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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
US53-2268090
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2002
Construction
STEEL FRAME
Total area
5,074 SF
Lot
0.12 ac (5,227 SF)
Zoning code
LI
APN
5601 25 7480 0101
UPID
US53-2268090
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
$1.47M
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
by Request
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
4 recorded transactions
Zoning & alternative use
LI · Concord, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+16.2%
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
$1,465,000
CAP Approach
CAP Return
Estimation
6%
$1,195,000
6.5%
$1,105,000
7%
$1,025,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,375,000
Current use
RESTAURANT
$1,595,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$1,120,000
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
$284 / 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
$1,151
Tax year 2024
Assessed value
$407,020
Assessed 2024
Previous assessed
$341,770
+19.1% YoY
Effective rate
0.28%
On assessed value
Assessed land
$46,200
Assessed improvement
$360,820
Land market value
$46,200
Improvement market value
$360,820
Total market value
$407,020
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
Bathrooms
2
Total area
5,074 SF
Lot
0.12 ac (5,227 SF)
Zoning code
LI
APN
5601 25 7480 0101
UPID
US53-2268090
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
$1.4M
RESTAURANT
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
Bathrooms
2
Lot
0.12 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
4 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
Mar 17, 2011
$220,000
Dirty Feet LLC
Wells Fargo Bk NA
Grant Deed
—
Sep 1, 2010
$226,500
Fargo Bk NA Wells
Trste INC
Trustees Deed
related
—
Feb 23, 2007
$226,500
Carolina Premier Holdings LLC
Park West Investments INC
Warranty Deed
$190,000 · Wachovia Bank NA
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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