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Property profile & analytics
OFF-MARKET
Assisted living facilities
1516 Pne St, Kannapolis, NC 28081-4142
Entity Owned
12-yr Hold
Free & Clear
Property ID
US53-1695359
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1975
Total area
14,248 SF
Lot
3.43 ac (149,411 SF)
Zoning code
R18
APN
5604 90 5324
UPID
US53-1695359
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
-
Kannapolis Village Long Term Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
City Of Kannapolis · 12 yrs held
City Of Kannapolis
since 2014
5 recorded transactions
Zoning & alternative use
R18 · 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
—
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
$4,220
Assessed 2024
Previous assessed
$4,220
+0.0% YoY
Assessed land
$4,220
Land market value
$4,220
Total market value
$4,220
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1975
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
14,248 SF
Lot
3.43 ac (149,411 SF)
Zoning code
R18
APN
5604 90 5324
UPID
US53-1695359
Jurisdiction
CABARRUS
Zoning & alternative use
R18 · Kannapolis, NC
Zoning R18 · permitted uses
R18 · 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
1975
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.43 ac
Current owner
From public records · entity-resolved
City Of Kannapolis
Entity
Free & Clear · 12 yrs held
Mailing address
401 LAUREATE WAY, KANNAPOLIS, NC 28081-0005
Ownership since
2014
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
May 5, 2014
$2,700,000
City Of Kannapolis
Aa Holdings-kannapolis LLC
Warranty Deed
related
—
May 16, 2006
—
Wakefield Cmntys-kannapolis Ll
Diversicare Assisted Living Sv
Grant Deed
—
—
—
Aa Holdings-kannapolis LLC
—
Deed Of Trust
related
$2,100,000 · Carolina Commerce Bank
—
—
Aa Holdings-kannapolis LLC
—
Deed Of Trust
related
$2,700,350 · Cardinal Health INC
—
—
Aa Holdings-kannapolis LLC
—
Deed Of Trust
related
$9,000,350 · Cardinal Health 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.
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