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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Industrial properties
1408 Glenn Ave, Kannapolis, NC 28081
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-3427072
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$890k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$495k
Blend (final)
Blend
$715k
Owner & transaction history
Katalyst Holdings LLC · 3 yrs held
Katalyst Holdings LLC
since 2023
Last sale
$750,000
4 recorded transactions
Zoning & alternative use
OI:OFFICE INSTITUTIONAL · 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
Method
Estimation
Statistic approach
$690,000
ML approach
$890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,010,000
Current use
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $750k (Apr 26 2023)
Last sale anchor
$750k
Apr 26 2023
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
$28 / 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
$2,498
Tax year 2023
Assessed value
$206,411
Assessed 2023
Previous assessed
$179,849
+14.8% YoY
Effective rate
1.21%
On assessed value
Assessed land
$157,337
Assessed improvement
$49,074
Land market value
$157,337
Improvement market value
$49,074
Total market value
$206,411
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
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1960
Heating
YES
Buildings
2
Stories
1
Bathrooms
2
Total area
26,000 SF
Lot
2.29 ac (99,622 SF)
Zoning code
OI:OFFICE INSTITUTIONAL
APN
153 014
UPID
US53-3427072
Jurisdiction
ROWAN
Zoning & alternative use
OI:OFFICE INSTITUTIONAL · Kannapolis, NC
Zoning OI:OFFICE INSTITUTIONAL · permitted uses
OI:OFFICE INSTITUTIONAL · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.0M
INDUSTRIAL (GENERAL) Current
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
1960
Heating
YES
Stories
1
Buildings
2
Bathrooms
2
Lot
2.29 ac
Current owner
From public records · entity-resolved
Katalyst Holdings LLC
Entity
Mailing address
9943 LINKSLAND DR, HUNTERSVILLE, NC 28078-2604
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2023
$750,000
Katalyst Holdings LLC
Gregrey Salsich
Warranty Deed
—
May 7, 2010
—
Gregrey Salsich
Glenn Avenue Associates INC
Warranty Deed
—
Apr 22, 2010
—
Gregrey Salsich
Glenn,avenue Associates In
Grant Deed
related
—
—
—
Glenn Avenue Associates INC
—
Deed Of Trust
related
$80,000 · John W JR Weathers
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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