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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Medical Office Space
201 Security St Kannapolis, NC 28083-2757
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-2039899
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1948
Total area
5,145 SF
Lot
0.76 ac (33,106 SF)
Zoning code
C2:HIGHWAY COMMERCIAL
APN
150 124
UPID
US53-2039899
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
-
Dr. Michael A. Morton Jr, DDS Dental Office
-
Dr. Eugene B. Morgan Jr, DDS Dental Office
-
CenterWell Home Health - Kannapolis Home Health Care Service
-
Toby Dumpster Rental of Kannapolis General Contractor Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
$1.20M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.29M
Owner & transaction history
Jenrette Real Estate LLC · 1 yrs held
Jenrette Real Estate LLC
since 2025
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
C2:HIGHWAY COMMERCIAL · 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
$1,250,000
ML approach
$1,280,000
CAP Approach
CAP Return
Estimation
6%
$1,295,000
6.5%
$1,195,000
7%
$1,110,000
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±10% · vs last sale $1.35M (Mar 6 2025)
Last sale anchor
$1.35M
Mar 6 2025
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
$250 / 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
$6,950
Tax year 2023
Assessed value
$574,385
Assessed 2023
Previous assessed
$516,826
+11.1% YoY
Effective rate
1.21%
On assessed value
Assessed land
$182,083
Assessed improvement
$392,302
Land market value
$182,083
Improvement market value
$392,302
Total market value
$574,385
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1948
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
5,145 SF
Lot
0.76 ac (33,106 SF)
Zoning code
C2:HIGHWAY COMMERCIAL
APN
150 124
UPID
US53-2039899
Jurisdiction
ROWAN
Zoning & alternative use
C2:HIGHWAY COMMERCIAL · Kannapolis, NC
Zoning C2:HIGHWAY COMMERCIAL · permitted uses
C2:HIGHWAY COMMERCIAL · 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
1948
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Jenrette Real Estate LLC
Entity
Mailing address
1401 E 7TH ST S STE #200, CHARLOTTE, NC 28204-6301
Ownership since
2025
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 6, 2025
$1,345,000
Jenrette Real Estate LLC
Security Street Partners LLC
Warranty Deed
$620,000 · Security Street Partners LLC
Nov 22, 2022
—
Security Street Partners LLC
—
Deed
related
$600,000 · Farmers & Merchants Bank
Oct 13, 2015
$410,000
Security Street Partners LLC
Eb & Lucretia Morgan LLC
Warranty Deed
$750,000 · Bank Of Nc
—
—
E B & Lucretia Morgan LLC
—
Loan Modification
related
—
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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