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Property profile & analytics
OFF-MARKET
Estimated value
$2,675,000
Strip malls
125 Pitts School SW Rd Concord, NC 28027-3916
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-4767139
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2021
Construction
WOOD
Total area
10,349 SF
Lot
2.86 ac (124,625 SF)
Zoning code
C-2
APN
5509 43 4142
UPID
US53-4767139
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.68M
CAP Approach
CAP
$3.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.68M
Owner & transaction history
Sahah Realty & Managemnet LLC · 2 yrs held
Sahah Realty & Managemnet LLC
since 2024
Last sale
$2.7M
4 recorded transactions
Zoning & alternative use
C-2 · Concord, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 display of goods and limited outdoor operations. This district promotes a broad range of commercial operations and services necessary for large r…
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
4,110.05 ac
Source
Realmo
Top alternative use upside
Office building
$2.1M
+479.1%
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
$2,675,000
ML approach
$2,675,000
CAP Approach
CAP Return
Estimation
6%
$3,290,000
6.5%
$3,035,000
7%
$2,820,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,145,000
Change: +479% · Conversion: Moderate
Blend value · Realmo final
$2.68M
Range $2.41M – $2.94M · ±10% · vs last sale $2.68M (Jan 11 2024)
Last sale anchor
$2.68M
Jan 11 2024
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
$258 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$19,899
Tax year 2023
Assessed value
$2,248,890
Assessed 2023
Previous assessed
$2,248,890
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$890,000
Assessed improvement
$1,358,890
Land market value
$890,000
Improvement market value
$1,358,890
Total market value
$2,248,890
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2021
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
10,349 SF
Lot
2.86 ac (124,625 SF)
Zoning code
C-2
APN
5509 43 4142
UPID
US53-4767139
Jurisdiction
CABARRUS
Zoning & alternative use
C-2 · Concord, NCZoning C-2 · permitted uses
C-2 · Concord, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 display of goods and limited outdoor operations. This district promotes a broad range of commercial operations and services necessary for large regions of the County, providing community balance.
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
4,110.05 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.1M
OFFICE 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
2021
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
2.86 ac
Current owner
From public records · entity-resolved
Sahah Realty & Managemnet LLC
Entity
Free & Clear · 2 yrs held
Mailing address
320 CODDLE MARKET DR NW, CONCORD, NC 28027-2413
Ownership since
2024
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
Jan 11, 2024
$2,675,000
Sahah Realty & Managemnet LLC
Settlers Landing Commercial LLC
Warranty Deed
—
Mar 10, 2023
$2,800,000
Bungalow Ventures LLC
Settlers Landing Construction LLC
Warranty Deed
—
Jun 8, 2021
—
Settlers Landing Construction Lcl
Settlers Landing Commercial LLC
Warranty Deed
—
Aug 3, 2018
$700,000
Settlers Landing Coml LLC
JR Developers LLC
Grant Deed
—
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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