Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turn-Key Restaurant or Office Space Title is generated by Realmo AI

    686 Wilshire Avenue, Concord, NC 28027

    View on Map
    Claim this Listing
    For Sale
    $324,999

    Zoned B-1, turn-key restaurant or office space in Concord.

    Added:
    May 24, 2025
    Days on Market:
    375
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 686 Wilshire Avenue

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    ARLENE DOUGLAS

    Listing agent ARLENE DOUGLAS

    Listing office CENTURY 21 RUCKER REAL ESTATE

    Listing date May 24, 2025

    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 CENTURY 21 RUCKER REAL ESTATE

    HighLights

    • Zoned B‑1, offering diverse business opportunities.
    • Turn‑key restaurant or office space, ready for immediate use.
    • Convenient location in the heart of Concord with high visibility.
    • Outdoor area at the rear, enhancing customer experience.
    • Includes a smoker, ideal for a restaurant business.
    • Proximity to potential customers.

    Overview

    This property, zoned B-1, presents numerous possibilities as a turn-key restaurant or office space in the heart of Concord. It is a neighborhood location where people can enjoy meals and activities in the outdoor area at the rear, which even includes a smoker. Alternatively, it offers an opportunity to establish an office for your own business. The location is convenient to potential clients such as the US Army Reserve Station, the Local Fire Department, Cabarrus County Board of Ed, and EMS. The space is suitable for a local business, bakery, restaurant, private chef, catering site, food truck business, or even expansion for a national chain. This property offers the opportunity to own your own business or restaurant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Healthy Fixins Specialty Food Shop Orange Line Freight Service The Sauce And All That ... Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Similar Places Nearby

    • Pristine Catering & Events — 165 Wilshire Ave SW, Concord, NC 28025

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.5939
    Latitude
    35.3793

    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
    • $344,500

      Turnkey Duplex in High-Demand Location

      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
    • $1,200,000
      21,000 SF

      Well-Maintained Office Building For Sale

      Two-story office building with basement on a large lot.
      745 Cabarrus Ave W, Concord, NC
      View Details
    • $30,000,000
      7,200 SF

      Concord Industrial Investment Opportunity

      Partially leased industrial site with three buildings for sale.
      1190-1450 Ivey Cline Rd, Concord, NC 28027
      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
    • $1,800,000
      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
      View Details

    FAQs

    What type of property is this?
    Restaurant - Zoned B-1, turn-key restaurant or office space in Concord.
    Where is this restaurant located?
    The property is located at 686 Wilshire Avenue Concord, NC.
    What is the asking price?
    The asking price for this property is $324,999.
    What are key features of this property?
    This property features: Zoned B‑1, offering diverse business opportunities.; Turn‑key restaurant or office space, ready for immediate use.; Convenient location in the heart of Concord with high visibility.
    We can help!
    Listing Contact
    ARLENE DOUGLAS
    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
    686 Wilshire Avenue, 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!