Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1215 Concord N Pkwy Concord, NC 28025-4325

    • Strip malls
    • 21,836 SF
    • 7.32 lot acres
    OFF-MARKET
    Last Sale
    Feb 02, 2022
    Value Estimations
    $1,000,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4042446
    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.

    Current Use by Public Records

    • FedEx Drop Box / Postal Service / Courier Service
    • Rush My Passport / (Bike/Boat/Book/etc) Store
    • FedEx Office Print & Ship Center / Courier Service / Postal Service
    • Digital Forensics Corp / IT Consulting Firm / Tech Support Center

    Property Details for 1215 Concord N Pkwy

    Year built
    1996
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.32 lot acres
    Property size
    21,836 SF
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    5621 16 6186
    APU
    5621166186

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $940,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,059,000
      Market price range: $532k - $1.06M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $730,000
      Current use
      AUTO REPAIR, GARAGE
      $1,645,000
      Change: +126% Conversion: Difficult
      RESTAURANT
      $1,510,000
      Change: +107% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,105,000
      Change: +51% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,005,000
      Change: +38% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.6058
    Latitude
    35.4324
    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
    $78,765
    $3,390,080
    $4,518,020
    $7,908,100
    -
    $3,390,080
    $4,518,020
    $7,908,100

    Comparable in this City

    • Value Estimation by Request
      9,840 SF

      1497 Concord N Pkwy

      SHOPPING CENTER, STRIP CENTER • 9,840 SF
      1497 Concord N Pkwy, Concord, NC 28025-0820
      View Details
    • Value Estimation by Request
      17,890 SF

      2353 Concord Lk Rd Ste, Unit 160

      SHOPPING CENTER, STRIP CENTER • 17,890 SF
      2353 Concord Lk Rd Ste, Concord, NC 28025-2892
      View Details
    • Value Estimation
      $675,000
      30,228 SF

      970 Branchview NE Dr

      SHOPPING CENTER, STRIP CENTER • 30,228 SF
      970 Branchview NE Dr, Concord, NC 28025-2208
      View Details
    • Value Estimation by Request
      8,768 SF

      51 Cabarrus W Ave

      SHOPPING CENTER, STRIP CENTER • 8,768 SF
      51 Cabarrus W Ave, Concord, NC 28025-5141
      View Details
    • Value Estimation by Request
      6,339 SF

      791 Davidson NW Dr

      SHOPPING CENTER, STRIP CENTER • 6,339 SF
      791 Davidson NW Dr, Concord, NC 28025-4378
      View Details
    • Value Estimation by Request
      10,216 SF

      1044 Copperfield NE Blvd

      SHOPPING CENTER, STRIP CENTER • 10,216 SF
      1044 Copperfield NE Blvd, Concord, NC 28025-2461
      View Details

    Similar Nearby for Sale

    • $650,000
      0.63 Acres

      Commercial Building in High-Traffic Area

      Stand-alone commercial building in Concord's high-traffic area, ideal for investors.
      225 SE Branchview Dr SE, Concord, NC 28025
      View Details
    • $74,000

      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
    • $799,900
      0.49 Acres

      Concord Retail Building - High Visibility

      Historic Charm, Endless Potential, Prime Location
      292 Church St, Concord, NC 28025
      View Details
    • $695,000

      Turnkey Auto Repair Shop For Sale

      Established auto repair shop with real estate in Concord, North Carolina.
      347 Wilshire Ave, Concord, NC 28025
      View Details
    • $74,900

      Commercial Condo Unit in Concord

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

      Bank Branch with Drive Thru

      3,818 SF bank branch on 1.3 acres for sale.
      276 Concord Pkwy South, Concord, NC 28025
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Carolina Mall Retail Opportunity

      Former Sears available for lease in Carolina Mall.
      1480 Concord Pkwy North, Concord, NC 28025
      View Details
    • Contact for pricing
      550,000 SF

      Carolina Mall Retail Space For Lease

      High-traffic Concord, NC retail space available.
      1480 Concord Pkwy, Concord, NC 28025
      View Details
    • Contact for pricing
      1,690 SF

      Downtown Concord Commercial Office/Retail Space

      Renovated 1,690 sq ft office/retail space in historic downtown Concord.
      159 Church St NE, Concord, NC 28025
      View Details
    • $23 SF/Yr
      3,549 SF

      Downtown Retail/Office Space Available

      Highly visible space in Concord's revitalized downtown area.
      30 S Union St, Concord, NC 28025
      View Details
    • $23 SF/Yr
      1,450 SF

      Renovated Retail/Office Space Available

      Market Street facing space ideal for retail or office.
      42 Union St S, Concord, NC 28025
      View Details
    • $24 SF/Yr
      3,600 SF

      Restaurant Space in Downtown Concord

      Second-generation restaurant space in revitalized downtown Concord.
      16-20 Union St S, 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.
    1215 Concord N Pkwy
    Concord, NC 28025-4325
    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

    Google sign-in failed. Please try again or use another login method.