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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office Spaces
601 Mt Olivet Rd Kannapolis, NC 28025-2841
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-1303789
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1965
Construction
WOOD
Total area
3,296 SF
Lot
72.59 ac (3,162,020 SF)
Zoning code
O-I
APN
5622 03 2018
UPID
US53-1303789
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
$730k
Comparable Approach
Comparable
$587k
Blend (final)
Blend
$540k
Owner & transaction history
Plc Nc Cemetery Holdings LLC · 1 yrs held
Plc Nc Cemetery Holdings LLC
since 2024
3 recorded transactions
Zoning & alternative use
O-I · Kannapolis, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$730,000
+71.8%
Auto repair, garage
$475,000
+11.8%
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
$405,000
CAP Approach
CAP Return
Estimation
6%
$790,000
6.5%
$730,000
7%
$675,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$425,000
Current use
MEDICAL BUILDING
$730,000
Change: +72% · Conversion: Easy
AUTO REPAIR, GARAGE
$475,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$164 / 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
$20,431
Tax year 2024
Assessed value
$1,690,230
Assessed 2024
Previous assessed
$1,491,330
+13.3% YoY
Effective rate
1.21%
On assessed value
Assessed land
$598,120
Assessed improvement
$1,092,110
Land market value
$598,120
Improvement market value
$1,092,110
Total market value
$1,690,230
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
1
Bathrooms
1
Total area
3,296 SF
Lot
72.59 ac (3,162,020 SF)
Zoning code
O-I
APN
5622 03 2018
UPID
US53-1303789
Jurisdiction
CABARRUS
Zoning & alternative use
O-I · Kannapolis, NC
Zoning O-I · permitted uses
O-I · 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
COMMERCIAL (GENERAL) Current
Est. value
$425,000
MEDICAL BUILDING
Est. value
$730,000
AUTO REPAIR, GARAGE
Est. value
$475,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1965
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
6
Bathrooms
1
Lot
72.59 ac
Current owner
From public records · entity-resolved
Plc Nc Cemetery Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
16801 GREENSPOINT PARK DR STE #376, HOUSTON, TX 77060-2310
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2024
—
Plc Nc Cemetery Holdings LLC
Carolina Cemetery Park Corporation
Warranty Deed
—
Nov 6, 2009
—
Trinity United Methodist Ch Of Ka
Zinn,jane H
Warranty Deed
—
Oct 7, 2008
—
T David Lisenby
Haney,earline P
Warranty Deed
related
—
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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