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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Life science properties
150 Research Campus Dr, Kannapolis, NC 28081-3384
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-4029275
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
2006
Construction
STEEL FRAME
Total area
101,014 SF
Lot
1.84 ac (80,307 SF)
Zoning code
CC
APN
5614 60 8872 0001
UPID
US53-4029275
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
-
NC Food Innovation Lab Research And Product Development
-
North Carolina Research Campus (NCRC) Research And Product Development Research Foundation
-
Standard Process Inc. - Nutrition Innovation Center Research And Product Development
-
Bioinformatics Services Division Research Foundation University
-
David H Murdock Core Laboratory Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$730k
Owner & transaction history
Castle & Cooke Ncrc Properties 1 Ll · 1 yrs held
Castle & Cooke Ncrc Properties 1 Ll
since 2024
5 recorded transactions
Zoning & alternative use
CC · 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
by Request
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$7 / 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
$13,824,280
Assessed 2024
Previous assessed
$15,747,790
-12.2% YoY
Assessed land
$1,220,670
Assessed improvement
$12,603,610
Land market value
$1,220,670
Improvement market value
$12,603,610
Total market value
$13,824,280
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
3
Bathrooms
12
Total area
101,014 SF
Lot
1.84 ac (80,307 SF)
Zoning code
CC
APN
5614 60 8872 0001
UPID
US53-4029275
Jurisdiction
CABARRUS
Zoning & alternative use
CC · Kannapolis, NC
Zoning CC · permitted uses
CC · 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
2006
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Bathrooms
12
Lot
1.84 ac
Current owner
From public records · entity-resolved
Castle & Cooke Ncrc Properties 1 Ll
Entity
Free & Clear · 1 yrs held
Mailing address
150 N RESEARCH CAMPUS DR, KANNAPOLIS, NC 28081-3384
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2024
$9,288,500
Castle & Cooke Ncrc Properties 1 Ll
David H Murdock Research Insitute
Special Warranty Deed
—
Sep 12, 2022
—
State Of North Carolina
David H Murdock Research Institute
Lease
—
Jun 5, 2020
—
David H Murdock Research Inst
—
Deed
related
$3,000,000 · Alfie Income All Asset All Aut
May 29, 2020
—
David H Murdock Research Inst
Castle & Cooke N Carolina LLC
Grant Deed
—
—
—
David H Murdock Research Inst
—
Deed Of Trust
related
$3,000,000 · Alfie Income All Asset All Aut
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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