Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,870,000
Garden apartment buildings
1430 El Paso St Kannapolis, NC 28083-1100
Entity Owned
5-yr Hold
Absentee Owner
Property ID
US53-4760082
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2019
Construction
WOOD
Total area
68,257 SF
Lot
8.26 ac (359,588 SF)
Zoning code
R8
APN
5623 47 2251
UPID
US53-4760082
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
-
Prosperity Ridge Apartment Complex Housing Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.87M
Owner & transaction history
Prosperity Ridge Hsng LLC · 5 yrs held
Prosperity Ridge Hsng LLC
since 2020
4 recorded transactions
Zoning & alternative use
R8 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$115 / 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 2024Property tax & assessments
Tax year 2024
Assessed value
$11,580,650
Assessed 2024
Previous assessed
$7,548,390
+53.4% YoY
Assessed land
$1,404,180
Assessed improvement
$10,176,470
Land market value
$1,404,180
Improvement market value
$10,176,470
Total market value
$11,580,650
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2019
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
3
Units
60
Total area
68,257 SF
Lot
8.26 ac (359,588 SF)
Zoning code
R8
APN
5623 47 2251
UPID
US53-4760082
Jurisdiction
CABARRUS
Zoning & alternative use
R8 · Kannapolis, NC
Zoning R8 · permitted uses
R8 · 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.
Building & site characteristics
From public records
Year built
2019
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
60
Lot
8.26 ac
Current owner
From public records · entity-resolved
Prosperity Ridge Hsng LLC
Entity
Mailing address
13816 PROFESSIONAL CTR DR #200, HUNTERSVILLE, NC 28078-7938
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Dec 3, 2020
—
Prosperity Ridge Hsng LLC
—
Deed Of Trust
related
$1,350,000 · Housing Fin Agcy
Oct 29, 2019
—
Prosperity Ridge Housing LLC
—
Deed
related
$152,898 · Prosperity Unlimited INC
—
—
Prosperity Ridge Housing LLC
—
Loan Modification
related
$152,898 · Prosperity Unlimited INC
—
—
Prosperity Ridge Hsng LLC
—
Deed Of Trust
related
$1,472,000 · Centrant Cmnty Cap INC
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.
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 1430 El Paso St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
