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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Industrial properties
729 Main St, Kannapolis, NC 28081-4915
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-0835645
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,423 SF
Lot
0.57 ac (24,960 SF)
Zoning code
GC
APN
5613 55 5364
UPID
US53-0835645
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
-
Hygeia Corporation Advertising Agency Marketing & Advertising
-
Camino Health Center | Kannapolis Campus Community Health Centre
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$569k
Blend (final)
Blend
$905k
Owner & transaction history
Camino Worlwide INC · 3 yrs held
Camino Worlwide INC
since 2022
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
GC · Kannapolis, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+70.7%
Auto repair, garage
$1.3M
+55.8%
Restaurant
$1.2M
+49.8%
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
$800,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$810,000
Current use
COMMERCIAL (GENERAL)
$1,385,000
Change: +71% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,265,000
Change: +56% · Conversion: Easy
RESTAURANT
$1,215,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$865,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $1.00M (Dec 9 2022)
Last sale anchor
$1.00M
Dec 9 2022
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
$63 / 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
$4,150
Tax year 2024
Assessed value
$956,590
Assessed 2024
Previous assessed
$302,900
+215.8% YoY
Effective rate
0.43%
On assessed value
Assessed land
$120,510
Assessed improvement
$836,080
Land market value
$120,510
Improvement market value
$836,080
Total market value
$956,590
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
14,423 SF
Lot
0.57 ac (24,960 SF)
Zoning code
GC
APN
5613 55 5364
UPID
US53-0835645
Jurisdiction
CABARRUS
Zoning & alternative use
GC · Kannapolis, NC
Zoning GC · permitted uses
GC · 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
INDUSTRIAL (GENERAL) Current
Est. value
$810,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$865,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
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
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.57 ac
Current owner
From public records · entity-resolved
Camino Worlwide INC
Entity
Free & Clear · 3 yrs held
Mailing address
131 STETSON DR, CHARLOTTE, NC 28262-3326
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2025
—
Camino Worldwide INC
—
Deed
related
$1,100,000 · First Horizon Bank
Dec 9, 2022
—
Camino Worlwide INC
Rocky Pee Dee LLC
Deed
—
Dec 9, 2022
$1,000,000
Camino Worlwide INC
Rocky Pee Dee LLC
Special Warranty Deed
—
Dec 7, 2021
—
Rocky Pee Dee LLC
Cornerstone Cabarrus LLC
Warranty Deed
$3,087,378 · Edisto Loan Fund LLC
Mar 16, 2007
—
Cornerstone Cabarrus LLC
Bishop,john A & Vanessa L
Warranty Deed
$935,000 · Wachovia Bank NA
Jul 21, 2001
—
Bill E Hubbard
Bishop,john A
Grant Deed
related
—
—
—
Cornerstone Cabarrus LLC
—
Deed Of Trust
related
$151,276 · Cabarrus Bank & Trust Co
—
—
John A Bishop
—
Deed Of Trust
related
$75,000 · First Charter Bank
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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