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    Property profile & analytics

    2808 Ln St Kannapolis, NC 28083-9223

    • Hotels
    • 23,474 SF
    • 1.51 lot acres
    OFF-MARKET
    Value Estimation
    $2,985,000
    Last Sale
    Dec 05, 2024
    $3,000,000
    Location Intelligence
    Property ID
    US53-4792677
    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.

    Current Use by Public Records

    • Stay Inn Kannapolis, NC - Concord / Hotel / Motel

    Property Details for 2808 Ln St

    Year built
    1997
    Construction
    WOOD
    Lot size
    1.51 lot acres
    Property size
    23,474 SF
    Zone code
    GC
    Property type
    Hotels
    Property subtype
    Motels
    APN
    5633 49 9500
    APU
    5633499500

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,000,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,340,000
      6.5%
      $3,175,000
      7%
      $3,215,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,210,000
      Geo Method
      $2,800,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,175,000
      Retail
      $2,570,000
      Mixed-Use
      $3,265,000
      Hospitality
      $2,625,000
      Educational
      $3,300,000
      Residential Income
      $2,780,000
      Energy
      $2,670,000
      Income-Based Land
      $2,660,000
      Food Service
      $2,705,000

    Location Insight

    • Map
    • Local Demand
    City
    Kannapolis
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.5627
    Latitude
    35.497
    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
    $27,381
    $820,500
    $1,590,870
    $2,411,370
    -
    $820,500
    $1,590,870
    $2,411,370

    Comparable in this City

    • Value Estimation
      $3,155,000
      34,231 SF

      3100 Cloverleaf Pkwy

      HOTEL/MOTEL • 34,231 SF
      3100 Cloverleaf Pkwy, Kannapolis, NC 28083-6978
      View Details
    • Value Estimation by Request
      45,270 SF

      3033 Cloverleaf Pkwy

      HOTEL/MOTEL • 45,270 SF
      3033 Cloverleaf Pkwy, Kannapolis, NC 28083-6900
      View Details
    • Value Estimation by Request
      37,426 SF

      3200 Cloverleaf Pkwy

      HOTEL/MOTEL • 37,426 SF
      3200 Cloverleaf Pkwy, Kannapolis, NC 28083-6993
      View Details
    • Value Estimation
      $1,035,000
      16,492 SF

      2201 Elder Ln

      HOTEL/MOTEL • 16,492 SF
      2201 Elder Ln, Kannapolis, NC 28083-6686
      View Details
    • Value Estimation by Request
      50,749 SF

      2491 Wonder Dr

      HOTEL-RESORT • 50,749 SF
      2491 Wonder Dr, Kannapolis, NC 28083-6427
      View Details
    • Value Estimation by Request
      0.53 Acres

      2191 Roxie St

      Land • 0.53 Acres
      2191 Roxie St, Kannapolis, NC 28083
      View Details

    Similar Nearby for Sale

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      Kannapolis Commercial Land Parcel

      High-traffic Kannapolis land, ideal for development.
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      0.53 Acres

      Kannapolis Commercial Land - 0.53 Acres

      Prime Kannapolis commercial lot, ideal for retail or restaurant.
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      Prime Kannapolis Office, Ample Parking, Versatile.
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      26.5 Acres of Land

      26.5+- acre lot suitable for residential or agricultural use.
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      Kannapolis Multifamily/Short-Term Rental Opportunity

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    Similar Nearby for Lease

    • $13 SF/Yr
      66,317 SF

      College Station Shopping Center

      Kannapolis Retail/Office Space
      475 Cannon Blvd, Kannapolis, NC 28083
      View Details
    • $950 /Mo

      Updated One-Bedroom Duplex For Rent

      One-bedroom, one-bath duplex with updated features available for rent.
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      View Details
    • Contact for pricing
      3,150 SF

      Kannapolis Retail Space - 3150 SF

      Prime Kannapolis retail space available.
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      View Details
    • Contact for pricing
      2,056 SF

      Retail Space Near I-85

      2,056 SF retail space with high-traffic location near I-85.
      2482-2498 Wonder Dr NE, Kannapolis, NC 28083
      View Details
    • Contact for pricing

      Corner Lot in Kannapolis, NC

      Located on a hard corner with high visibility and access.
      Kannapolis, NC 28083
      View Details
    • Contact for pricing
      2,453 SF

      Cannon Blvd. Industrial Space Available

      Secure Industrial Space, Multiple Uses
      2881 Cannon Blvd, Kannapolis, NC 28083
      View Details

    Property Visit Statistics

    • Visits by month
      622
    • Visitors by month
      456
    • Avg Time on site
      492 min
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    Kannapolis, NC 28083-9223
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    Realmo Value Estimation

    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.

    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.

    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
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