Property profile

601 Laundry St Kannapolis, NC 28083

OFF-MARKET
Commercial real estate
Property ID
US53-0952082
0.25 ac lot
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.25 ac (10,800 SF)
Zoning code O-I
APN 5613 85 5960
UPID US53-0952082

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

601 Laundry St Kannapolis, NC 28083
Kannapolis metro Census 40800 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.10M

Owner & transaction history

since 2025
Last sale
$3.6M
4 recorded transactions
2025
$3.6M
2024
Price N/A
2017
$642,000
2011
$735,285

Zoning & alternative use

O-I · Kannapolis, NC
Zoning description

xed-Use Urban Corridor District Section 3.4.F MU-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…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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