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Property profile & analytics
FOR SALE
Turn key restaurants
316 Brookdale St Kannapolis, NC 28083
Individually Owned
Absentee Owner
Free & Clear
Property ID
US53-1945146
For Sale
Contact for pricing
316 Brookdale St, Kannapolis, NC 28083
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Property summary
AI-generated overview
This exceptional 9,000-square-foot freestanding restaurant building is situated on a 1.6-acre lot in Kannapolis, North Carolina, at 316 Brookdale Street, zip code 28083. Currently tenant-occupied, the property boasts a recently completed, high-quality upfit designed for a Mexican seafood concept. The tenant operates a two-unit restaurant chain and has a five-year lease in place, commencing early 2024, with escalating rent and option periods. The property benefits from a high-traffic location, experiencing 17,000 vehicles per day on Brookdale Street. This presents a compelling investment opportunity with potential for seller financing to qualified buyers, contingent upon a sufficient down payment. The property's APN is 150180. This is a single-building, single-unit retail property. Please do not disturb the tenants.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1978
Total area
9,024 SF
Lot
1.6 ac (69,740 SF)
Zoning code
C2:HIGHWAY COMMERCIAL
APN
150 180
UPID
US53-1945146
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
-
Mariscos El Chef De Nayarit Restaurant
-
Kannapolis Family Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$605k
Blend (final)
Blend
$575k
Owner & transaction history
MARGARET GEORGIOU
MARGARET GEORGIOU
Zoning & alternative use
C2:HIGHWAY COMMERCIAL · Kannapolis, NC
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$575k
Range $518k – $633k · ±10%
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
$64 / 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
$12,140
Tax year 2023
Assessed value
$1,003,314
Assessed 2023
Previous assessed
$686,813
+46.1% YoY
Effective rate
1.21%
On assessed value
Assessed land
$401,063
Assessed improvement
$602,251
Land market value
$401,063
Improvement market value
$602,251
Total market value
$1,003,314
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1978
Heating
FORCED AIR
Stories
2
Units
1
Total area
9,024 SF
Lot
1.6 ac (69,740 SF)
Zoning code
C2:HIGHWAY COMMERCIAL
APN
150 180
UPID
US53-1945146
Jurisdiction
ROWAN
Zoning & alternative use
C2:HIGHWAY COMMERCIAL · Kannapolis, NCZoning C2:HIGHWAY COMMERCIAL · permitted uses
C2:HIGHWAY COMMERCIAL · Kannapolis, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Article 3 Zoning Districts
Building & site characteristics
From public records
Year built
1978
Heating
FORCED AIR
Stories
2
Units
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
MARGARET GEORGIOU
Individual
Free & Clear · 0 yrs held
Mailing address
902 NANCE ST, KANNAPOLIS, NC 28083-3851
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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