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Property profile & analytics
OFF-MARKET
Estimated value
$5,515,000
Warehouses
1578 Roger Dl Carter Dr, Kannapolis, NC 28081-7729
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US53-2371459
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Construction
STEEL FRAME
Total area
58,520 SF
Lot
4.28 ac (186,437 SF)
Zoning code
CD
APN
5601 08 8854
UPID
US53-2371459
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.55M
Comparable Approach
Comparable
$5.85M
Blend (final)
Blend
$5.52M
Owner & transaction history
Natkannapolis LLC · 16 yrs held
Natkannapolis LLC
since 2010
7 recorded transactions
Zoning & alternative use
CD · Kannapolis, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.4M
+113.7%
Commercial (general)
$5.5M
+38.5%
Retail stores
$4.6M
+16.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$7,090,000
6.5%
$6,545,000
7%
$6,075,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,940,000
Current use
AUTO REPAIR, GARAGE
$8,420,000
Change: +114% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,460,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$4,605,000
Change: +17% · Conversion: Moderate
Blend value · Realmo final
$5.52M
Range $4.96M – $6.07M · ±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
$94 / 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
Tax billed
$60,161
Tax year 2024
Assessed value
$5,298,160
Assessed 2024
Previous assessed
$4,205,130
+26.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$622,870
Assessed improvement
$4,675,290
Land market value
$622,870
Improvement market value
$4,675,290
Total market value
$5,298,160
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
1
Bathrooms
4
Total area
58,520 SF
Lot
4.28 ac (186,437 SF)
Zoning code
CD
APN
5601 08 8854
UPID
US53-2371459
Jurisdiction
CABARRUS
Zoning & alternative use
CD · Kannapolis, NC
Zoning CD · permitted uses
CD · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$8.4M
COMMERCIAL (GENERAL)
Est. value
$5.5M
RETAIL STORES
Est. value
$4.6M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
4
Lot
4.28 ac
Current owner
From public records · entity-resolved
Natkannapolis LLC
Entity
Mailing address
1057 GLENHAVEN DR, PACIFIC PLSDS, CA 90272-2204
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2016
—
Natkannapolis LLC
—
Deed
related
$3,500,000 · Miscellaneous Ins Co
Apr 9, 2010
$5,450,000
Natkannapolis LLC
Sdg-kannapolis LLC
Grant Deed
$3,200,000 · Woodmen Of World Life Insuranc
Jul 31, 2008
—
Sdg-kannapolis LLC
—
Trustees Deed
related
$3,341,460 · First Citizens Bank & Trust Co
Jun 17, 2008
—
Black Family Holdings LLC
Black Family Trust
Quit Claim Deed
—
May 31, 2005
$219,000
Black 1994 Trust
Black Trust
Warranty Deed
related
—
—
—
Natkannapolis LLC
—
Deed Of Trust
related
$3,500,000 · Miscellaneous Ins Co
—
—
Mpp Kannapolis I LLC
—
Deed Of Trust
related
$200,000 · Regions Bank
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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