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    2424 Penninger Rd Concord, NC 28025

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    For Sale
    $89,900

    Almost two acres of land offering privacy and natural surroundings.

    Property Features for 2424 Penninger Rd

    General Information

    Standard status
    Active

    Source: MORTICE COMMERCIAL REAL ESTATE Agent STEVEN TICE

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Nearly Two-Acre Residential Land

    This property features nearly 2 acres of land, offering a combination of privacy and ample space surrounded by nature. Prospective buyers will need to verify the suitability of a well and septic system for the site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Auto Repair Shop Kitchen & Bath Food Market HVAC Service Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.5639276
    Latitude
    35.4493292

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    FAQs

    What type of property is this?
    Land - Almost two acres of land offering privacy and natural surroundings.
    Where is this land located?
    The property is located at 2424 Penninger Rd Concord, NC.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: - Nearly 2-acre tract offering ample room to spread out.; - Enjoy the privacy and tranquility of being surrounded by nature.; - Potential for well installation.
    Request Owner's contact information
    2424 Penninger Rd Concord, NC 28025
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    Concord, NC 28025
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2424 Penninger Rd Concord, NC 28025
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