Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Remodeled Auto Garage/Warehouse in Concord Title is generated by Realmo AI

    398 Old Charlotte Road SW, Concord, NC 28027

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $599,000

    Turnkey auto garage/warehouse in high-traffic Concord location.

    Type:Commercial
    Property size:
    1,729 SF
    Price / SF:
    $346/SF
    Added:
    Jan 2, 2026
    Days on Market:
    135
    Last Refresh:
    Apr 5 at 9:13 pm

    Property Features for 398 Old Charlotte Road SW

    General Information

    Standard status
    Active
    Size
    1,729 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1945

    We can help!

    Listing Contact
    DAVID WISHON

    Listing agent DAVID WISHON License #310102

    Listing office KELLER WILLIAMS PREMIER

    Listing date Jan 2, 2026

    Source Corcoran

    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 KELLER WILLIAMS PREMIER

    HighLights

    • Fully remodeled and turnkey ready auto garage/warehouse.
    • Located in a high traffic area in the heart of Concord.
    • Features a large 2 bay area plus a 3rd separate garage bay.
    • Includes new sheetrock and paint, new heating and air units, 3 new 12'+/- garage doors with motors, new electrical and lighting, and a new bathroom.
    • Newly poured concrete parking lot offers additional parking spaces.
    • Rear fenced‑in carport provides an additional workspace.

    Overview

    This fully remodeled auto garage and warehouse is located in a high-traffic area in the heart of Concord. The 1729 square-foot property is turnkey ready and suitable for a growing business. The interior has been newly revamped with new sheetrock and paint, new heating and air units, three new 12'+/- garage doors with motors, new electrical and lighting, and a new bathroom. The layout includes a large two-bay area with ample room and a third separate garage bay, along with a waiting room/office area and a bathroom. A rear fenced-in carport provides an additional spot to work or detail vehicles, or for workspace. The newly poured concrete parking lot offers additional parking spaces and the opportunity to add more parking on the property. This property is suitable for auto shops, automotive businesses, retail, warehouses, and other commercial real estate ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • McGee Brothers Automotive, Inc. — 65 Roberta Rd, Concord, NC 28027
    • General Truck Repair — 349 Industrial Ct, Concord, NC 28025
    • Rick’s Auto Body, LLC — 920 Old Charlotte Rd SW, Concord, NC 28027
    • Absolute Auto Solutions inc — 599 Jackson Terrace SW, Concord, NC 28027
    • GTR DIESEL PERFORMANCE — 349 industrial ct, concord, nc 28025

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.5935
    Latitude
    35.3996

    Nearby Similar for Sale

    • $1,100,000
      11,488 SF

      Retail/Warehouse Space on Hwy 73

      11,488 sq ft retail/warehouse space on 0.52 acres.
      487 Corban Avenue SE, Concord, NC 28025
      View Details
    • $650,000
      3,045 SF

      Commercial Building in High-Traffic Area

      3,045 sq ft commercial building on 0.63-acre lot.
      225 SE Branchview Drive SE, Concord, NC 28025
      View Details
    • $535,000

      Cash Flowing Rental Property

      Rental property near Downtown Concord with modern upgrades.
      86 White Street NW, Concord, NC 28027
      View Details
    • $900,000
      3,462 SF

      Warehouse and Carwash Opportunity

      Warehouse and carwash near Downtown Concord with income potential.
      91 Corban Avenue SW, Concord, NC 28025
      View Details
    • $345,000

      Turnkey Duplex in Concord, NC

      Renovated duplex ideal for short-term or long-term rentals.
      270/272 Spring Street SW, Concord, NC 28025
      View Details
    • $315,000

      Turnkey Duplex in Downtown Concord

      Remodeled duplex in downtown Concord, ideal for investors or owner-occupants.
      266 Moore Drive NW, Concord, NC 28025
      View Details
    • $4,600,000

      Caliber Collision Investment Opportunity

      Long-term corporate lease in high-growth Charlotte submarket.
      2760 Concord Parkway South, Concord, NC 28027
      View Details
    • $2,150,000
      9,375 SF

      Motorsports Drive Industrial Property

      9,375 SF industrial property with new 10-year lease.
      4387 Motorsports Dr SW, Concord, NC 28027
      View Details
    • $489,900

      Two Buildings Near Downtown Concord

      Two adjacent commercial buildings suitable for office, medical, or service use.
      729 Church St N, Concord, NC
      View Details
    • Contact for pricing
      2,508 SF

      Concord Mills Retail Opportunity

      Former bank branch in a high-traffic retail hub.
      8541 Concord Mills Blvd, Concord, NC 28027
      View Details
    • $325,000
      1,256 SF

      Commercial Space Near Church Street

      Retail space suitable for salon or spa-related businesses.
      556 Newell Street NW, Concord, NC 28025
      View Details
    • Contact for pricing
      8,800 SF

      Landmark Building in Downtown Concord

      Former bank building with flexible space and ample parking.
      50 Union St N, Concord, NC
      View Details

    FAQs

    What type of property is this?
    Auto shop - Turnkey auto garage/warehouse in high-traffic Concord location.
    Where is this auto shop located?
    The property is located at 398 Old Charlotte Road SW Concord, NC.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Fully remodeled and turnkey ready auto garage/warehouse.; Located in a high traffic area in the heart of Concord.; Features a large 2 bay area plus a 3rd separate garage bay.
    (704) 788-8008
    We can help!
    Listing Contact
    DAVID WISHON
    Real Estate License ID: 310102
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    398 Old Charlotte Road SW, Concord, NC 28027
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!