Multi-Tenant Warehouse
1032 Central Drive NW, Concord, NC 28027
For Sale
$2,350,000
Commercial Sale, Concord, NC
Property Size15,980 SF
Lot Size1.16 Acres
Price / SF$147.06
Days on Market124
Property Features for 1032 Central Drive NW
General Information
Property type
Property subtype
Zoning description
Fencing
Standard status
APN
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Legal Description
Building Details
Year built
Floors in Building
Listing Agency:
Century 21 Providence Realty · Century 21 Real Estate
(704) 289-2121
Listed By:
Pat Flanagan · License NC #295126
(704) 916-9552
Added: Jul 10
Changed: Oct 30
Last Checked: Nov 10 at 11:06AM
MLS# 4402934
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.
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 warehouse property contains a multi-tenant industrial arrangement with three established occupants and 100% occupancy. The improvements were built in 1998 and the site is secured with chain-link fencing.
Located in Concord within Cabarrus County, the property sits near Interstate 85, offering access to Charlotte, Kannapolis, Concord, regional transportation routes, and surrounding industrial markets. Its position also connects to area labor pools and distribution networks.
Located in Concord within Cabarrus County, the property sits near Interstate 85, offering access to Charlotte, Kannapolis, Concord, regional transportation routes, and surrounding industrial markets. Its position also connects to area labor pools and distribution networks.
Key Highlights
- 100% occupied by three established tenants
- Warehouse property in an established Cabarrus County industrial corridor
- Built in 1998
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$190,901
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,818,020
$3.8M
Cap Rate 7%
$2,727,157
$2.7M
Cap Rate 9%
$2,121,122
$2.1M
Market Conditions
NOI Build-Up for 15,980 SF
Gross rent
$233.9K $14.64/SF
− Vacancy
−$9.4K −$0.59/SF
EGI
$224.6K $14.05/SF
− OpEx
−$33.7K −$2.11/SF
NOI
$190.9K $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%
$3,818,020
Cap Rate 7%
$2,727,157
Cap Rate 9%
$2,121,122
Alternative Uses
Best Use
Warehouse
$2.73M
$2.39M – $3.18M
NOI $190,901 @ 7.0% cap · market cap 8.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.35M
$3.81M – $5.08M
NOI $304,826 @ 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
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Public Storage — 1079 Concord Pkwy N, Concord, NC 28027
- Mr. Storage - Central — 35.434757, -80.618250, concord, nc 28027
- Mr Storage — 1027 Central Dr NW, Concord, NC 28027
Frequently Asked Questions
What type of property is this?
Warehouse - Fenced industrial property is fully occupied by three established tenants.
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 $2,350,000.
What are key features of this property?
This property features: 100% occupied by three established tenants; Warehouse property in an established Cabarrus County industrial corridor; Built in 1998
