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    2361 Concord Lake Road unit 2361 & 2363 Concord, NC 28025

    View on Map
    For Lease
    $30 SF/Yr

    COMMERCIAL - Concord, NC

    Type:Retail
    Lot size:
    0.79 Acres
    Added:
    Oct 3, 2025
    Days on Market:
    181
    Last Refresh:
    Mar 31 at 11:06 pm

    Property Features for 2361 Concord Lake Road unit 2361 & 2363

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking features
    Parking Lot
    Window features
    Display Window(s)
    Standard status
    Active
    APN
    5622-32-4471-0000
    Lot size
    0.79 Acres

    Taxes and HOA fees

    TaxDescription
    P/O LT 1 CABARRUS EXECUTIVE PARK .76AC

    Building Details

    Year built
    1997
    Flooring type
    Concrete
    Roof type
    Rubber

    We can help!

    Listing Contact
    Kirk Hanson
    Kirk Hanson

    Listing agent Kirk Hanson License #235328

    Listing office CK Select Commercial Real Esta 142 Cabarrus Ave E, Concord, NC

    Listing date Oct 3, 2025

    MLS# 4307621

    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.

    Overview

    Retail/Office Space For Lease

    Located at the signalized intersection of Lake Concord Road and Executive Park Drive in Concord, NC, this property offers 2,909 square feet of retail or office space. The location provides visibility from Interstate 85 and is situated between Sam's Club/Walmart and Carolina Mall, with convenient access to Atrium Health Cabarrus. The available space comprises two units (2361 & 2363 Concord Lake Road) that can be leased together or subdivided to suit tenant requirements. The property is zoned C-2 (General Commercial), accommodating a variety of retail, office, medical, restaurant, and service uses. The location benefits from a high-traffic corridor with over 16,000 average vehicles per day on Concord Lake Road and over 100,000 vehicles per day on Interstate 85. The lease is modified gross, with no CAM or T&I charges. The owner will provide HVAC and a demising wall if the space is subdivided. Tenants are responsible for upfit, which must be fully permitted through the City of Concord. The property features a TPO rubber membrane roof, and venting is possible from the rear wall without roof cutting. This location is suitable for businesses seeking strong visibility and convenient access in Concord's commercial district.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.600117
    Latitude
    35.449573

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    FAQs

    What type of property is this?
    Retail space - Versatile retail or office space in a high-traffic commercial district.
    Where is this retail space located?
    The property is located at 2361 Concord Lake Road unit 2361 & 2363 Concord, NC.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: High Visibility: Located at a signalized corner with excellent exposure from I‑85.; High Traffic Location: Situated on a high‑traffic corridor with over 16,000 vehicles per day on Concord Lake Road.; Strategic Location: Positioned between Sam's Club/Walmart and Carolina Mall, and near Atrium Health Cabarrus.
    (704) 791-9469
    We can help!
    Listing Contact
    Kirk Hanson
    Kirk Hanson
    Real Estate License ID: 235328
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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