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Property profile & analytics
OFF-MARKET
Estimated value
$28,090,000
Warehouses
1020 Derita Rd, Concord, NC 28027-3669
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-4742176
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2017
Construction
STEEL FRAME
Total area
304,134 SF
Lot
20.06 ac (873,639 SF)
Zoning code
I-2-CD
APN
4680 64 9559
UPID
US53-4742176
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Advanced Innovative Technology Warehouse & Storage
-
West Logistics Concord Warehouse Warehouse & Storage
-
Celgard Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$28.12M
Blend (final)
Blend
$28.09M
Owner & transaction history
B10 1020 Derita Owner LP
B10 1020 Derita Owner LP
since 2025
Last sale
$36.5M
1 recorded transaction
Zoning & alternative use
I-2-CD · Concord, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$43.8M
+40.2%
Retail stores
$40.2M
+28.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Concord submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Concord submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$31,215,000
Current use
AUTO REPAIR, GARAGE
$43,770,000
Change: +40% · Conversion: Easy
RETAIL STORES
$40,235,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$28.09M
Range $25.28M – $30.90M · ±10% · vs last sale $36.54M (Oct 3 2025)
Last sale anchor
$36.54M
Oct 3 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$92 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$287,701
Tax year 2024
Assessed value
$28,885,630
Assessed 2024
Previous assessed
$19,982,580
+44.6% YoY
Effective rate
1.00%
On assessed value
Assessed land
$2,990,070
Assessed improvement
$25,895,560
Land market value
$2,990,070
Improvement market value
$25,895,560
Total market value
$28,885,630
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
304,134 SF
Lot
20.06 ac (873,639 SF)
Zoning code
I-2-CD
APN
4680 64 9559
UPID
US53-4742176
Jurisdiction
CABARRUS
Zoning & alternative use
I-2-CD · Concord, NC
Zoning I-2-CD · permitted uses
I-2-CD · Concord, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Concord. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$31.2M
AUTO REPAIR, GARAGE
Est. value
$43.8M
RETAIL STORES
Est. value
$40.2M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
20.06 ac
Current owner
From public records · entity-resolved
B10 1020 Derita Owner LP
Entity
Free & Clear · 0 yrs held
Mailing address
195 MORRISTOWN RD, BASKING RIDGE, NJ 07920-1650
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2025
$36,541,000
B10 1020 Derita Owner LP
Sl 1020 Derita Road LLC
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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