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

    Christenbury Pkwy Concord, NC 28027

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Mixed-use development near Concord Mills with retail and multifamily.

    Type:Retail
    Property size:
    115,959 SF
    Added:
    Feb 21, 2023
    Days on Market:
    1154
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for Christenbury Pkwy

    General Information

    Standard status
    Active
    Size
    115,959 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2023

    Spaces For Lease

    at Christenbury Pkwy Contact us

    We can help!

    Listing Contact
    Joey Morganthall

    Listing agent Joey Morganthall License #NC 264060

    Listing office MPV Properties

    Listing date Feb 21, 2023

    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 MPV Properties

    Overview

    Mixed-Use Development Near Concord Mills

    This mixed-use development offers approximately 115,959 square feet of space and is located within one mile of Concord Mills and I-85. Delivered in 2024, the property is anchored by Lowes Foods, which is currently open. The site benefits from high visibility on Christenbury Parkway. Building and monument signage options are available. Current tenants include Lowes Foods, Heartland Dental, Woof Gang Bakery & Grooming, Fleet Feet, My Salon Suite, and Haraz Coffee House. The multifamily component of the development is scheduled for delivery in the Summer of 2025. The location has approximately 50,000 residents within a three-mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.7312376
    Latitude
    35.3755865

    Nearby Similar for Lease

    • Contact for pricing

      Downtown Concord Commercial Space Available

      Prime commercial space in the heart of Downtown Concord.
      14 Cabarrus Avenue W, Concord, NC 28025
      View Details
    • $30/mo

      Retail/Office Space For Lease

      Versatile retail or office space in a high-traffic commercial district.
      2361 Concord Lake Road, Concord, NC 28025
      View Details
    • $22/mo

      Premier Retail-Office Space Near Mall

      Class A retail and office space near Concord Mills Mall.
      8415 Pit Stop Court, Concord, NC 28027
      View Details
    • Contact for pricing

      Professional Coworking Space in Concord

      Turn-key coworking space with amenities in downtown Concord.
      57 Union St S, Concord, NC
      View Details
    • $23/mo

      Downtown Retail/Office Space Available

      Highly visible space in Concord's revitalized downtown area.
      30 S Union St, Concord, NC
      View Details
    • Contact for pricing

      Neighborhood Center Anchored by Harris Teeter

      67,466 SF neighborhood center in Concord, North Carolina.
      9900 Poplar Tent Road, Concord, NC 28027
      View Details
    • Contact for pricing

      Carolina Mall Retail Opportunity

      Former Sears available for lease in Carolina Mall.
      1480 Concord Parkway North, Concord, NC 28025
      View Details
    • Contact for pricing

      Retail Site Near Concord Mills

      Retail site with freeway visibility and strong traffic counts.
      8455 Pit Stop Ct NW, Concord, NC 28027
      View Details
    • Contact for pricing

      Retail Center Anchored by Harris Teeter

      79,579 SF retail center in Concord, North Carolina.
      5151 Poplar Tent Road, Concord, NC 28027
      View Details
    • Contact for pricing

      Retail Space Near Concord Mills

      Retail property with high visibility near Concord Mills and I-85.
      8660 Concord Mills Blvd, Concord, NC 28027
      View Details
    • Contact for pricing

      Downtown Concord Full-Floor Office

      Full-floor office suite in Downtown Concord with private offices.
      19 Union St N, Concord, NC 28025
      View Details
    • $22/mo

      New Office Building For Rent

      Newly constructed office building with spaces available for rent.
      2339 Odell School Rd, Concord, NC
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use development near Concord Mills with retail and multifamily.
    Where is this mixed-use property located?
    The property is located at Christenbury Pkwy Concord, NC.
    What are key features of this property?
    This property features: Anchored by Lowes Foods, drawing consistent customer traffic.; ±115,959 SF mixed‑use development offering diverse business opportunities.; Located within 1 mile of Concord Mills and I‑85 providing excellent accessibility.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joey Morganthall
    Real Estate License ID: NC 264060
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!