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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
2720 C St Kannapolis, NC 28081-9359
Entity Owned
10-yr Hold
Free & Clear
Property ID
US53-3052220
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1972
Total area
2,400 SF
Lot
0.52 ac (22,651 SF)
Zoning code
CBI
APN
249B183
UPID
US53-3052220
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
-
Exxon Gas Station
-
7-Eleven Grocery & Convenience Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Conaghan Realty LLC · 10 yrs held
Conaghan Realty LLC
since 2016
6 recorded transactions
Zoning & alternative use
CBI · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,414
Tax year 2023
Assessed value
$365,778
Assessed 2023
Previous assessed
$280,840
+30.2% YoY
Effective rate
0.66%
On assessed value
Assessed land
$126,750
Assessed improvement
$239,028
Land market value
$126,750
Improvement market value
$239,028
Total market value
$365,778
Applied tax rate
111.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1972
Heating
YES
Stories
1
Units
1
Total area
2,400 SF
Lot
0.52 ac (22,651 SF)
Zoning code
CBI
APN
249B183
UPID
US53-3052220
Jurisdiction
ROWAN
Zoning & alternative use
CBI · Kannapolis, NC
Zoning CBI · permitted uses
CBI · 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
1972
Heating
YES
Stories
1
Units
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Conaghan Realty LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 711, DALLAS, TX 75221-0711
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2016
$1,690,000
Conaghan Realty LLC
Sams Investments III LLC
Grant Deed
—
Nov 10, 2015
—
Sams Investments III LLC
Sams Mart LLC
Quit Claim Deed
related
—
Feb 1, 2012
—
Sams Mart LLC
Bwn Investments LLC
Grant Deed
—
Jan 30, 2012
—
Sams Mart LLC
Bwn Investments INC
Grant Deed
related
—
Mar 2, 2005
$400,000
Bwn Investments INC
Hickory Woods INC
Warranty Deed
—
—
—
Sams Mart LLC
—
Deed Of Trust
related
$69,693,000 · Wells Fargo Bank
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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