Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    213 Main St Kannapolis, NC 28081-3215
    Back to Search
    Property profile & analytics

    213 Main St, Kannapolis, NC 28081-3215

    View on Map
    • Office Spaces
    • 2,496 SF
    • 0.41 lot acres
    Off-Market
    Last Sale Dec 21, 2023
    $62,000
    Property ID
    US53-1598434
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 213 Main St

    Year built
    1920
    Lot size
    0.41 lot acres
    Zone code
    CC
    Property type
    Office Spaces
    APN
    5613 69 2161
    APU
    5613692161

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 21, 2023 $62,000 City Of Kannapolis Kannapolis Property Owner LLC Special Warranty Deed —
    Oct 3, 2022 $4,321,000 Kannapolis Property Owner LLC Atlantic American Properties INC Special Warranty Deed —

    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
    -80.6253
    Latitude
    35.4952
    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
    $2,456
    $173,800
    $0.00
    $173,800
    -
    $173,800
    $0.00
    $173,800

    Comparable in this City

    • Value Estimation
      $585,000
      3,332 SF

      234 Dl Earnhardt Blvd

      OFFICE (GENERAL)
      234 Dl Earnhardt Blvd, Kannapolis, NC 28081-0302
      View Details
    • Value Estimation
      $630,000
      3,744 SF

      141 Ww Ave

      OFFICE (GENERAL)
      141 Ww Ave, Kannapolis, NC 28081-4362
      View Details
    • Value Estimation by Request
      0.46 Acres

      1315 Mooresville Rd

      OFFICE (GENERAL)
      1315 Mooresville Rd, Kannapolis, NC 28081-9032
      View Details
    • Value Estimation
      $860,000
      4,900 SF

      315 Main St

      OFFICE (GENERAL)
      315 Main St, Kannapolis, NC 28081-3200
      View Details
    • Value Estimation by Request
      0.18 Acres

      1216 Main St

      OFFICE (GENERAL)
      1216 Main St, Kannapolis, NC 28081-5438
      View Details
    • Value Estimation
      $625,000
      4,800 SF

      6253 Mooresville Rd

      OFFICE (GENERAL)
      6253 Mooresville Rd, Kannapolis, NC 28081-8748
      View Details

    Similar Nearby for Sale

    • $1,700,000
      5.68 Acres

      Commercial Land in Kannapolis, NC

      5.68 acres of commercial land for sale.
      5518 Mooresville Rd, Kannapolis, NC 28081
      View Details
    • Contact for pricing

      Land in Growing Cabarrus County

      Land near research campus and downtown Kannapolis, North Carolina.
      5395 Mooresville Rd, Kannapolis, NC 28081
      View Details
    • New
      $1,000,000
      5.23 Acres

      Kannapolis Land For Sale

      Highway-adjacent land near revitalized downtown Kannapolis, North Carolina.
      1599 Bethpage Rd, Kannapolis, NC 28081
      View Details
    • Contact for pricing

      4500 Tiffany Dr, Kannapolis, NC 28081

      Mobile home & RV parks
      4500 Tiffany Dr, Kannapolis, NC 28081
      View Details
    • $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
    • $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

    Similar Nearby for Lease

    • Contact for pricing
      3,640 SF

      Office Building For Lease

      Office building with ample parking, convenient to retail and restaurants.
      234 Dale Earnhardt Blvd, 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
      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
      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
      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
    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.
    213 Main St
    Kannapolis, NC 28081-3215
    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
    213 Main St, Kannapolis, NC, 28081
    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!