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Property profile & analytics
OFF-MARKET
Estimated value
$2,215,000
Strip malls
2602 Dl Earnhardt Blvd Kannapolis, NC 28083-1401
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1045517
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Construction
STEEL FRAME
Total area
11,702 SF
Lot
1.75 ac (76,230 SF)
Zoning code
GC
APN
5623 30 8845
UPID
US53-1045517
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.86M
CAP Approach
CAP
$2.65M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.22M
Owner & transaction history
Chung Enterprises II LLC · 4 yrs held
Chung Enterprises II LLC
since 2022
Last sale
$2.4M
3 recorded transactions
Zoning & alternative use
GC · Kannapolis, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.0M
+368.8%
Office building
$1.5M
+260.8%
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
$1,880,000
ML approach
$1,855,000
CAP Approach
CAP Return
Estimation
6%
$2,870,000
6.5%
$2,650,000
7%
$2,460,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,960,000
Change: +369% · Conversion: Difficult
OFFICE BUILDING
$1,510,000
Change: +261% · Conversion: Moderate
Blend value · Realmo final
$2.22M
Range $1.99M – $2.44M · ±10% · vs last sale $2.35M (Jan 21 2022)
Last sale anchor
$2.35M
Jan 21 2022
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
$189 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$25,197
Tax year 2024
Assessed value
$2,219,010
Assessed 2024
Previous assessed
$1,603,000
+38.4% YoY
Effective rate
1.14%
On assessed value
Assessed land
$954,800
Assessed improvement
$1,264,210
Land market value
$954,800
Improvement market value
$1,264,210
Total market value
$2,219,010
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
8
Total area
11,702 SF
Lot
1.75 ac (76,230 SF)
Zoning code
GC
APN
5623 30 8845
UPID
US53-1045517
Jurisdiction
CABARRUS
Zoning & alternative use
GC · Kannapolis, NC
Zoning GC · permitted uses
GC · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
8
Lot
1.75 ac
Current owner
From public records · entity-resolved
Chung Enterprises II LLC
Entity
Mailing address
381 SYCAMORE RDG RD NE, CONCORD, NC 28025-7806
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2022
$2,350,000
Chung Enterprises II LLC
Tri Star Cabrarrus LLC
Warranty Deed
$200,000 · Tri Star Cabarrus LLC
Jul 30, 2007
—
Tri-star Cabarrus LLC
—
Trustees Deed
related
$875,760 · Bank Of America
Jun 6, 2007
—
Tri-star Cabarrus LLC
Gulledge,loy B & Joelle F
Warranty Deed
—
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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