New Medical/Office Condos
For Sale
Contact for pricing
290 Robins Way, Concord, NC
New medical/office condos for sale or lease in Concord, NC.
Property Size4,318 SF
Lot Size1.44 Acres
Price / SF$236.57
Days on Market409
Property Features for 290 Robins Way
General Information
Standard status
Active
Size
4,318 SF
Lot size
1.44 Acres
Property subtype
OFFICE
Lease Type
NNN
Properties For Sale
at 290 Robins Way Contact us- Floor
- 1
- Size
- 9,562 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
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Listing Agency:
Northstate Property Advisors, Inc.
(704) 488-0075
Listed By:
Catherine H. Davis
(704) 488-0075
Source:
Moodyscre
Added: Jul 10, 2025
Changed: Aug 9
Last Checked: Aug 22 at 4:44AM
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 Northstate Property Advisors, Inc.
Investment Insights
Based on property information with market context.
Three new medical/office condos are available for sale or lease. The first floor includes a 4,086-square-foot unit and a 4,458-square-foot unit, which could be combined. The second floor features a 4,318-square-foot unit with a subfloor in place. Common areas are finished throughout, including an elevator, two stairwells, halls, a parking lot, and landscaping. The condos are in cold dark shell condition and located in Concord, NC.
Key Highlights
- Brand new medical/office condos available.
- Available for sale or lease.
- Flexible space: Units can be combined on the 1st floor.
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
$59,086
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
5.78%
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%
$1,181,720
$1.2M
Cap Rate 7%
$844,086
$844.1K
Cap Rate 9%
$656,511
$656.5K
Market Conditions
NOI Build-Up for 4,318 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
$108.8K $25.20/SF
− Vacancy
−$10.3K −$2.39/SF
EGI
$98.5K $22.81/SF
− OpEx
−$39.4K −$9.12/SF
NOI
$59.1K $13.68/SF
Area
Concord, NC
Vacancy
9.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
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%
$1,181,720
Cap Rate 7%
$844,086
Cap Rate 9%
$656,511
Alternative Uses
Best Use
Healthcare Medical
$844.1K
$738.6K – $984.8K
NOI $59,086 @ 7.0% cap · market cap 5.78%
Second Best
Office B
$811.4K
$710.0K – $946.6K
NOI $56,797 @ 7.0% cap · market cap 5.56%
Theoretical Best
Specialty Retail
$1.18M
$1.03M – $1.37M
NOI $82,368 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,173
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Animal Care Clinic of Concord — 131 Church St NE, Concord, NC 28025
Frequently Asked Questions
What type of property is this?
Medical Office Space - New medical/office condos for sale or lease in Concord, NC.
Where is this medical office space located?
The property is located at 290 Robins Way Concord, NC.
What is the asking price?
The asking price for this property is $1,021,500.
What are key features of this property?
This property features: Brand new medical/office condos available.; Available for sale or lease.; Flexible space: Units can be combined on the 1st floor.
