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Property profile & analytics
OFF-MARKET
Estimated value
$10,290,000
Assisted living facilities
4968 Milestone Ave, Kannapolis, NC 28081-4503
Entity Owned
1-yr Hold
Property ID
US53-4744101
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2018
Construction
WOOD
Total area
38,529 SF
Lot
7.91 ac (344,429 SF)
Zoning code
AG
APN
5603 13 4901
UPID
US53-4744101
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
-
The Landings of Cabarrus Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.29M
Owner & transaction history
Fp Real Estate Investments LLC · 1 yrs held
Fp Real Estate Investments LLC
since 2024
Last sale
$10.3M
5 recorded transactions
Zoning & alternative use
AG · Kannapolis, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.5M
+367.3%
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
$10,290,000
ML approach
$10,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,455,000
Change: +367% · Conversion: Difficult
Blend value · Realmo final
$10.29M
Range $9.26M – $11.32M · ±10% · vs last sale $10.29M (Jul 9 2024)
Last sale anchor
$10.29M
Jul 9 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
$267 / 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
$92,309
Tax year 2024
Assessed value
$8,129,370
Assessed 2024
Previous assessed
$7,291,250
+11.5% YoY
Effective rate
1.14%
On assessed value
Assessed land
$220,410
Assessed improvement
$7,908,960
Land market value
$220,410
Improvement market value
$7,908,960
Total market value
$8,129,370
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2018
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
38,529 SF
Lot
7.91 ac (344,429 SF)
Zoning code
AG
APN
5603 13 4901
UPID
US53-4744101
Jurisdiction
CABARRUS
Zoning & alternative use
AG · Kannapolis, NC
Zoning AG · permitted uses
AG · Kannapolis, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kannapolis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.5M
APARTMENT HOUSE (5+ UNITS)
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
2018
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
7.91 ac
Current owner
From public records · entity-resolved
Fp Real Estate Investments LLC
Entity
Mailing address
3011 PO BOX 2568TH RD STE #220, HICKORY, NC 28603-2568
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2024
$10,291,500
Fp Real Estate Investments LLC
Caharrusco LLC
Special Warranty Deed
—
Apr 30, 2019
—
Cabarrusco LLC
—
Deed
related
$8,137,094 · Servisfirst Bk
Nov 16, 2017
—
Cabarrusco LLC
—
Grant Deed
related
$16,274,188 · Servisfirst Bk
Oct 5, 2017
—
Cabarrusco LLC
—
Loan Modification
related
$15,000,000 · Dcr Mtg 7 Sub 2 LLC
—
—
Cabarrusco LLC
—
Loan Modification
related
$8,137,094 · Servisfirst Bk
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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