1032 Central Drive NW Concord, NC 28027
COMMERCIAL - Concord, NC
- Added:
- Jul 10, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 12 at 2:06 am
Property Features for 1032 Central Drive NW
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Fencing
- Chain Link, Fenced
- Standard status
- Active
- APN
- 56119722140000
- Lot size
- 1.16 Acres
Taxes and HOA fees
- Tax Description
- P/O LTS 1-2 CENTRAL DR INDUSTRIAL PARK
Building Details
- Year built
- 1998
- Floors in Building
- 1
Listing agent Pat Flanagan (704) 916-9552
Listing office Century 21 Providence Realty 8129 Ardrey Kell Road Ste 101, Monroe, NC (704) 847-2144
Listing date Jul 10, 2026
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.
Investment Insights
Based on property information with market context.
The property is located at 1032 Central Drive NW, Concord, NC 28027, in Cabarrus County. Public remarks indicate the site is just minutes from Interstate 85, offering convenient connectivity to the Charlotte, Concord, and Kannapolis industrial markets.
As presented, the diversified tenant mix is intended to help reduce vacancy risk while maintaining predictable operating performance for an industrial investment with existing occupancy.
Key Highlights
- Stabilized multi‑tenant industrial investment with 100% occupancy by three established tenants
- About 15,980 SF industrial building on +/-1.15 acres
- Approximately $160,888 proforma annual Net Operating Income (NOI)
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $233.9k | $14.64 |
| − Vacancy | −$9.4k | −$0.59 |
| EGI | $224.6k | $14.05 |
| − OpEx | −$33.7k | −$2.11 |
| NOI | $190.9k | $11.95 |
Alternative Uses
Property Analytics
Current Use by Public Records
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