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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Retail space
1909 Cannon Blvd, Kannapolis, NC 28083-2626
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-3121184
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Total area
10,504 SF
Lot
1.58 ac (68,781 SF)
Zoning code
C1:NEIGHBORHOOD COMM
APN
161 137
UPID
US53-3121184
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
-
Family Dollar Discount Store
-
Andrew R. Matthews, DC Alternative Medicine Practice
-
Ability Chiropractic Alternative Medicine Practice
-
Kim Outlaw Physician
-
Kneaded Touch Therapy LLC Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$817k
Blend (final)
Blend
$1.04M
Owner & transaction history
Family Dollar Stores Of Nc LLC · 1 yrs held
Family Dollar Stores Of Nc LLC
since 2024
2 recorded transactions
Zoning & alternative use
C1:NEIGHBORHOOD COMM · Kannapolis, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+79.2%
Office building
$1.3M
+55.5%
Restaurant
$1.3M
+52.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$825,000
Current use
MEDICAL BUILDING
$1,480,000
Change: +79% · Conversion: Difficult
OFFICE BUILDING
$1,285,000
Change: +55% · Conversion: Easy
RESTAURANT
$1,260,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$990,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$915,000
Change: +11% · Conversion: Easy
WAREHOUSE, STORAGE
$705,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±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
$99 / 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
$14,481
Tax year 2023
Assessed value
$1,196,793
Assessed 2023
Previous assessed
$1,028,486
+16.4% YoY
Effective rate
1.21%
On assessed value
Assessed land
$508,248
Assessed improvement
$688,545
Land market value
$508,248
Improvement market value
$688,545
Total market value
$1,196,793
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1962
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
10,504 SF
Lot
1.58 ac (68,781 SF)
Zoning code
C1:NEIGHBORHOOD COMM
APN
161 137
UPID
US53-3121184
Jurisdiction
ROWAN
Zoning & alternative use
C1:NEIGHBORHOOD COMM · Kannapolis, NC
Zoning C1:NEIGHBORHOOD COMM · permitted uses
C1:NEIGHBORHOOD COMM · 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
RETAIL STORES Current
Est. value
$825,000
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$990,000
COMMERCIAL (GENERAL)
Est. value
$915,000
WAREHOUSE, STORAGE
Est. value
$705,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1962
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
1.58 ac
Current owner
From public records · entity-resolved
Family Dollar Stores Of Nc LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1245 PNE RDG RD, CHINA GROVE, NC 28023-8601
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2024
—
Family Dollar Stores Of Nc LLC
Darvin D Pethel
Lease
—
Mar 29, 2022
$1,317,500
Darvin D Pethel
Lowes Rental INC
Warranty Deed
$617,544 · Lowes Rental INC
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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