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Property profile & analytics
OFF-MARKET
Estimated value
$3,310,000
Outlet malls
1901 Main St Kannapolis, NC 28081-2355
Individually Owned
2-yr Hold
Free & Clear
Property ID
US53-2020913
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1942
Total area
9,120 SF
Lot
0.23 ac (10,019 SF)
Zoning code
C2
APN
160 168
UPID
US53-2020913
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
-
A & F Vending Big Box & Wholesale Store
-
City Electric Supply Kannapolis Building Supply Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.31M
Owner & transaction history
Reid S Coyner · 2 yrs held
Reid S Coyner
since 2024
Last sale
$3.0M
4 recorded transactions
Zoning & alternative use
C2 · 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
Method
Estimation
Statistic approach
$3,480,000
ML approach
$3,665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.31M
Range $2.98M – $3.64M · ±10% · vs last sale $3.04M (Nov 25 2020)
Last sale anchor
$3.04M
Nov 25 2020
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
$363 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,584
Tax year 2023
Assessed value
$296,160
Assessed 2023
Previous assessed
$241,885
+22.4% YoY
Effective rate
1.21%
On assessed value
Assessed land
$52,992
Assessed improvement
$243,168
Land market value
$52,992
Improvement market value
$243,168
Total market value
$296,160
Applied tax rate
121.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1942
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
9,120 SF
Lot
0.23 ac (10,019 SF)
Zoning code
C2
APN
160 168
UPID
US53-2020913
Jurisdiction
ROWAN
Zoning & alternative use
C2 · Kannapolis, NC
Zoning C2 · permitted uses
C2 · 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
1942
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Reid S Coyner
Individual
Free & Clear · 2 yrs held
Mailing address
2727 N HARWOOD ST STE #300, DALLAS, TX 75201-2407
Ownership since
2024
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 15, 2024
$360,000
Reid S Coyner
Anthony Wayne Runck
Warranty Deed
—
Nov 25, 2020
$3,044,500
Spirit Master Funding X LLC
City Electric Supply Co
Warranty Deed
—
Apr 12, 2007
$250,000
Yorkridge Properties INC
Hurst,calvin B
Grant Deed
—
Dec 22, 2005
—
Calvin B Hurst
Bee & Bee INC
Warranty Deed
—
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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