Flex Space with Showroom and
New
For Sale
$2,595,000
269 Executive Park Drive Northeast, Concord, NC 28025
A combined office, showroom, and warehouse layout supports multiple commercial functions within one property.
Property Size13,390 SF
Price / SF$193.80
Days on Market2
Property Features for 269 Executive Park Drive Northeast
General Information
Standard status
Active
Size
13,390 SF
Property subtype
Retail — Flex
Building Details
Building Size
13,390 SF
Listing Agency:
Linville Team Partners
Listed By:
Nick Gonzalez · License #268640
(336) 724-1715
Source:
Ltpcommercial
Added: Sep 30
Last Checked: Sep 30 at 4:10PM
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 Linville Team Partners
Investment Insights
Based on property information with market context.
This flex property contains approximately 13,390 SF arranged as showroom, office, and warehouse space, bringing customer-facing and operational areas together under one roof.
The property is at 269 Executive Park Drive Northeast in Concord, North Carolina, with access to the I-85 corridor. Its location also connects with the broader Concord and Charlotte markets.
The property is at 269 Executive Park Drive Northeast in Concord, North Carolina, with access to the I-85 corridor. Its location also connects with the broader Concord and Charlotte markets.
Key Highlights
- Approximately 13,390 SF of flex space
- Showroom, office, and warehouse areas in one property
- I‑85 corridor access and exposure
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$205,072
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,101,440
$4.1M
Cap Rate 7%
$2,929,600
$2.9M
Cap Rate 9%
$2,278,578
$2.3M
Market Conditions
NOI Build-Up for 13,390 SF
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.
Gross rent
$313.3K $23.40/SF
− Vacancy
−$20.4K −$1.52/SF
EGI
$293.0K $21.88/SF
− OpEx
−$87.9K −$6.56/SF
NOI
$205.1K $15.32/SF
Area
Concord, NC
Vacancy
6.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,101,440
Cap Rate 7%
$2,929,600
Cap Rate 9%
$2,278,578
Alternative Uses
Best Use
Retail
$2.93M
$2.56M – $3.42M
NOI $205,072 @ 7.0% cap · market cap 7.90%
Second Best
Flex RnD
$2.31M
$2.02M – $2.70M
NOI $161,990 @ 7.0% cap · market cap 6.24%
Theoretical Best
Specialty Retail
$3.65M
$3.19M – $4.26M
NOI $255,421 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,195
Businesses Nearby
Balanced
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - A combined office, showroom, and warehouse layout supports multiple commercial functions within one property.
Where is this flex space located?
The property is located at 269 Executive Park Drive Northeast Concord, NC.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Approximately 13,390 SF of flex space; Showroom, office, and warehouse areas in one property; I‑85 corridor access and exposure
