Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2101 Stephen Ct Kannapolis, NC 28083-4029
    Back to Search
    Property profile & analytics

    2101 Stephen Ct, Kannapolis, NC 28083-4029

    View on Map
    • Garden apartment buildings
    • 9,504 SF
    • 0.46 lot acres
    Off-Market
    Property ID
    US53-2359095
    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
    $985,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 2101 Stephen Ct

    Year built
    1994
    Construction
    WOOD
    Lot size
    0.46 lot acres
    Zone code
    O-I
    Property type
    Garden apartment buildings
    APN
    5624 61 7613
    APU
    5624617613

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 18, 2012 $261,000 Overcash Real Estate LLC Wells Fargo Bk NA Grant Deed —
    Jun 27, 2012 $369,000 Fargo Bk NA Wells Trste INC Trustees Deed · related —
    Dec 29, 2006 $489,500 Citadel Property Group LLC Ground Floor Homes INC Warranty Deed —
    Nov 4, 2004 $485,000 Ground Floor Homes INC Kiser,calvin R & Valerie H Warranty Deed $412k · Wachovia Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kannapolis
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.5903
    Latitude
    35.5026
    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
    $10,331
    $65,000
    $844,800
    $909,800
    -
    $65,000
    $844,800
    $909,800

    Comparable in this City

    • Value Estimation
      $7,870,000
      68,257 SF

      1430 El Paso St

      GARDEN APT, COURT APT (5+ UNITS)
      1430 El Paso St, Kannapolis, NC 28083-1100
      View Details
    • Value Estimation by Request
      18.11 Acres

      Ln St

      GARDEN APT, COURT APT (5+ UNITS)
      Ln St, Kannapolis, NC 28083
      View Details
    • Value Estimation
      $1,265,000
      8,410 SF

      1302 Mdw Ave

      GARDEN APT, COURT APT (5+ UNITS)
      1302 Mdw Ave, Kannapolis, NC 28083-5135
      View Details
    • Value Estimation
      $1,705,000
      9,349 SF

      2137 University Dr

      GARDEN APT, COURT APT (5+ UNITS)
      2137 University Dr, Kannapolis, NC 28083-7261
      View Details
    • Value Estimation
      $7,160,000
      72,436 SF

      300 Sandy Ct

      GARDEN APT, COURT APT (5+ UNITS)
      300 Sandy Ct, Kannapolis, NC 28083-8036
      View Details
    • Value Estimation by Request
      17.39 Acres

      2802 Ln St

      GARDEN APT, COURT APT (5+ UNITS)
      2802 Ln St, Kannapolis, NC 28083-9223
      View Details

    Similar Nearby for Sale

    • $1,375,000
      1.50 Acres

      Kannapolis Multifamily Investment Opportunity

      Portfolio of 8 units with guaranteed rents in Kannapolis.
      220 Basin Ave, Kannapolis, NC 28083
      View Details
    • $375,000
      950 SF

      Income-Producing Duplex in Growing Kannapolis

      Well-maintained duplex near downtown Kannapolis, offering income potential.
      1106 Lane St, Kannapolis, NC 28083
      View Details
    • $235,000
      0.14 Acres

      Updated Duplex in Revitalized Kannapolis

      Turn-key duplex in booming Kannapolis, ideal for investors.
      659 Wilson St, Kannapolis, NC 28083
      View Details
    • Contact for pricing
      1,920 SF

      Drive-Thru Retail Opportunity

      Retail property with drive-thru, value-add potential in high-growth area.
      1110 S Cannon Blvd, Kannapolis, NC 28083
      View Details
    • Contact for pricing

      Kannapolis Commercial Facility For Sale

      Tenant-occupied commercial facility with investment or owner-user potential.
      203 E 29Th St, Kannapolis, NC 28083
      View Details
    • Contact for pricing
      2,835 SF

      Kannapolis Office Building For Sale

      2,835 SF office building near downtown Kannapolis.
      1910 Dale Earnhardt Blvd, Kannapolis, NC 28083
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      College Station Shopping Center Opportunity

      Space available in thriving Kannapolis shopping center with high traffic.
      475 N Cannon Blvd, Kannapolis, NC 28083
      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 28083
      View Details
    • $5,600 /Mo
      44,867 SF

      Kannapolis Commercial Property For Rent

      Renovated commercial property suitable for child care facility.
      2580 Echerd St, Kannapolis, NC 28083
      View Details
    • Contact for pricing

      Industrial Outdoor Storage Space Available

      Prime industrial outdoor storage space with easy I-85 access.
      230 Lockhart Rd, Kannapolis, NC 28083
      View Details
    • Contact for pricing

      Retail Space in Kannapolis, NC

      Retail space available for lease in Kannapolis, North Carolina.
      2115 N Cannon Blvd, Kannapolis, NC 28083
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2101 Stephen Ct
    Kannapolis, NC 28083-4029
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2101 Stephen Ct, Kannapolis, NC, 28083
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!