Multi-Tenant Industrial
1032 Central Drive NW Concord, NC 28027
1032 Central Drive NW, Concord, NC, 28027
$2,600,000
For Sale
$2,600,000
COMMERCIAL - Concord, NC
Property Size15,980 SF
Lot Size1.16 Acres
Price / SF$162.70
Days on Market9
Property Features for 1032 Central Drive NW
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Fencing
- Chain Link, Fenced
- Standard status
- Active
- APN
- 56119722140000
- Lot size
- 1.16 Acres
Taxes and HOA fees
- Tax Description
- P/O LTS 1-2 CENTRAL DR INDUSTRIAL PARK
Building Details
- Year built
- 1998
- Floors in Building
- 1
Listing Agency
Century 21 Providence Realty
(704) 847-2144
8129 Ardrey Kell Road Ste 101, Monroe, NC
Listed by
Pat Flanagan
(704) 916-9552
Added: Jul 10 Checked: Jul 18 at 8:06 pm
MLS# 4402934
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This stabilized, multi-tenant industrial property is 100% occupied by three established tenants. The offering is presented as generating approximately $159,745 in pro forma annual Net Operating Income (NOI). The property includes approximately 15,980 square feet of industrial space situated on about 1.16 acres.
Located at 1032 Central Drive NW in Concord, North Carolina, the property is described as just minutes from Interstate 85, providing connectivity to Charlotte, Concord, Kannapolis, and surrounding industrial markets in the area.
As presented, the combination of in-place occupancy and a diversified three-tenant structure is intended to provide investors with predictable, ongoing income.
Located at 1032 Central Drive NW in Concord, North Carolina, the property is described as just minutes from Interstate 85, providing connectivity to Charlotte, Concord, Kannapolis, and surrounding industrial markets in the area.
As presented, the combination of in-place occupancy and a diversified three-tenant structure is intended to provide investors with predictable, ongoing income.
Key Highlights
- Multi‑tenant industrial property built in 1998
- 100% occupied by three established tenants
- Approximately 15,980 SF on +/-1.15 acres
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $233.9k | $14.64 |
| − Vacancy | −$9.4k | −$0.59 |
| EGI | $224.6k | $14.05 |
| − OpEx | −$33.7k | −$2.11 |
| NOI | $190.9k | $11.95 |
15,980 SF · lease $14.64/SF/yr · vacancy 4.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.73M
$2.39M – $3.18M
NOI $190,901 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.35M
$3.81M – $5.08M
NOI $304,826 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Carolina Precision Switchgear
Engineer
Similar For Sale Nearby
Similar Off Market Nearby
- AutoBarn LLC — 320 Sign Dr NW # 100, Concord, NC 28027
- A1 Mini Storage — 460 Concord Pkwy N, Concord, NC 28027
- 379 Central Drive Nw — 379 Central Dr NW, Concord, NC 28027
- Carolina Warehousing — 141 Ramdin Ct NW, Concord, NC 28027
- Diverse Logistic Professionals — 138 Buffalo Ave NW, Concord, NC 28025
FAQs
What type of property is this?
Warehouse - Industrial property is 100% occupied by three tenants, generating approximately $159,745 in pro forma annual NOI.
Where is this warehouse located?
The property is located at 1032 Central Drive NW Concord, NC.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Multi‑tenant industrial property built in 1998; 100% occupied by three established tenants; Approximately 15,980 SF on +/-1.15 acres
