Entity Owned 
For Sale
1 / 12
$3,625,000
1422 Nottingham Rd, Kannapolis, NC 28081
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Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
6,120 SF
Lot
1.88 ac (81,900 SF)
Zoning code
R4
APN
5612 09 8924
UPID
US53-1147613
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.10M
Blend (final)
Blend
$2.05M
Owner & transaction history
since 2022
Last sale
$2.6M
6 recorded transactions
Zoning & alternative use
R4 · Kannapolis, NC
Zoning description
1.A Zoning Districts Established DISTRICT SECTION IN KDO AGRICULTURAL DISTRICT AG Agricultural District Section 3.2.A RESIDENTIAL DISTRICTS R1 Residential 1 District Section 3.3.C R2 Residential 2 District Section 3.3.D…
General category
CIVIC_INSTITUTIONAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.05M
Value range
$1.85M – $2.26M
±10% around blend
Estimated value / SF
$335 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$1.85M
blend $2.05M
$2.26M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,120 SF
Lot area
1.88 ac
Year built
1971
Stories
2
APN
5612 09 8924
Zoning
R4
Assessed value
$1,683,130
Annual tax
$19,112
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$19,112
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.10M
Range $745k – $6.76M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.05M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 34 sales
$550
-39%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $335/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
3.20%
Selected cap rate for this garden apartment buildings
Derived from the Kannapolis market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.20%
9.0%
NOI (est.)
$231k *
Last sale · Nov 2022
$2.57M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$7.21M
Move the market yield to see immediate price impact.
Value / SF
$1,179
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.70%3.20%3.70%
$208k
$7.69M
$6.49M
$5.61M
$231k
$8.55M
$7.21M
$6.24M
$254k
$9.40M
$7.93M
$6.86M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$19,112
Tax year 2024
Assessed value
$1,683,130
Assessed 2024
Previous assessed
$666,010
+152.7% YoY
Effective rate
1.14%
On assessed value
Assessed land
$180,000
Assessed improvement
$1,503,130
Land market value
$180,000
Improvement market value
$1,503,130
Total market value
$1,683,130
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
For Sale
Year built
1971
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
2
Units
6
Bathrooms
1
Total area
6,120 SF
Lot
1.88 ac (81,900 SF)
Zoning code
R4
APN
5612 09 8924
UPID
US53-1147613
Jurisdiction
CABARRUS
Zoning & alternative use
R4 · Kannapolis, NCZoning R4 · permitted uses
R4 · Kannapolis, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
1.A Zoning Districts Established DISTRICT SECTION IN KDO AGRICULTURAL DISTRICT AG Agricultural District Section 3.2.A RESIDENTIAL DISTRICTS R1 Residential 1 District Section 3.3.C R2 Residential 2 District Section 3.3.D…
General category
CIVIC_INSTITUTIONAL
Building & site characteristics
From public records
Year built
1971
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Units
6
Bathrooms
1
Lot
1.88 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
R4
CIVIC_INSTITUTIONAL
Jurisdiction
Kannapolis, NC
Recorded code
R4
Official district
R4
Official district profile
What the municipal code says about R4
Zoning description
1.A Zoning Districts Established DISTRICT SECTION IN KDO AGRICULTURAL DISTRICT AG Agricultural District Section 3.2.A RESIDENTIAL DISTRICTS R1 Residential 1 District Section 3.3.C R2 Residential 2 District Section 3.3.D…
General category
CIVIC_INSTITUTIONAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R4 in Kannapolis, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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