Entity Owned Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,344 SF
Lot
0.43 ac (18,626 SF)
Zoning code
CC
APN
5613 47 9553
UPID
US53-1875131
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.89M
CAP Approach
CAP
$1.52M
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.89M
Owner & transaction history
since 2022
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
CC · Kannapolis, NC
Zoning description
CC 50 NOTES: [1] Applies to ground floor building façade having frontage on a public or private street, a pedestrian way, or an open space set-aside. b. UPPER FLOOR WINDOWS All upper floor windows shall be recessed, with…
General category
INDUSTRIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.89M
Value range
$1.70M – $2.08M
±10% around blend
Estimated value / SF
$202 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
30
$1.70M
blend $1.89M
$2.08M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,344 SF
Lot area
0.43 ac
Year built
1930
Stories
1
APN
5613 47 9553
Zoning
CC
Assessed value
$904,990
Annual tax
$10,276
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.52M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.65M
@ 6.5% CAP return
$1.52M
@ 7% CAP return
$1.41M
4
Sales comparison
Partial preview
Sales approach indication
$11.75M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
20.6 mi away · 7,776 SF
22.1 mi away · 7,850 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.89M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 34 sales
$550
-63%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $202/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
5.20%
Implied, in-place cap rate for this garden apartment buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.20%
9.0%
NOI (est.)
$165k *
Last sale · Oct 2022
$2.36M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.18M
Move the market yield to see immediate price impact.
Value / SF
$341
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.70%5.20%5.70%
$149k
$3.17M
$2.86M
$2.61M
$165k
$3.52M
$3.18M
$2.90M
$182k
$3.87M
$3.50M
$3.19M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$12.20M
8.8 mi · Mar 2026 · $1,409/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$10,276
Tax year 2024
Assessed value
$904,990
Assessed 2024
Previous assessed
$498,900
+81.4% YoY
Effective rate
1.14%
On assessed value
Assessed land
$252,640
Assessed improvement
$652,350
Land market value
$252,640
Improvement market value
$652,350
Total market value
$904,990
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
8
Bathrooms
2
Total area
9,344 SF
Lot
0.43 ac (18,626 SF)
Zoning code
CC
APN
5613 47 9553
UPID
US53-1875131
Jurisdiction
CABARRUS
Zoning & alternative use
CC · Kannapolis, NCZoning CC · permitted uses
CC · Kannapolis, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
CC 50 NOTES: [1] Applies to ground floor building façade having frontage on a public or private street, a pedestrian way, or an open space set-aside. b. UPPER FLOOR WINDOWS All upper floor windows shall be recessed, with…
General category
INDUSTRIAL
Building & site characteristics
From public records
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
8
Bathrooms
2
Lot
0.43 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
CC
INDUSTRIAL
Jurisdiction
Kannapolis, NC
Recorded code
CC
Official district
CC
Official district profile
What the municipal code says about CC
Zoning description
CC 50 NOTES: [1] Applies to ground floor building façade having frontage on a public or private street, a pedestrian way, or an open space set-aside. b. UPPER FLOOR WINDOWS All upper floor windows shall be recessed, with…
General category
INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CC in Kannapolis, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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