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    Property profile & analytics

    1240 Concord N Pkwy Concord, NC 28025-4326

    • Turn key restaurants
    • 6,743 SF
    • 1.75 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 11, 2024
    Location Intelligence
    Property ID
    US53-4811923
    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

    • Aubeta Networks / Telecommunications Contractor
    • Applebee's Grill + Bar / Steak House / Traditional American Restaurant

    Property Details for 1240 Concord N Pkwy

    Year built
    1995
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.75 lot acres
    Property size
    6,743 SF
    Zone code
    C-2
    Property type
    Turn key restaurants
    APN
    5621 25 1922
    APU
    5621251922

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.6043
    Latitude
    35.4317
    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
    $27,496
    $1,981,980
    $778,620
    $2,760,600
    -
    $1,981,980
    $778,620
    $2,760,600

    Comparable in this City

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      1010 Vinehaven NE Dr

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      $400,000
      4,472 SF

      235 Branchview SE Dr

      RESTAURANT • 4,472 SF
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      5,817 SF

      1170 Copperfield NE Blvd

      RESTAURANT • 5,817 SF
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      11,414 SF

      1540 Concord N Pkwy

      RESTAURANT • 11,414 SF
      1540 Concord N Pkwy, Concord, NC 28025-8047
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    • Value Estimation by Request
      3,999 SF

      570 Lk Concord NE Rd

      RESTAURANT • 3,999 SF
      570 Lk Concord NE Rd, Concord, NC 28025
      View Details

    Similar Nearby for Sale

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      Bank Branch with Drive Thru

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    • $325,000
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      Commercial Space in Concord, NC

      Commercial space suitable for retail or service businesses.
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    • $799,900
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      Concord Retail Building - High Visibility

      Historic Charm, Endless Potential, Prime Location
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      Turnkey Auto Repair Shop For Sale

      Established auto repair shop with real estate in Concord, North Carolina.
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    Similar Nearby for Lease

    • $25 SF/Yr
      2,092 SF

      Restaurant or Event Space Available

      Restaurant or event space with skyline views and outdoor area.
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      View Details
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      1,450 SF

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      Market Street facing space ideal for retail or office.
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      8,800 SF

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      Former bank building with flexible space and ample parking.
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    • $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
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    • Contact for pricing
      550,000 SF

      Carolina Mall Retail Space For Lease

      High-traffic Concord, NC retail space available.
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    • 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
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    Concord, NC 28025-4326
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    Realmo Value Estimation

    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.

    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.

    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
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