Multi-Tenant Industrial
For Sale
$2,600,000
1032 Central Drive NW, Concord, NC 28027
Stabilized industrial property with three in-place tenants and 100% occupancy on a small acreage site.
Property Size19,981 SF
Days on Market99
Property Features for 1032 Central Drive NW
General Information
Standard status
Active
Size
19,981 SF
Property subtype
Industrial
Amenities
Chain Link, Fenced, Full
Additional parcels description:, Parcel Number: 56119722140000, Assessed Value: $1.12207e+06
Listing ID: CAR4402934, Standard Status: Active, MLS Status: Active, Property Subtype: Industrial, 3 days on market, Special Conditions: None
Built in 1998, 1 building
County/Parish: Cabarrus
Road Responsibility: Publicly Maintained Road, Road Surface: Concrete, Paved
Building Details
Building Size
19,981 SF
Year Built
1998
Listing Agency:
Century 21 Providence Realty
(704) 847-2144
Listed By:
Pat Flanagan
(704) 916-9552
Source:
Blackstreaminternational
Added: Jul 10
Changed: Oct 15
Last Checked: Oct 16 at 9:41AM
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 Century 21 Providence Realty
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Investment Insights
Based on property information with market context.
This stabilized, multi-tenant industrial investment offers approximately 15,980 square feet on ±1.15 acres and is 100% occupied by three established tenants. The property is being marketed based on approximately $159,745 Proforma annual Net Operating Income (NOI), providing in-place cash flow.
The asset is located at 1032 Central Drive NW in Concord, North Carolina, and is described as being just minutes from Interstate 85. That location is intended to provide connectivity to Charlotte, Concord, Kannapolis, and surrounding industrial markets, supporting access to regional distribution networks.
With a diversified in-place tenant mix, the property is presented as an income-focused industrial option positioned within one of Cabarrus County’s established industrial corridors.
The asset is located at 1032 Central Drive NW in Concord, North Carolina, and is described as being just minutes from Interstate 85. That location is intended to provide connectivity to Charlotte, Concord, Kannapolis, and surrounding industrial markets, supporting access to regional distribution networks.
With a diversified in-place tenant mix, the property is presented as an income-focused industrial option positioned within one of Cabarrus County’s established industrial corridors.
Key Highlights
- 100% occupied multi‑tenant industrial property with three established in‑place tenants
- Approximately 15,980 SF on ±1.15 acres
- 1998 construction year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$238,698
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,773,960
$4.8M
Cap Rate 7%
$3,409,971
$3.4M
Cap Rate 9%
$2,652,200
$2.7M
Market Conditions
NOI Build-Up for 19,981 SF
Gross rent
$292.5K $14.64/SF
− Vacancy
−$11.7K −$0.59/SF
EGI
$280.8K $14.05/SF
− OpEx
−$42.1K −$2.11/SF
NOI
$238.7K $11.95/SF
Area
Concord, NC
Vacancy
4.00%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,773,960
Cap Rate 7%
$3,409,971
Cap Rate 9%
$2,652,200
Alternative Uses
Best Use
Warehouse
$3.41M
$2.98M – $3.98M
NOI $238,698 @ 7.0% cap · market cap 9.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.44M
$4.76M – $6.35M
NOI $381,148 @ 7.0% cap · market cap 14.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,165
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28027, NC
76,478
Population
31,450
Households
2.4
Avg Household Size
36
Median Age
43%
College-Educated
92%
High-School Grad
69.0 sq mi
ZIP Area
1,108
Density / Sq Mi
$89,101
Median Household Income
$48,976
Median Earnings
$1,433
Median Rent
$341,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Public Storage — 1079 Concord Pkwy N, Concord, NC 28027
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- Mr Storage — 1027 Central Dr NW, Concord, NC 28027
Frequently Asked Questions
What type of property is this?
Warehouse - Stabilized industrial property with three in-place tenants and 100% occupancy on a small acreage site.
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: 100% occupied multi‑tenant industrial property with three established in‑place tenants; Approximately 15,980 SF on ±1.15 acres; 1998 construction year
