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Property profile & analytics
OFF-MARKET
Estimated value
$4,900,000
Strip malls
2865 Cannon Blvd Kannapolis, NC 28083-9124
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-5821658
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1993
Total area
146,526 SF
Lot
16.39 ac (713,948 SF)
APN
133 144
UPID
US53-5821658
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
-
Ranger Cash Advance Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.90M
Owner & transaction history
2865 North Cannon LLC · 2 yrs held
2865 North Cannon LLC
since 2024
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
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
Method
Estimation
Statistic approach
$4,780,000
ML approach
$4,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,580,000
Current use
Blend value · Realmo final
$4.90M
Range $4.41M – $5.39M · ±10% · vs last sale $5.19M (Jun 15 2023)
Last sale anchor
$5.19M
Jun 15 2023
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
$33 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$106,427
Tax year 2023
Assessed value
$8,795,606
Assessed 2023
Previous assessed
$8,711,943
+1.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,983,190
Assessed improvement
$6,812,416
Land market value
$1,983,190
Improvement market value
$6,812,416
Total market value
$8,795,606
Applied tax rate
121.0000
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
1993
Heating
PACKAGE
Cooling
YES
Stories
1
Units
1
Total area
146,526 SF
Lot
16.39 ac (713,948 SF)
APN
133 144
UPID
US53-5821658
Jurisdiction
ROWAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1993
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
16.39 ac
Current owner
From public records · entity-resolved
2865 North Cannon LLC
Entity
Mailing address
1500 TECHNOLOGY DR, JACKSON, MI 49201-2700
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2024
—
2865 North Cannon LLC
152 South Iredell LLC
Special Warranty Deed
$55,000,000 · Comerica Bank
Jun 15, 2023
$5,189,500
152 South Iredell LLC
N Cannon Holdings LLC
Special Warranty Deed
—
Aug 2, 2019
$2,000,000
N Cannon Holdings LLC
Bankruptcy For Ei LLC
Quit Claim Deed
related
—
Jan 17, 2007
—
Harmony Labs INC
Joe Cutillo
Special Warranty Deed
—
Jan 17, 2007
$1,650,000
Harmony Labs INC
Butterfield,jeffrey D & Cynthia L
Grant Deed
related
—
Dec 12, 2006
—
Charles Keller
Kannapolis Group LLC
Grant Deed
related
—
Dec 21, 2005
$1,320,000
Kannapolis Group LLC
Wal-mart Realty
Grant Deed
related
$1,188,000 · Peoples Bank & Trust
—
—
Harmony Labs INC
—
Deed Of Trust
related
$2,691,900 · Rbc Bank (usa)
—
—
Ei LLC
—
Deed Of Trust
related
$115,000,000 · Bank Of America
—
—
Ei LLC
—
Deed Of Trust
related
$140,000,000 · Madison Cap Fndg
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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