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    600 Penny Ln, Unit Concord Concord, NC 28025

    For Sale
    $358,000

    Located near healthcare, retail, and I-85, suited for many uses.

    Property Features for 600 Penny Ln

    General Information

    Standard status
    Active

    Source: RICHARD & ASSOCIATES LLC Agent RICHARD POTTS

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

    Overview

    Concord Medical/Office Property Near I-85

    This property is located a short distance from I-85, near Carolinas HealthCare System NE, a 457-bed acute-care teaching hospital that is home to the Jeff Gordon Children's Center, and near Carolina Mall. It is also situated near multiple medical offices and clinics. The property is suited for many uses, including medical offices and clinics, health, wellness, and fitness offices, and offices for attorneys, CPAs, insurance, and real estate. Small apartments for medical personnel stayovers and hospital visitors are another potential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Similar Places Nearby

    Whiskers and Paws Veterinary Wellness Clinic

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.5943868
    Latitude
    35.4477574

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    FAQs

    What type of property is this?
    Medical office - Located near healthcare, retail, and I-85, suited for many uses.
    Where is this medical office located?
    The property is located at 600 Penny Ln, Unit Concord Concord, NC.
    What is the asking price?
    The asking price for this property is $358,000.
    What are key features of this property?
    This property features: - Ideal location near Carolinas HealthCare System NE and multiple medical offices/clinics.; - Suited for various uses including medical offices, health/wellness, and general business offices.; - Potential for small apartments catering to medical personnel or hospital visitors.
    (704) 796-8284
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    600 Penny Ln, Unit Concord 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
    600 Penny Ln, Unit Concord Concord, NC 28025
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