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Property profile & analytics
OFF-MARKET
Office buildings
620 Main St, Kannapolis, NC 28081-2169
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-4736497
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1930
Total area
1,681 SF
Lot
0.26 ac (11,413 SF)
Zoning code
OI
APN
149 215
UPID
US53-4736497
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
-
McMillan Steedley Agency Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Angelo Markantonakis · 4 yrs held
Angelo Markantonakis
since 2021
Last sale
$240,000
6 recorded transactions
Zoning & alternative use
OI · Kannapolis, NC
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,885
Tax year 2024
Assessed value
$238,422
Assessed 2024
Previous assessed
$238,422
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$54,875
Assessed improvement
$183,547
Land market value
$54,875
Improvement market value
$183,547
Total market value
$238,422
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
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1930
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
1,681 SF
Lot
0.26 ac (11,413 SF)
Zoning code
OI
APN
149 215
UPID
US53-4736497
Jurisdiction
ROWAN
Zoning & alternative use
OI · Kannapolis, NC
Zoning OI · permitted uses
OI · 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.
Building & site characteristics
From public records
Year built
1930
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Angelo Markantonakis
Individual
Mailing address
620 N MAIN ST, KANNAPOLIS, NC 28081-2169
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2021
$240,000
Angelo Markantonakis
Brendan L Murphy
Warranty Deed
$228,000 · Quicken Loans LLC
Sep 16, 2020
$217,000
Brendan L Murphy
K Town Homes LLC
Warranty Deed
$213,069 · Caliber Home Loans INC
May 23, 2019
$62,500
K-town Homes LLC
Boles,patti R
Warranty Deed
—
Dec 6, 2018
$175,000
K Town Homes LLC
Mcmillan Steedley & Associates LLC
Warranty Deed
$140,000 · First Bank
Apr 4, 2008
$169,000
Mcmillan,steedley Associates L
Lee,linda T
Grant Deed
$190,000 · Western Fsb
—
—
Linda T Lee
—
Deed Of Trust
related
$21,000 · Cabarrus Bank & Trust Co
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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