Kannapolis, NC
Commercial Real Estate Market Trends & Data

$464 Avg asking sale price
$1,576 Avg asking lease rate
37,577 SF Avg unit lease size
5,821 SF Avg building size for sale
7.32% Average cap rate

Kannapolis's Demographic Profile

Kannapolis has 23,699 households and a median income of $61,410, providing context for rent absorption and tenant demand across retail and multifamily assets. A +12% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 61,989
# Households 23,699
Median age 38
Median household income $61,410
Avg household size 3.0
Renter-occupied housing units 9,668
5-year population change +12%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Kannapolis, NC

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Kannapolis $518 6,815 SF 6.37%
Concord $264 5,066 SF 6.37%
Mooresville $238 4,071 SF 6.60%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Kannapolis $172 11,206 SF 6.52%
Concord $238 106,935 SF 6.52%
Nearby Retail Markets Avg Cost/SF Typical Size
Kannapolis $356 4,620 SF
Landis $414 1,570 SF
Concord $581 13,929 SF
China Grove $374 4,550 SF
Davidson $70 6,682 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Mooresville $396 111,057 SF 5.60%
Charlotte $241 34,780 SF 5.83%

Commercial Properties For Sale in Kannapolis

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

4201-4221 Davidson Highway

Concord, NC 28027

  • 3.75 AC Lot
  • 1 Commercial Lot
  • $1,400,000
For Sale

1032 Central Dr NW

Concord, NC 28027

  • 15,980 SF Industrial Building
  • 6.14% Cap Rate
  • $2,600,000
For Sale

814 & 810 E Mills Dr

Landis, NC 28088

  • 4,247 SF Flex Building
  • $649,000
For Sale

Concord Self-Storage Development Site

Concord, NC 28027

  • 4.79 AC Lot
  • 1 Commercial Lot
  • $799,000
For Sale

Basin Ave Rental Homes

Kannapolis, NC

  • 8.51% Cap Rate
  • $1,299,000
For Sale

403 Alpine St

Kannapolis, NC 28081

  • 4.67 AC Lot
  • 1 Commercial Lot
  • $900,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Kannapolis pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Kannapolis $464 5,821 SF
Landis $283 2,909 SF
Concord $443 26,752 SF
China Grove $298 9,438 SF
Davidson $256 6,583 SF

Regional Demographic Comparison

This comparison places Kannapolis alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Kannapolis or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Kannapolis 61,989 23,699 38 $61,410 3 9,668 12%
Landis 3,855 1,554 40 $63,000 3 405 6%
Concord 110,380 40,173 39 $83,088 3 14,791 12%
China Grove 3,698 1,486 39 $42,276 3 470 5%
Davidson 14,254 5,169 41 $142,697 3 1,517 6%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Kannapolis, NC and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Kannapolis

View All Commercial Real Estate For Sale in Kannapolis
Is Kannapolis a good market for a first-time commercial real estate investor?

Kannapolis offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Kannapolis?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Kannapolis. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Kannapolis?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Kannapolis. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Kannapolis compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Kannapolis. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Kannapolis acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Kannapolis, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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