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Property profile & analytics
OFF-MARKET
Turn key restaurants
1701 Main St Kannapolis, NC 28081-5923
Entity Owned
16-yr Hold
Free & Clear
Property ID
US53-2382385
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1998
Construction
WOOD
Total area
3,770 SF
Lot
0.95 ac (41,382 SF)
Zoning code
GC
APN
5612 69 8988
UPID
US53-2382385
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
-
ATM Atm
-
bp Grocery & Convenience Store
-
Vell's-Soul Food with a Twist Restaurant
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
Restaurant Realty LLC · 16 yrs held
Restaurant Realty LLC
since 2010
4 recorded transactions
Zoning & alternative use
GC · Kannapolis, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 GC General Commercial District Section 3.5.D LI Light Industrial District Section 3.5.E HI Heavy Industrial District Section 3.5.F LEGACY DI…
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
1,416.38 ac
Source
Article 3 Zoning Districts
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
Tax billed
$5,847
Tax year 2024
Assessed value
$514,940
Assessed 2024
Previous assessed
$527,890
-2.5% YoY
Effective rate
1.14%
On assessed value
Assessed land
$142,480
Assessed improvement
$372,460
Land market value
$142,480
Improvement market value
$372,460
Total market value
$514,940
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
3,770 SF
Lot
0.95 ac (41,382 SF)
Zoning code
GC
APN
5612 69 8988
UPID
US53-2382385
Jurisdiction
CABARRUS
Zoning & alternative use
GC · Kannapolis, NCZoning GC · permitted uses
GC · Kannapolis, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 GC General Commercial District Section 3.5.D LI Light Industrial District Section 3.5.E HI Heavy Industrial District Section 3.5.F LEGACY DISTRICTS CD Campus Development Appendix B CD-R Campus Development Residential C-1 L
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
1,416.38 ac
Source
Article 3 Zoning Districts
Building & site characteristics
From public records
Year built
1998
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.95 ac
Current owner
From public records · entity-resolved
Restaurant Realty LLC
Entity
Free & Clear · 16 yrs held
Mailing address
PO BOX 745, CONCORD, NC 28026-0745
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2010
—
Restaurant Realty LLC
Watson,robert E & Lois J
Grant Deed
—
Nov 2, 2009
—
Restaurant Realty LLC
Ccw Realty LLC
Grant Deed
related
—
Sep 8, 2009
$5,000
Ccw Realty LLC
Watson R E & L J 2 Trust
Grant Deed
—
—
—
Restaurant Realty LLC
—
Deed Of Trust
related
$144,000 · Bank Of North Carolina
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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