Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1 Buffalo Ave Nw305c Concord, NC 28025-4417
    Back to Search
    Property profile & analytics

    1 Buffalo Ave Nw305c, Concord, NC 28025-4417

    View on Map
    • Office Spaces
    • 999 SF
    Off-Market
    Property ID
    US53-1965488
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Locke Mill Plaza / Apartment Complex
    • At the Wheel Driving Academy / Training Center / Vocational School
    • Martin Wesmil Ltd / Training Center / Vocational School
    • Jr Charity League of Concord / Charitable Organization
    • SOLUTIONS ACCOUNTING tax, and consulting llc / Accounting Firm

    Property Details for 1 Buffalo Ave Nw305c

    Year built
    1890
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Zone code
    C-2-CU
    Property type
    Office Spaces
    APN
    5621 61 2006 0184
    APU
    56216120060184

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 8, 2015 $75,000 Results-team Com INC Redman,david & Tammy R Grant Deed —
    — — David Redman — Deed Of Trust · related —
    — — Results-team Com INC — Deed Of Trust · related $75k · Charlotte Foreclosure Solution

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.5893
    Latitude
    35.4188
    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
    $890
    $25,000
    $64,310
    $89,310
    -
    $25,000
    $64,310
    $89,310

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      30 Fenix SW Dr

      OFFICE (GENERAL)
      30 Fenix SW Dr, Concord, NC 28025-5114
      View Details
    • Value Estimation
      $1,815,000
      18,921 SF

      66 Mccachern SE Blvd

      OFFICE (GENERAL)
      66 Mccachern SE Blvd, Concord, NC 28025-3557
      View Details
    • Value Estimation
      $1,080,000
      20,856 SF

      188 Corban SW Ave

      OFFICE (GENERAL)
      188 Corban SW Ave, Concord, NC 28025-5140
      View Details
    • Value Estimation
      $585,000
      3,300 SF

      2807 Armentrout Dr

      OFFICE (GENERAL)
      2807 Armentrout Dr, Concord, NC 28025-5866
      View Details
    • Value Estimation by Request
      800 SF

      1036 Branchview Dr

      CONDOMINIUM OFFICES
      1036 Branchview Dr, Concord, NC 28025-2998
      View Details
    • Value Estimation by Request
      1,520 SF

      1 Buffalo NW Ave, Unit 105R

      CONDOMINIUM OFFICES
      1 Buffalo NW Ave, Concord, NC 28025-4499
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Property Near Major Intersection

      C2 zoned property with redevelopment potential in growing Concord area.
      3550 Us Highway 601, Concord, NC 28025
      View Details
    • Contact for pricing

      Two Buildings Near Downtown Concord

      Two adjacent commercial buildings suitable for office, medical, or service use.
      729 Church St N, Concord, NC 28025
      View Details
    • Contact for pricing
      13,079 SF

      Landmark Building in Downtown Concord

      Former bank building with flexible space and ample parking.
      50 Union St N, Concord, NC 28025
      View Details
    • $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 Ave SE, Concord, NC 28025
      View Details
    • Contact for pricing
      9,996 SF

      Downtown Concord Buildings and Land

      Assemblage of buildings and land in Downtown Concord.
      4 Union St S, Concord, NC 28025
      View Details
    • Contact for pricing

      Commercial Condo Unit in Concord

      Commercial condo unit in downtown Concord, suitable for retail or office.
      1 Buffalo Ave NW, Concord, NC 28025
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      2,400 SF

      Renovated Mill Building Office Space

      Office space in renovated mill building with modern finishes.
      165 Brumley Ave NE, Concord, NC 28025
      View Details
    • Contact for pricing
      8,024 SF

      Office and Warehouse Space Available

      Versatile office, warehouse, and gated lot in Concord, NC.
      829 Davidson Dr NW, Concord, NC 28025
      View Details
    • $22 SF/Yr
      34,412 SF

      Retail/Office Space in Concord, NC

      Versatile retail or office space for lease in Concord.
      2361 Concord Lake Rd, Concord, NC 28025
      View Details
    • $3,250 /Mo
      871 SF

      Downtown Concord Commercial Space Available

      Prime commercial space in the heart of Downtown Concord.
      14 Cabarrus Ave W, Concord, NC 28025
      View Details
    • Contact for pricing
      1,450 SF

      Renovated Retail/Office Space Available

      Market Street facing space ideal for retail or office.
      37 Market St SW, Concord, NC 28025
      View Details
    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.
    1 Buffalo Ave Nw305c
    Concord, NC 28025-4417
    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
    1 Buffalo Ave Nw305c, 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!