Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Hillcrest Neighborhood Title is generated by Realmo AI

    Eastover Drive SE, Concord, NC 28025

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at Eastover Drive SE, Concord, NC
    For Sale
    $70,000

    LAND - Concord, NC

    Lot size:
    0.93 Acres
    Added:
    Apr 6, 2026
    Days on Market:
    59
    Last Refresh:
    Jun 3 at 9:06 am

    Property Features for Eastover Drive SE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SFR
    Standard status
    Active
    APN
    56303649430000
    Lot size
    0.93 Acres

    Taxes and HOA fees

    Tax Description
    EAST SIDE EASTOVER DR

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Carrie Craver

    Listing agent Carrie Craver License #270396

    Listing office Southern Homes of the Carolinas, Inc 19900 W Catawba Ave, Suite 206, Cornelius, NC

    Listing date Apr 6, 2026

    MLS# 4366389 Listing URL

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Highly desirable Hillcrest neighborhood location.
    • Large wooded lot (approx. 0.93 acres).
    • Walking distance to Downtown Concord shops and restaurants.
    • Suitable for a basement home plan.
    • Public sewer connection available.
    • Specific location between 231 and 281 Eastover Drive.

    Overview

    This wooded lot, situated in the Hillcrest neighborhood, measures approximately 0.93 acres. Its location offers convenient access to Downtown Concord, with its variety of shops and restaurants. The lot is suitable for constructing a basement home. It is located between 231 and 281 Eastover Drive in Concord, North Carolina.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.606447
    Latitude
    35.430746

    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
    • $1,150,000

      Highway Frontage Commercial Land

      Commercial land with highway frontage and C2 zoning.
      4221 Davidson Highway, Concord, NC 28027
      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
    • $300,000

      Concord Land in Residential Setting

      1.39-acre leveled lot in desirable residential area.
      4483 Pebblebrook Circle SW, Concord, NC 28027
      View Details
    • $275,000

      Commercial Lot in Concord, NC

      0.66-acre commercial lot zoned C-2 in Concord, North Carolina.
      Rock Hill Church Road, Concord, NC 28027
      View Details
    • $468,300

      Estate-Sized Lots on Gold Hill

      Spacious lots for dream home, minutes from town conveniences.
      Gold Hill Road lot: 4, Concord, NC 28025
      View Details
    • $518,400

      Estate-Sized Lots on Gold Hill

      Spacious lots for dream homes, close to town conveniences.
      Gold Hill Road lot: 5, Concord, NC 28025
      View Details
    • $6,000,000

      Prime Commercial Development Site Concord

      17-acre commercial site near downtown Concord and Charlotte.
      3560-C US Highway 601 S, Concord, NC 28025
      View Details
    • $359,000

      Fully Renovated Duplex

      Turnkey two-unit income property with both units occupied and recently renovated exterior and interiors.
      15 Brookwood Avenue NW, Concord, NC 28025
      View Details
    • $250,000

      3.5 Acres Wooded Land

      Wooded 3.5-acre lot suitable for a custom home.
      Heglar Road, Concord, NC 28025
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Wooded lot near Downtown Concord, perfect for a basement home.
    Where is this residential land & home lot located?
    The property is located at Eastover Drive SE Concord, NC.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: Highly desirable Hillcrest neighborhood location.; Large wooded lot (approx. 0.93 acres).; Walking distance to Downtown Concord shops and restaurants.
    (980) 521-4104
    We can help!
    Listing Contact
    Carrie Craver
    Real Estate License ID: 270396
    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
    Eastover Drive SE, Concord, NC 28025
    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!