Open-Plan Office
1 Buffalo Ave Unit 1106, Concord, NC 28025
For Sale
Contact for pricing
Condominium workspace in a multi-tenant office building, available for immediate occupancy.
Property Size945 SF
Price / SF$147.09
Days on Market11
Property Features for 1 Buffalo Ave Unit 1106
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Asking Price
Property Use
Building Details
Tenancy
Listing Agency:
Northstate Property Advisors
Listed By:
Thomas Propst · License #253160
(704) 787-4850
Source:
Crexi
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 6:14PM
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
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.
Unit 1106 is an office condominium at Locke Mill in Concord, North Carolina. The approximately 945-square-foot space has an open floor plan and is part of a multi-tenant office building. The unit is available immediately.
Key Highlights
- Approximately 945 SF of open‑plan office space
- Office condominium in a multi‑tenant building
- Available immediately
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
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Condominium workspace in a multi-tenant office building, available for immediate occupancy.
Where is this office unit located?
The property is located at 1 Buffalo Ave Unit 1106 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: Approximately 945 SF of open‑plan office space; Office condominium in a multi‑tenant building; Available immediately
