Open-Plan Office
For Sale
Contact for pricing
1 Buffalo Ave NW, Concord, NC 28025
The flexible interior layout provides an open workspace within a condominium office unit.
Property Size945 SF
Price / SF$147.09
Days on Market34
Property Features for 1 Buffalo Ave NW
General Information
Standard status
Active
Size
945 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Gibs
Additional Details
Property Use
Office
Listing Agency:
Northstate Property Advisors, Inc.
(704) 782-7777
Listed By:
Evan Mozingo · License #327294
(980) 621-3224
Source:
Moodyscre
Added: Oct 1
Changed: Nov 1
Last Checked: Nov 1 at 3:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northstate Property Advisors, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office condominium offers 945 square feet in an open floorplan. The layout provides a single, open workspace within the office unit.
Key Highlights
- 945‑square‑foot office condominium
- Open floorplan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,430
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,600
$248.6K
Cap Rate 7%
$177,571
$177.6K
Cap Rate 9%
$138,111
$138.1K
Market Conditions
NOI Build-Up for 945 SF
Gross rent
$21.0K $22.20/SF
− Vacancy
−$4.4K −$4.66/SF
EGI
$16.6K $17.54/SF
− OpEx
−$4.1K −$4.38/SF
NOI
$12.4K $13.15/SF
Area
Concord, NC
Vacancy
21.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,600
Cap Rate 7%
$177,571
Cap Rate 9%
$138,111
Alternative Uses
Best Use
Office B
$177.6K
$155.4K – $207.2K
NOI $12,430 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$257.5K
$225.3K – $300.4K
NOI $18,026 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,192
Businesses Nearby
Explore this area
Business Placement
Demographics for 28025, NC
58,260
Population
23,759
Households
2.5
Avg Household Size
38
Median Age
33%
College-Educated
91%
High-School Grad
108.4 sq mi
ZIP Area
537
Density / Sq Mi
$79,271
Median Household Income
$43,167
Median Earnings
$1,223
Median Rent
$264,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The flexible interior layout provides an open workspace within a condominium office unit.
Where is this office unit located?
The property is located at 1 Buffalo Ave NW Concord, NC.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: 945‑square‑foot office condominium; Open floorplan
