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Property profile & analytics
OFF-MARKET
Garden apartment buildings
2000 Ginnie Spgs Dr Kannapolis, NC 28081
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-2426919
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2010
Construction
WOOD
Total area
40,519 SF
Lot
20.12 ac (876,427 SF)
Zoning code
PD-TND
APN
5602 49 8922
UPID
US53-2426919
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
West Shore Vive LLC · 3 yrs held
West Shore Vive LLC
since 2022
Last sale
$91.3M
4 recorded transactions
Zoning & alternative use
PD-TND · 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
$1,020,829
Tax year 2024
Assessed value
$89,901,300
Assessed 2024
Previous assessed
$44,265,000
+103.1% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,524,090
Assessed improvement
$88,377,210
Land market value
$1,524,090
Improvement market value
$88,377,210
Total market value
$89,901,300
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
2010
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
19
Stories
1
Units
26
Bathrooms
6
Total area
40,519 SF
Lot
20.12 ac (876,427 SF)
Zoning code
PD-TND
APN
5602 49 8922
UPID
US53-2426919
Jurisdiction
CABARRUS
Zoning & alternative use
PD-TND · Kannapolis, NC
Zoning PD-TND · permitted uses
PD-TND · 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
2010
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
19
Units
26
Bathrooms
6
Lot
20.12 ac
Current owner
From public records · entity-resolved
West Shore Vive LLC
Entity
Mailing address
1 INTERNATIONAL PL STE #3900, BOSTON, MA 02110-4203
Ownership since
2022
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
Aug 1, 2022
$91,250,000
West Shore Vive LLC
Integra Poe LP
Special Warranty Deed
$74,300,000 · Cre Lender Sub V LLC
Aug 29, 2018
$96,130
Integra Poe LP
Integra Springs Prop Owner LLC
Grant Deed
related
—
Feb 27, 2017
$38,160,000
Integra Springs Property Owner LLC
Integra Springs LLC
Special Warranty Deed
—
—
—
Integra Springs LLC
—
Deed Of Trust
related
$29,600,000 · Amerisphere Mtg Fin
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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