Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    556 Newell St NW Concord, NC 28025

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $325,000

    Retail space suitable for salon or spa-related businesses.

    Property size:
    1,256 SF

    Property Features for 556 Newell St NW

    General Information

    Standard status
    Active
    Size
    1,256 SF

    Building Details

    Year built
    1976

    We can help!

    Listing Contact
    Aubie Cook
    Aubie Cook
    Source: Corcoran

    Listing Agency: EXP REALTY LLC Listing Agent: Aubie Cook

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

    Learn more

    Overview

    Commercial Space Near Church Street

    This commercial space, formerly a hair salon, is located just off Church Street. The 1256 square-foot property could be remodeled to accommodate various businesses such as massage, hair, or nail services. It features a private bath and a back entrance. Ample parking is available, offering numerous possibilities for potential business uses.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.5956135
    Latitude
    35.4247575

    Nearby Similar for Sale

    • New
      $325,000
      0.25 Acres

      Commercial Space in Concord, NC

      Commercial space suitable for retail or service businesses.
      556 Newell St NW, Concord, NC 28025
      View Details
    • $650,000
      0.63 Acres

      Commercial Building in High-Traffic Area

      Stand-alone commercial building in Concord's high-traffic area, ideal for investors.
      225 SE Branchview Dr SE, Concord, NC 28025
      View Details
    • $1,100,000
      0.52 Acres

      Retail/Warehouse Space on Hwy 73

      11,488 SF retail/warehouse on 0.52 acres in Concord, NC.
      487 Corban Ave SE, Concord, NC 28025
      View Details
    • $699,000
      Pending

      Concord Multifamily Investment Opportunity

      Seven-unit multifamily property near downtown Concord, North Carolina.
      161 Union St S, Concord, NC 28025
      View Details
    • $325,000
      0.18 Acres

      Turnkey Duplex in Downtown Concord

      Remodeled duplex in downtown Concord, ideal for investors or owner-occupants.
      266 Moore Dr NW, Concord, NC 28025
      View Details
    • $499,999
      0.28 Acres

      Triplex Investment Near Downtown Concord

      Triplex with strong rental history near downtown Concord's amenities.
      374 Union St S, Concord, NC 28025
      View Details
    • Contact for pricing

      Bank Branch with Drive Thru

      3,818 SF bank branch on 1.3 acres for sale.
      276 Concord Pkwy South, Concord, NC 28025
      View Details
    • $2,100,000
      21,929 SF

      High Traffic Retail Space

      Retail space with high visibility and updated systems.
      1388 Warren Coleman Blvd, Concord, NC 28025
      View Details
    • $2,000,000
      11,380 SF

      Freestanding Industrial Building For Sale

      11,380 SF industrial building with expansion potential on 1.79 acres.
      4500 Motorsports Dr SW, Concord, NC 28027
      View Details
    • Contact for pricing
      5,300 SF

      Established Entertainment Space For Sale

      Retail investment opportunity in a top North Carolina tourist destination.
      7840 Lyles Ln NW, Concord, NC 28027
      View Details
    • Contact for pricing

      Two Buildings Near Downtown Concord

      Two adjacent commercial buildings suitable for office, medical, or service use.
      729 Church St N, Concord, NC 28025
      View Details
    • Contact for pricing
      4,795 SF

      Office Space Near Afton Ridge

      Office space for sale with nearby amenities and signage.
      5160 Poplar Tent Rd, Concord, NC 28027
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space suitable for salon or spa-related businesses.
    Where is this retail space located?
    The property is located at 556 Newell St NW Concord, NC.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Located just off of Church Street; - Lots of parking available; - Space was formally a Hair Salon
    (336) 937-9123
    Request Owner's contact information
    556 Newell St NW Concord, NC 28025
    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.
    556 Newell St NW
    Concord, NC 28025
    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
    556 Newell St NW Concord, NC 28025
    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

    We can help!
    Listing Contact
    Aubie Cook
    Aubie Cook
    (336) 937-9123 (704) 467-6680 (888) 584-9431
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!