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    Concord Daycare Center For Sale Title is generated by Realmo AI

    1951 Derita Rd, Concord, NC 28027

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    14,590 SF Daycare Center in Concord, NC for sale.

    Type:Retail
    Property size:
    14,590 SF
    Price / SF:
    $171/SF
    Added:
    Oct 31, 2024
    Days on Market:
    580
    Last Refresh:
    May 12 at 8:59 pm

    Property Features for 1951 Derita Rd

    General Information

    Standard status
    Active
    Size
    14,590 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1997

    We can help!

    Listing Contact
    Chip Griffin

    Listing agent Chip Griffin License #343218

    Listing office Avison Young - Charlotte

    Listing date Oct 31, 2024

    Source Crexi

    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 Avison Young - Charlotte

    HighLights

    • Net leased daycare center with a recent 10‑year renewal (January 2022), providing a stabilized, long‑term investment.
    • Tenant has been operating at this location since 2011, demonstrating commitment and stability.
    • Recent capital improvements include repaving and reconfiguring the parking lot and loop access, minimizing future capital expenditures.
    • Located adjacent to Concord Airport & Oakmont Business Parks and minutes from Concord Mills, offering excellent accessibility.
    • Easy access from I‑85 and surrounding neighborhoods.
    • Currently enrolling approximately 175 students with a growing waitlist, indicating strong demand.

    Overview

    This \u00b114,590 SF Daycare Center is located at 1951 Derita Rd in Concord, NC. The property has been in operation since 2011, and the tenant recently renewed their lease for 10 years in January 2022. The facility currently enrolls approximately 175 students. Recent capital improvements include repaving and reconfiguring the parking lot and loop access. The property is located adjacent to the Concord Airport & Oakmont Business Parks and minutes from Concord Mills, with easy access from I-85 and surrounding neighborhoods.
    Property Profile Location Intelligence

    Current Use by Public Records

    Concord Children's Academy Daycare Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Pharmacy

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

    Similar Places Nearby

    • Fun 2B Fit Gymnastics — 1081 Ivey Cline Rd, Concord, NC 28027
    • Woodland Discovery — 8755 Poplar Tent Rd, Concord, NC 28027

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.7183903
    Latitude
    35.3869463

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    FAQs

    What type of property is this?
    Day care center - 14,590 SF Daycare Center in Concord, NC for sale.
    Where is this day care center located?
    The property is located at 1951 Derita Rd Concord, NC.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Net leased daycare center with a recent 10‑year renewal (January 2022), providing a stabilized, long‑term investment.; Tenant has been operating at this location since 2011, demonstrating commitment and stability.; Recent capital improvements include repaving and reconfiguring the parking lot and loop access, minimizing future capital expenditures.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chip Griffin
    Real Estate License ID: 343218
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    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.

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