Property profile

1090 Vinehaven NE Dr Concord, NC 28025

OFF-MARKET
Medical Office Space
Property ID
US53-1798486
5,658 SF 0.6 ac lot Built 2004
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,390 square foot medical office building, located at 1090 Vinehaven Dr NE in Concord, NC, presents a compelling investment opportunity. Built in 2004, the Class B property sits on a 0.6-acre lot and boasts a desirable C-2 zoning classification. Currently 100% occupied by Atrium Health Weight Management -Concord (a tenant since 2011), the building generates a strong net operating income (NOI) of $94,408, representing a 6.50% capitalization rate on the asking price of $1,452,500. The current lease expires in July 2026, however, negotiations are underway for an early lease extension through 2036, with renewal options and a potential shift to an absolute net lease structure. This long-term lease provides exceptional stability and predictable cash flow. The property features one story and is offered fee simple. This is a rare opportunity to acquire a well-located, high-performing medical office building with significant upside potential in a thriving market. The property's strong tenant history, favorable lease terms, and attractive cap rate make it an ideal addition to any investment portfolio. The Cabarrus County location and convenient access further enhance its appeal. The property's APN is 56228746630000.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2004
Construction WOOD
Total area 5,658 SF
Lot 0.6 ac (26,136 SF)
Zoning code C-2
APN 5622 87 4663
UPID US53-1798486

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Weight Loss Service
  • Physician
  • Physician
  • Weight Loss Service Medical Clinic
  • Physician

Location

1090 Vinehaven NE Dr Concord, NC 28025-2438
Concord metro Census 42401 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.19M
Comparable Approach Comparable
by Request
Blend (final) Blend
$895k

Owner & transaction history

since 2025
1 recorded transaction
2025
$1.3M

Zoning & alternative use

C-2 · Concord, NC
Zoning description

The C-2 District is established to provide areas for general commercial activities designed to serve the community such as shopping centers, repair shops, wholesale businesses, and retail sales with limited outdoor displ…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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