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 classification makes it suitable for a variety of light manufacturing operations. Its location in Kannapolis offers convenient access to transportation routes and local amenities, making it an attractive option for businesses seeking a strategic location in North Carolina. The property is ready for immediate occupancy, providing a seamless transition for new tenants. Interested parties are encouraged to inquire about lease terms and availability. This is an exceptional opportunity to secure prime industrial space in a thriving North Carolina market. Contact us today to schedule a viewing and explore the possibilities.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1960
Total area 26,000 SF
Lot 2.29 ac (99,622 SF)
Zoning code OI:OFFICE INSTITUTIONAL
APN 153 014
UPID US53-3427072

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1408 Glenn Ave Kannapolis, NC 28081
Kannapolis metro Census 51501 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$890k
CAP Approach CAP
by Request
Comparable Approach Comparable
$495k
Blend (final) Blend
$690k

Owner & transaction history

since 2023
Last sale
$750,000
4 recorded transactions
2023
$750,000
2010
Price N/A
2010
Price N/A
1969
Price N/A

Zoning & alternative use

OI:OFFICE INSTITUTIONAL · Kannapolis, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1408 Glenn Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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