Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    608 Concord Rd Albemarle, NC 28001

    Sponsored
    For Lease
    $1,200 /Mo ($0.75 SF/Yr)

    COMMERCIAL - Albemarle, NC

    Lot size:
    0.44 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 5 at 11:06 am

    Property Features for 608 Concord Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CBD
    APN
    6538-02-76-5431
    Lot size
    0.44 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1934
    Flooring type
    Carpet

    We can help!

    Listing Contact
    Dottie Ciarrocchi

    T. R. Lawing Realty, Inc (704) 414-2023

    Listing agent Dottie Ciarrocchi (704) 414-2037

    Listing date Feb 4, 2026

    MLS# 4343236

    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.

    Learn more

    Property Insight Report

    Overview

    Commercial Property in Albemarle, NC

    This commercial property is located in Albemarle, North Carolina, and has previously been used as a daycare facility. The building features open spaces, offices, two bathrooms, and a kitchenette area. The property offers flexibility for build-out to suit various needs. The lot size is 0.44 acres. Commercial insurance is required.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kids Corner Learning ... Daycare Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    Kids Corner Learning Center

    Location Insight

    • Map
    • Local Demand
    City
    Albemarle
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.215656
    Latitude
    35.355114

    Nearby Similar for Lease

    • $2,852 /Mo
      39,204 SF

      High-Visibility Commercial Space Available

      Prime commercial space with excellent frontage on NC 24.
      814 Nc 24/27, Albemarle, NC 28001
      View Details
    • Contact for pricing
      400,000 SF

      Albemarle Industrial Portfolio Opportunity

      Versatile industrial space, multiple tenants, 400,000 sqft
      225 Depot St, Albemarle, NC 28001
      View Details
    • $20 SF/Yr
      1,600 SF

      Restaurant Space in Eastgate Center

      Former Subway restaurant space available in Albemarle, North Carolina.
      839 27 Byp, Albemarle, NC
      View Details
    • $20 SF/Yr
      1,850 SF

      Move-In Ready Office/Retail Space

      Versatile 1,850 SF space suitable for office or retail.
      1954 E Main St, Albemarle, NC 28001
      View Details
    • $15 SF/Yr
      10,340 SF

      Downtown Albemarle Retail Space

      Prime 10,340 SF Restaurant Space Available
      135 Main St, Albemarle, NC 28001
      View Details
    • Contact for pricing
      52,230 SF

      Albemarle Retail Center Opportunity

      High-traffic retail space available now.
      801 1St St, Albemarle, NC 28001
      View Details
    • Contact for pricing

      Retail Space in Albemarle, NC

      25,000 SF retail space available for lease.
      Albemarle, NC 28001
      View Details
    • Contact for pricing
      200,000 SF

      Albemarle Industrial Space For Rent

      Versatile industrial space with warehousing and office components available for rent.
      225 N Depot St, Albemarle, NC 28001
      View Details
    • $2,773 /Mo
      1,773 SF

      Albemarle Warehouse/Distribution Space Available

      Flexible warehouse and distribution space with highway access.
      1735 Woodhurst Ln, Albemarle, NC 28001
      View Details
    • $5,473 /Mo
      5,473 SF

      Albemarle Warehouse and Distribution Space

      Adaptable warehouse and distribution space with highway access.
      1739 Woodhurst Ln, Albemarle, NC 28001
      View Details
    • $1,595 /Mo
      1,487 SF

      New Townhome Near Downtown Albemarle

      New 3-bedroom, 2.5-bath townhome near downtown Albemarle.
      148 S Bell Ave, Albemarle, NC 28001
      View Details
    • Contact for pricing
      1,200 SF

      Retail and Restaurant Space Available

      Retail and restaurant spaces with excellent visibility and easy access.
      800-819 N 1St St, Albemarle, NC 28001
      View Details

    FAQs

    What type of property is this?
    Day care center - Commercial property suitable for various uses in Albemarle, NC.
    Where is this day care center located?
    The property is located at 608 Concord Rd Albemarle, NC.
    What is the lease rate?
    The lease rate is $0.75 SF/Yr.
    What are key features of this property?
    This property features: - Versatile commercial property suitable for various business needs.; - Includes open spaces, offices, 2 bathrooms, and a kitchenette.; - Located in Albemarle, NC.
    (704) 414-2037
    Request Owner's contact information
    608 Concord Rd Albemarle, NC 28001
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    608 Concord Rd
    Albemarle, NC 28001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    608 Concord Rd Albemarle, NC 28001
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Dottie Ciarrocchi
    (704) 414-2037
    Learn more
    Google sign-in failed. Please try again or use another login method.