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Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Industrial properties
1165 Biscayne Dr, Concord, NC 28027-8403
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0667379
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2002
Construction
STEEL FRAME
Total area
4,042 SF
Lot
0.09 ac (3,920 SF)
Zoning code
LI
APN
5601 25 7480 0103
UPID
US53-0667379
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
-
Ferguson Plumbing Supply Factory Metal Fabrication Plant
-
Staging Depot Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.48M
CAP Approach
CAP
$880k
Comparable Approach
Comparable
$950k
Blend (final)
Blend
$1.44M
Owner & transaction history
Gpp 1161 Biscayne LLC · 4 yrs held
Gpp 1161 Biscayne LLC
since 2022
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
LI · Concord, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,575,000
ML approach
$1,480,000
CAP Approach
CAP Return
Estimation
6%
$955,000
6.5%
$880,000
7%
$815,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,095,000
Current use
MEDICAL BUILDING
$895,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±10% · vs last sale $1.88M (Apr 11 2022)
Last sale anchor
$1.88M
Apr 11 2022
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
$356 / 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
$904
Tax year 2024
Assessed value
$515,770
Assessed 2024
Previous assessed
$414,450
+24.4% YoY
Effective rate
0.18%
On assessed value
Assessed land
$36,300
Assessed improvement
$479,470
Land market value
$36,300
Improvement market value
$479,470
Total market value
$515,770
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
1
Bathrooms
1
Total area
4,042 SF
Lot
0.09 ac (3,920 SF)
Zoning code
LI
APN
5601 25 7480 0103
UPID
US53-0667379
Jurisdiction
CABARRUS
Zoning & alternative use
LI · Concord, NC
Zoning LI · permitted uses
LI · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$895,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
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
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Gpp 1161 Biscayne LLC
Entity
Mailing address
1 DOVERTON DR, GREENWICH, CT 06831-3315
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2022
$1,880,000
Gpp 1161 Biscayne LLC
Dirty Feet LLC
Special Warranty Deed
$1,261,771 · First Horizon Bank
Apr 11, 2022
—
Gpp 1161 Biscayne LLC
Dirty Feet LLC
Deed
—
May 17, 2018
—
Dirty Feet LLC
—
Deed
related
$750,000 · Td Bk NA
Jan 20, 2011
$115,000
Dirty Feet LLC
Farmers & Merchants Bk Of Granite
Grant Deed
—
Nov 19, 2009
—
Farmers & Merchants Bk Of Granite
Carolina Premier Holdings LLC
Quit Claim Deed
related
—
Sep 4, 2009
$1,829,921
Farmers & Merchants Bk Of Granite
Sayers,donald D
Trustees Deed
related
—
Mar 5, 2007
$278,000
Carolina Premier Holdings LLC
Park West Investments INC
Warranty Deed
related
—
—
—
Dirty Feet LLC
—
Deed Of Trust
related
$620,000 · Branch Banking & Trust Co
—
—
Dirty Feet LLC
—
Deed Of Trust
related
$750,000 · Td Bk NA
—
—
Dirty Feet LLC
—
Deed Of Trust
related
$35,000 · Branch Banking & Trust Co
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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