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    201 Dale Earnhardt Blvd Kannapolis, NC 28081
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    Property profile & analytics

    201 Dale Earnhardt Blvd Kannapolis, NC 28081

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    • Medical Office Space
    • 64,554 SF
    • 2.67 lot acres
    For Lease
    $35 SF/Yr
    View Listing →
    Shell Condition Office Space For Lease
    $35 SF/Yr
    4,500 SF

    Shell Condition Office Space

    Office space in shell condition requiring tenant build out.

    201 Dale Earnhardt Blvd, Kannapolis, NC
    View Listing
    Property ID
    US53-4695544
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $11,485,000
    Cap Rate Potential
    9.5%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • Shellian Simone Davis / Physician
    • Darrius Sherade Marable, RD / Physician
    • Cristiana Gresham Bray, NP / Pediatrician / Medical Clinic
    • Andrea Costanzo, FNP / Physician
    • Mary Garrison / Pediatrician / Medical Clinic

    Property Details for 201 Dale Earnhardt Blvd

    Year built
    2012
    Construction
    STEEL FRAME
    Lot size
    2.67 lot acres
    Property size
    64,554 SF
    Zone code
    CC
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    5614 50 1404
    APU
    5614501404

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,515,000
      ML approach
      $8,435,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $14,985,000
      6.5%
      $13,830,000
      7%
      $12,845,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,356,000
      Market price range: $6.76M - $22.5M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $14,270,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kannapolis
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.6292
    Latitude
    35.4988
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $134,601
    $1,656,730
    $10,197,210
    $11,853,940
    -
    $1,656,730
    $10,197,210
    $11,853,940

    Comparable in this City

    • Value Estimation by Request
      0.61 Acres

      220 Dl Earnhardt Blvd

      MEDICAL BUILDING • 0.61 Acres
      220 Dl Earnhardt Blvd, Kannapolis, NC 28081-0302
      View Details
    • Value Estimation
      $3,885,000
      26,242 SF

      4967 Professional Park Dr

      MEDICAL BUILDING • 26,242 SF
      4967 Professional Park Dr, Kannapolis, NC 28081-8636
      View Details
    • Value Estimation
      $555,000
      5,434 SF

      1408 Main St

      MEDICAL BUILDING • 5,434 SF
      1408 Main St, Kannapolis, NC 28081-5904
      View Details
    • Value Estimation
      $1,265,000
      11,589 SF

      1607 Main St

      MEDICAL BUILDING • 11,589 SF
      1607 Main St, Kannapolis, NC 28081-2317
      View Details
    • Value Estimation
      $10,290,000
      38,529 SF

      4968 Milestone Ave

      HOMES (RETIRED, NURSING) • 38,529 SF
      4968 Milestone Ave, Kannapolis, NC 28081-4503
      View Details
    • Value Estimation
      $520,000
      14,914 SF

      1310 Glenn Ave

      HOMES (RETIRED, NURSING) • 14,914 SF
      1310 Glenn Ave, Kannapolis, NC 28081-9601
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      4500 Tiffany Dr, Kannapolis, NC 28081

      Mobile home & RV parks
      4500 Tiffany Dr, Kannapolis, NC 28081
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    • $1,750,000

      Commercial Land on Mooresville Road

      Commercial land available at Mooresville Road and Kannapolis Parkway.
      5518 Mooresville Rd, Kannapolis, NC 28081
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    • $99,900

      Undeveloped Land Parcel For Sale

      1.8-acre parcel of undeveloped land, build your dream home.
      6223 Twining Vine Ct, Kannapolis, NC 28081
      View Details
    • $90,000
      1.12 Acres

      Acre Lot Near Downtown Kannapolis

      Over an acre lot minutes from downtown Kannapolis.
      1620 Longbow Dr, Kannapolis, NC 28081
      View Details
    • $99,900
      0.85 Acres

      Residential Land in Growing Kannapolis

      Buildable lot near downtown Kannapolis with city water and sewer.
      621 Pleasant Ave, Kannapolis, NC 28081
      View Details
    • $499,900
      14.18 Acres

      Kannapolis Land For Sale

      14 acre lot near downtown Kannapolis with development potential.
      4648 Nob Hill Dr, Kannapolis, NC 28081
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,973 SF

      Professional Office Space Available

      Two-story medical and professional office building for lease.
      4949 Professional Park Dr, Kannapolis, NC 28081
      View Details
    • Contact for pricing
      4,050 SF

      Kannapolis Parkway Commercial Building

      4,050 SF commercial building with office and warehouse space.
      3585 Kannapolis Pkwy, Kannapolis, NC 28081
      View Details
    • Contact for pricing
      5,173 SF

      Shell Condition Office Space

      Office space in shell condition requiring tenant build out.
      201 Dale Earnhardt Blvd, Kannapolis, NC 28081
      View Details
    • Contact for pricing
      1,008 SF

      Kannapolis Office Space Available

      Office space for lease in Kannapolis, North Carolina.
      800-814 N Main St, Kannapolis, NC 28081
      View Details
    • Contact for pricing

      Retail Space in Kannapolis Village

      Retail space available in Harris Teeter-anchored Kannapolis retail village.
      510 N Main St, Kannapolis, NC 28081
      View Details
    • Contact for pricing
      6,600 SF

      Retail Space in Kannapolis, NC

      Retail and outparcel opportunities available in Kannapolis, North Carolina.
      4140 County Down Ave, Kannapolis, NC 28081
      View Details
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    Kannapolis, NC 28081
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    201 Dale Earnhardt Blvd, Kannapolis, NC, 28081
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