Entity Owned Property summary
AI-generated overview
The property is a commercial site in Kannapolis, North Carolina, comprising approximately 24,624 square feet of buildings on 3.76 acres across five parcels. The property was constructed in 1965 and underwent renovations in 1999, and it is zoned GC for a range of commercial uses. It has more than 510 feet of frontage on S Cannon Blvd, a road with heavy traffic, and the site includes extensive parking and/or outdoor display areas suited to outdoor-oriented sales and service activities, as well as office use. The configuration supports uses such as vehicle sales (including used car dealerships), equipment and equipment rental or sales, boat and trailer sales, truck rental or sales, motorcycle sales, and outdoor powersports sales.
Property profile
Verified
Property type
Other automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1965
Construction
STEEL FRAME
Total area
16,637 SF
Lot
3.12 ac (135,907 SF)
Zoning code
GC
APN
5623 00 2911
UPID
US53-1069405
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Car Dealership
-
Auto Parts Store
-
Auto Repair Shop Vehicle Inspection Center
-
Car Dealership
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.24M
Blend (final)
Blend
$2.85M
Owner & transaction history
1 recorded transaction
Zoning & alternative use
GC · Kannapolis, NC
Zoning description
-AC Mixed-Use Activity Center District Section 3.4.E TOD Transit-Oriented Development District Section 3.4.H CC Center City District Section 3.4.I NONRESIDENTIAL DISTRICTS O-I Office-Institutional District Section 3.5.C…
General category
COMMERCIAL
Top alternative use upside
Medical building
$3.7M
+53.6%
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.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$2.85M
Value range
$2.56M – $3.13M
±10% around blend
Estimated value / SF
$171 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$2.56M
blend $2.85M
$3.13M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
16,637 SF
Lot area
3.12 ac
Year built
1965
Stories
1
APN
5623 00 2911
Zoning
GC
Assessed value
$2,549,880
Annual tax
$28,954
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$3.24M
Range $1.00M – $3.66M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.85M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 31 sales
$144
+19%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $171/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+54%
vs current-use indication
Auto Repair, Garage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
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: replacement-cost inputs are not on file.
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
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.55M
Move the market yield to see immediate price impact.
Value / SF
$153
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
5.00%7.00%9.00%
$161k
$3.21M
$2.29M
$1.78M
$178k
$3.57M
$2.55M
$1.98M
$196k
$3.93M
$2.80M
$2.18M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$28,954
Tax year 2024
Assessed value
$2,549,880
Assessed 2024
Previous assessed
$1,994,620
+27.8% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,492,920
Assessed improvement
$1,056,960
Land market value
$1,492,920
Improvement market value
$1,056,960
Total market value
$2,549,880
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
Other automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Bathrooms
5
Total area
16,637 SF
Lot
3.12 ac (135,907 SF)
Zoning code
GC
APN
5623 00 2911
UPID
US53-1069405
Jurisdiction
CABARRUS
Zoning & alternative use
GC · Kannapolis, NCZoning GC · permitted uses
GC · Kannapolis, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
-AC Mixed-Use Activity Center District Section 3.4.E TOD Transit-Oriented Development District Section 3.4.H CC Center City District Section 3.4.I NONRESIDENTIAL DISTRICTS O-I Office-Institutional District Section 3.5.C…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
5
Lot
3.12 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
GC
COMMERCIAL
Jurisdiction
Kannapolis, NC
Recorded code
GC
Official district
GC
Official district profile
What the municipal code says about GC
Zoning description
-AC Mixed-Use Activity Center District Section 3.4.E TOD Transit-Oriented Development District Section 3.4.H CC Center City District Section 3.4.I NONRESIDENTIAL DISTRICTS O-I Office-Institutional District Section 3.5.C…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GC 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.
One complete report on every paid plan · 30 · 300 reports per month.
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.
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 1520 Cannon Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Get access to Data & Analytics
Choose membership plan that suits your needs
Unlock Full Report
$9
one-time
Single Property Report
Full report includes
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
MOST POPULAR
Professional Plan
$99
/mo
30 property reports a month.
Cancel anytime.
Cancel anytime.
Your membership includes
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Enterprise Plan
$299
/mo
300 property reports a month.
Cancel anytime.
Cancel anytime.
Your membership includes
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Unlock Light Report
Free
Confirm your email
and get 1 Light Report
and get 1 Light Report
Light report includes
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight
Confirm your e-mail to get the report
