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Property profile & analytics
OFF-MARKET
Estimated value
$11,100,000
Garden apartment buildings
200 Cabarrus Arms Dr Kannapolis, NC 28081-4843
Entity Owned
2-yr Hold
Property ID
US53-0739629
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1973
Construction
WOOD
Total area
10,056 SF
Lot
10.11 ac (440,392 SF)
Zoning code
R8
APN
5613 34 9944
UPID
US53-0739629
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
$11.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.08M
Blend (final)
Blend
$11.10M
Owner & transaction history
Lih Kimberly Ridge Associates LLC · 2 yrs held
Lih Kimberly Ridge Associates LLC
since 2024
Last sale
$11.1M
5 recorded transactions
Zoning & alternative use
R8 · 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
$11,100,000
ML approach
$11,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.10M
Range $9.99M – $12.21M · ±10% · vs last sale $11.10M (Apr 24 2024)
Last sale anchor
$11.10M
Apr 24 2024
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
$1,104 / 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
$82,766
Tax year 2024
Assessed value
$7,288,930
Assessed 2024
Previous assessed
$4,509,200
+61.6% YoY
Effective rate
1.14%
On assessed value
Assessed land
$386,010
Assessed improvement
$6,902,920
Land market value
$386,010
Improvement market value
$6,902,920
Total market value
$7,288,930
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
11
Stories
2
Units
8
Bathrooms
2
Total area
10,056 SF
Lot
10.11 ac (440,392 SF)
Zoning code
R8
APN
5613 34 9944
UPID
US53-0739629
Jurisdiction
CABARRUS
Zoning & alternative use
R8 · Kannapolis, NC
Zoning R8 · permitted uses
R8 · 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
1973
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
11
Units
8
Bathrooms
2
Lot
10.11 ac
Current owner
From public records · entity-resolved
Lih Kimberly Ridge Associates LLC
Entity
Mailing address
1200 5TH AVE STE #1825, SEATTLE, WA 98101-1127
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2024
$11,100,000
Lih Kimberly Ridge Associates LLC
Lih Kimberly Ridge Associates LLC
Special Warranty Deed
—
Jun 29, 2022
$7,750,000
Lih Kimberly Ridge Associates LLC
Cabarrus Arms Investments LLC
Special Warranty Deed
$4,769,000 · Merchants Bank Of Indiana
Sep 29, 2017
—
Cabarrus Arms Investments LLC
—
Deed
related
$3,150,000 · Greystone Svcg
Sep 29, 2009
$2,000,000
Cabarrus Investors LLC
Cabarrus Arms Associates
Grant Deed
related
$1,600,000 · Greystone Servicing Corp
—
—
Cabarrus Arms Investments LLC
—
Deed Of Trust
related
$3,150,000 · Greystone Svcg
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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