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Property profile & analytics
OFF-MARKET
Estimated value
$12,420,000
Strip malls
928 Cloverleaf Plz Kannapolis, NC 28083-6981
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US53-2038436
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
44,379 SF
Lot
19.41 ac (845,282 SF)
Zoning code
GC
APN
5622 12 6997
UPID
US53-2038436
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
-
USPS DROP. BOX Post Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.06M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.42M
Owner & transaction history
Benbrooke Cloverleaf Ptrs LLC · 12 yrs held
Benbrooke Cloverleaf Ptrs LLC
since 2014
Last sale
$13.6M
5 recorded transactions
Zoning & alternative use
GC · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,890,000
6.5%
$10,055,000
7%
$9,335,000
Blend value · Realmo final
$12.42M
Range $11.18M – $13.66M · ±10% · vs last sale $13.60M (Dec 22 2025)
Last sale anchor
$13.60M
Dec 22 2025
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
$280 / 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
$117,931
Tax year 2024
Assessed value
$10,385,840
Assessed 2024
Previous assessed
$9,294,520
+11.7% YoY
Effective rate
1.14%
On assessed value
Assessed land
$3,783,980
Assessed improvement
$6,601,860
Land market value
$3,783,980
Improvement market value
$6,601,860
Total market value
$10,385,840
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
1
Bathrooms
45
Total area
44,379 SF
Lot
19.41 ac (845,282 SF)
Zoning code
GC
APN
5622 12 6997
UPID
US53-2038436
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.
Building & site characteristics
From public records
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Bathrooms
45
Lot
19.41 ac
Current owner
From public records · entity-resolved
Benbrooke Cloverleaf Ptrs LLC
Entity
Mailing address
PO BOX 2155, HADDONFIELD, NJ 08033-0889
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2014
$8,650,000
Benbrooke Cloverleaf Ptrs LLC
Cloverleaf Shopping Center Ass
Trustees Deed
related
$5,100,000 · First Tn Bk
—
—
Smv Concord LLC
—
Deed Of Trust
related
$230,000,000 · Column Fin'l INC
—
—
Cloverleaf Shopping Center Ass
—
Deed Of Trust
related
$90,000 · S & T Bank
—
—
Cloverleaf Shopping Center Ass
—
Deed Of Trust
related
$250,000 · S & T Bank
—
—
Cloverleaf Shopping Center Ass
—
Deed Of Trust
related
$300,000 · S & T 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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