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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Self service car washes
2811 Cannon Blvd Kannapolis, NC 28083
Individually Owned
19-yr Hold
Free & Clear
Property ID
US53-2564399
Property profile
Verified
Property type
Self service car washes
Use group
CAR WASH - SELF-SERVE
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,592 SF
Lot
0.36 ac (15,600 SF)
Zoning code
GC
APN
5622 14 2707
UPID
US53-2564399
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
-
Best Built Barns of Kannapolis Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.14M
Owner & transaction history
Bobby D Whitley · 19 yrs held
Bobby D Whitley
since 2007
Last sale
$1.1M
2 recorded transactions
Zoning & alternative use
GC · Kannapolis, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
-AC Mixed-Use Activity Center District Section 3.4.E TOD Transit-Oriented Development District Section 3.4.H CC Center City District Section 3.4.I NONRESIDENTIAL DISTRICTS O-I Office-Institutional District Section 3.5.C GC General Commercial District Section 3.5.D LI Light Industrial District Section 3.5.E HI Heavy Industrial District Section 3.5.F LEGACY DI…
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
1,416.38 ac
Source
Article 3 Zoning Districts
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
$1,140,000
ML approach
$1,140,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±10% · vs last sale $1.14M (Oct 31 2024)
Last sale anchor
$1.14M
Oct 31 2024
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
$440 / 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
$4,751
Tax year 2024
Assessed value
$418,430
Assessed 2024
Previous assessed
$312,570
+33.9% YoY
Effective rate
1.14%
On assessed value
Assessed land
$327,600
Assessed improvement
$90,830
Land market value
$327,600
Improvement market value
$90,830
Total market value
$418,430
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
Self service car washes
Use group
CAR WASH - SELF-SERVE
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Total area
2,592 SF
Lot
0.36 ac (15,600 SF)
Zoning code
GC
APN
5622 14 2707
UPID
US53-2564399
Jurisdiction
CABARRUS
Zoning & alternative use
GC · Kannapolis, NCZoning GC · permitted uses
GC · Kannapolis, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
-AC Mixed-Use Activity Center District Section 3.4.E TOD Transit-Oriented Development District Section 3.4.H CC Center City District Section 3.4.I NONRESIDENTIAL DISTRICTS O-I Office-Institutional District Section 3.5.C GC General Commercial District Section 3.5.D LI Light Industrial District Section 3.5.E HI Heavy Industrial District Section 3.5.F LEGACY DISTRICTS CD Campus Development Appendix B CD-R Campus Development Residential C-1 L
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
1,416.38 ac
Source
Article 3 Zoning Districts
Building & site characteristics
From public records
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Bobby D Whitley
Individual
Free & Clear · 19 yrs held
Mailing address
1105 S WINDSOR DR, KANNAPOLIS, NC 28081-9438
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2007
$103,000
Bobby D Whitley
Whitley,donald H & Helen W
Warranty Deed
related
—
—
—
Bobby D Whitley
—
Deed Of Trust
related
$405,396 · Helen W Whitley
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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