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Property profile & analytics
OFF-MARKET
Medical Office Space
1843 Rdg Ave Kannapolis, NC 28083-6149
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1515141
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1959
Construction
WOOD
Total area
2,102 SF
Lot
0.4 ac (17,468 SF)
Zoning code
GC
APN
5612 78 6892
UPID
US53-1515141
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
-
Nixon Kimberly J DDS Dental Office
-
Dr. Christopher Cotterill Dental Office
-
Charlotte Pediatric Dentistry - Kannapolis Dental Office
-
Hard Money Lenders Kannapolis NC Loan Service Bank
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
Horizon III Lcl · 1 yrs held
Horizon III Lcl
since 2025
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
GC · 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
Tax billed
$2,360
Tax year 2024
Assessed value
$207,800
Assessed 2024
Previous assessed
$176,970
+17.4% YoY
Effective rate
1.14%
On assessed value
Assessed land
$91,080
Assessed improvement
$116,720
Land market value
$91,080
Improvement market value
$116,720
Total market value
$207,800
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
2,102 SF
Lot
0.4 ac (17,468 SF)
Zoning code
GC
APN
5612 78 6892
UPID
US53-1515141
Jurisdiction
CABARRUS
Zoning & alternative use
GC · Kannapolis, NC
Zoning GC · permitted uses
GC · 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
1959
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.4 ac
Current owner
From public records · entity-resolved
Horizon III Lcl
Individual
Mailing address
2711 RANDOLPH RD STE #600, CHARLOTTE, NC 28207-2027
Ownership since
2025
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
Jan 7, 2026
—
Horizon III LLC
—
Deed
related
$275,000 · First National Bank Of Pennsylvania
Jun 10, 2025
$500,000
Horizon III Lcl
Blehbwm Kannapolis LLC
Special Warranty Deed
$425,000 · First National Bank Of Pennsylvania
Oct 28, 2021
$320,000
Gblehbwm Kannapolis LLC
Zsambeky Chaney Office Partnership
Warranty Deed
—
Jan 31, 2017
$160,000
Zsambeky Chaney Offic Partnership L
Carlos A Sanchez
Warranty Deed
—
May 1, 2002
—
Carlos A Sanchez
Sanchez,carlos A
Quit Claim Deed
related
—
—
—
Carlos A Sanchez Ent LLC
—
Deed Of Trust
related
$382,842 · First Citizens Bank & Trust Co
—
—
Carlos A Sanchez
—
Deed Of Trust
related
$382,842 · First Citizens Bank & Trust Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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