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    990 Lee-Ann Dr Concord, NC 28025

    Sponsored
    For Sale
    $1,700,000

    Prime Concord Office, Owner-Occupant Potential

    Property size:
    6,587 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A office building, located at 990 Lee-Ann Drive in Concord, NC, presents a compelling investment opportunity. The 6,587 square foot, two-story building sits on 0.77 acres and boasts a desirable C-1 zoning. Currently 70% occupied, with a tenant (Younce CPA) under lease until June 2028, occupying 4,737 square feet, this property offers immediate income potential. The first floor features 1,850 square feet of rentable space, ideal for an owner-occupant. The recently renovated second floor includes new carpeting, paint, a modern kitchen, and updated restrooms. Multiple points of entry provide convenient access for both tenants and the owner. The layout is highly functional, encompassing numerous private offices, two large conference rooms, and two separate breakrooms. Situated minutes from Carolina Mall, Atrium Health Cabarrus, and a variety of retail and dining options, this property enjoys excellent visibility and accessibility. Its prime location offers easy access to I-85 and Concord Parkway (Highway 29), placing it within a 30-minute commute of Charlotte's city center. Built in 1986, this stabilized investment is priced at $1,700,000, with a price per square foot of $258.08. The property is offered as a NNN lease. This is a rare opportunity to acquire a well-maintained, income-producing office building in a thriving Concord location.

    Property Features for 990 Lee-Ann Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    6,587 SF
    Class
    A

    Building Details

    Buildings
    1
    Stories
    2

    HighLights

    • Class A office building, 6,587 SF, on 0.77 acres in Concord, NC.
    • 70% occupied, with a lease in place until June 2028.
    • First floor offers 1,850 SF of rentable space, ideal for owner‑occupancy.
    • Recently renovated second floor with new carpeting, paint, kitchen, and restrooms.
    • Prime location near I‑85, Concord Parkway, Carolina Mall, and Atrium Health Cabarrus.
    • $1,700,000 asking price ($258.08/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.5972411
    Latitude
    35.443285

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Concord Office, Owner-Occupant Potential
    Where is this office property / space located?
    The property is located at 990 Lee-Ann Dr Concord, NC.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Class A office building, 6,587 SF, on 0.77 acres in Concord, NC.; 70% occupied, with a lease in place until June 2028.; First floor offers 1,850 SF of rentable space, ideal for owner-occupancy.
    (704) 561-5275
    Request Owner's contact information
    990 Lee-Ann Dr Concord, NC 28025
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    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
    990 Lee-Ann Dr Concord, NC 28025
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