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Property profile & analytics

600 Penny Ln Concord, NC 28025

  • Commercial real estate
  • 1.59 lot acres
Value Estimation
Last Sale
Dec 17, 2021
$230,000
Location Intelligence
Property ID
US53-2296927
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 600 Penny Ln

Lot size
1.59 lot acres
Zone code
C-2
Property type
Commercial real estate
APN
5622 51 2773
APU
5622512773

Description

This exceptional 1.58-acre commercial land parcel is ideally situated at 600 Penny Ln NE, Concord, NC 28025, in Cabarrus County. The property boasts a cleared and level site, perfect for immediate development. Zoned C2, this location offers significant potential for a variety of commercial uses. The asking price is $358,000. Its convenient location within Concord provides easy access to major transportation routes and a thriving local economy. The property's size and zoning make it an attractive investment opportunity for developers and businesses seeking a strategic location to establish or expand their operations. This is a rare opportunity to acquire a sizable, ready-to-develop commercial lot in a desirable area of Concord. The level topography simplifies construction, minimizing site preparation costs and accelerating project timelines. Serious inquiries are encouraged to explore the possibilities this exceptional property presents. The property is located at latitude 35.447699657633336 and longitude -80.59476394920623. Broker co-op is available.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $155,000
  • CAP approach

    CAP return
    Estimation
    6%
    $125,000
    6.5%
    $120,000
    7%
    $110,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $125,000
    Geo Method
    $105,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $115,000
    Retail
    $100,000
    Mixed-Use
    $95,000
    Hospitality
    $130,000
    Educational
    $110,000
    Residential Income
    $110,000
    Energy
    $130,000
    Income-Based Land
    $120,000
    Food Service
    $115,000

Location Insight

  • Map
  • Local Demand
City
Concord
County
Cabarrus
State
North Carolina
Longitude
-80.594
Latitude
35.4478
CBSA code
16740
CBSA name
CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,654
$266,490
$0.00
$266,490
-
$266,490
$0.00
$266,490
More about this property
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