Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    724 Chipola St Kannapolis, NC 28083-6373

    • Life science properties
    • 40,052 SF
    • 2.27 lot acres
    OFF-MARKET
    Value Estimation
    $4,060,000
    Last Sale
    Oct 03, 2024
    $4,000,000
    Location Intelligence
    Property ID
    US53-5258473
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Life science properties

    Property Details for 724 Chipola St

    Year built
    2008
    Construction
    STEEL FRAME
    Lot size
    2.27 lot acres
    Property size
    40,052 SF
    Zone code
    GC
    Property type
    Life science properties
    APN
    5623 08 7529
    APU
    5623087529

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,000,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,385,000
      6.5%
      $4,380,000
      7%
      $3,740,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,540,000
      Geo Method
      $4,135,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,025,000
      Retail
      $4,515,000
      Mixed-Use
      $4,085,000
      Hospitality
      $3,960,000
      Educational
      $4,065,000
      Residential Income
      $4,070,000
      Energy
      $4,615,000
      Income-Based Land
      $3,535,000
      Food Service
      $4,075,000

    Location Insight

    • Map
    • Local Demand
    City
    Kannapolis
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.6102
    Latitude
    35.494
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $69,798
    $964,810
    $5,182,060
    $6,146,870
    -
    $964,810
    $5,182,060
    $6,146,870

    Comparable in this City

    • Value Estimation by Request
      4,774 SF

      6135 Ashland Rd

      WAREHOUSE, STORAGE • 4,774 SF
      6135 Ashland Rd, Kannapolis, NC 28083-8663
      View Details
    • Value Estimation by Request
      2,304 SF

      520 Kiser Ave

      WAREHOUSE, STORAGE • 2,304 SF
      520 Kiser Ave, Kannapolis, NC 28083-3943
      View Details
    • Value Estimation by Request
      1,200 SF

      Lk Fisher Rd

      WAREHOUSE, STORAGE • 1,200 SF
      Lk Fisher Rd, Kannapolis, NC 28083
      View Details
    • Value Estimation by Request
      1,760 SF

      403 28th St

      WAREHOUSE, STORAGE • 1,760 SF
      403 28th St, Kannapolis, NC 28083-9738
      View Details
    • Value Estimation
      $880,000
      10.64 Acres

      1505 Old Earnhardt Rd

      INDUSTRIAL (GENERAL) • 10.64 Acres
      1505 Old Earnhardt Rd, Kannapolis, NC 28083
      View Details
    • Value Estimation by Request
      12,844 SF

      810 Oregon Ave

      MINI-WAREHOUSE, STORAGE • 12,844 SF
      810 Oregon Ave, Kannapolis, NC 28083-7423
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      755,928 SF

      Class A Logistics Facility

      755,928 SF logistics facility 100% leased in Kannapolis, NC.
      5700 Royce St, Kannapolis, NC 28083
      View Details
    • $7,900,000

      New Kannapolis Commercial Facility For Sale

      Modern office and warehouse facility with expansion potential on 22.44 acres.
      2990 Brantley Rd, Kannapolis, NC 28083
      View Details
    • Contact for pricing
      0.80 Acres

      Kannapolis Commercial Land - 0.8 Acres

      Prime Kannapolis location, ready for development.
      511 Cannon Blvd, Kannapolis, NC 28083
      View Details
    • $450,000
      0.48 Acres

      Kannapolis Commercial Property - $450K

      Prime C-2 zoned lot, 1665 sq ft, high traffic area.
      2306 Cannon Blvd, Kannapolis, NC 28083
      View Details
    • $695,000
      0.67 Acres

      Kannapolis Office Building - Hwy 29

      High-traffic location, excellent lease potential.
      500 Cannon Blvd, Kannapolis, NC 28083
      View Details
    • $350,000

      Land For Sale Kannapolis

      Land available for sale in Kannapolis, North Carolina.
      2304 S Cannon Blvd, Kannapolis, NC 28083
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,453 SF

      Cannon Blvd. Industrial Space Available

      Secure Industrial Space, Multiple Uses
      2881 Cannon Blvd, Kannapolis, NC 28083
      View Details
    • $13 SF/Yr
      66,317 SF

      College Station Shopping Center

      Kannapolis Retail/Office Space
      475 Cannon Blvd, Kannapolis, NC 28083
      View Details
    • $950 /Mo

      Updated One-Bedroom Duplex For Rent

      One-bedroom, one-bath duplex with updated features available for rent.
      301 Plymouth St, Kannapolis, NC 28083
      View Details
    • Contact for pricing

      Industrial Outdoor Storage Space Available

      Prime industrial outdoor storage space with easy I-85 access.
      230 Lockhart Rd, Kannapolis, NC 28083
      View Details
    • Contact for pricing
      3,150 SF

      Kannapolis Retail Space - 3150 SF

      Prime Kannapolis retail space available.
      2115 Cannon Blvd, Kannapolis, NC 28083
      View Details
    • Contact for pricing
      2,056 SF

      Retail Space Near I-85

      2,056 SF retail space with high-traffic location near I-85.
      2482-2498 Wonder Dr NE, Kannapolis, NC 28083
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    724 Chipola St
    Kannapolis, NC 28083-6373
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.