Technical
Financial
Distress signals
Property profile

280 Ervin Woods Dr Kannapolis, NC 28081

OFF-MARKET
Auto shops
Property ID
US53-4674166
8,000 SF 4 ac lot Built 1988
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1988
Construction STEEL FRAME
Total area 8,000 SF
Lot 4 ac (174,240 SF)
APN 249B482
UPID US53-4674166

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

280 Ervin Woods Dr Kannapolis, NC 28081-9095
Kannapolis metro Census 51502 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
$440k
Blend (final) Blend
$615k

Owner & transaction history

since 2023
Last sale
$670,000
1 recorded transaction
2023
$670,000

Zoning & alternative use

Top alternative use upside
Office building $980,000 +29.5%
Restaurant $960,000 +27.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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