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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1508 Concord N Pkwy Concord, NC 28025-8047

    • Grocery and convenience stores
    • 0.15 lot acres
    OFF-MARKET
    Last Sale
    Jul 20, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4763141
    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

    • Tony Best Plumber Of Concord NC Co. / Plumbing Service / General Contractor
    • Wendy's / Restaurant / Take-out & Catering

    Property Details for 1508 Concord N Pkwy

    Lot size
    0.15 lot acres
    Zone code
    C-2
    Property type
    Grocery and convenience stores
    APN
    5621 18 5963
    APU
    5621185963

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.6063
    Latitude
    35.44
    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
    $918
    $92,190
    $0.00
    $92,190
    -
    $92,190
    $0.00
    $92,190

    Comparable in this City

    • Value Estimation
      $6,360,000
      35,313 SF

      860 Un S St

      GROCERY, SUPERMARKET • 35,313 SF
      860 Un S St, Concord, NC 28025-5731
      View Details
    • Value Estimation by Request
      3,350 SF

      223 Cabarrus W Ave

      CONVENIENCE STORE • 3,350 SF
      223 Cabarrus W Ave, Concord, NC 28025-5145
      View Details
    • Value Estimation
      $1,990,000
      6,786 SF

      750 Hwy 49th S

      CONVENIENCE STORE • 6,786 SF
      750 Hwy 49th S, Concord, NC 28025-9280
      View Details
    • Value Estimation by Request
      4,751 SF

      540 Lk Concord NE Rd

      CONVENIENCE STORE • 4,751 SF
      540 Lk Concord NE Rd, Concord, NC 28025-2926
      View Details
    • Value Estimation by Request
      3,721 SF

      1110 Un S St

      CONVENIENCE STORE • 3,721 SF
      1110 Un S St, Concord, NC 28025-5808
      View Details
    • Value Estimation by Request
      9,524 SF

      1002 Holden SW Ave

      CONVENIENCE STORE • 9,524 SF
      1002 Holden SW Ave, Concord, NC 28025-7270
      View Details

    Similar Nearby for Sale

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      0.63 Acres

      Commercial Building in High-Traffic Area

      Stand-alone commercial building in Concord's high-traffic area, ideal for investors.
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      High Traffic Retail Space

      Retail space with high visibility and updated systems.
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    • $74,900

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      Commercial condo unit in downtown Concord, suitable for retail or office.
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    • 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
    • $325,000
      0.25 Acres

      Commercial Space in Concord, NC

      Commercial space suitable for retail or service businesses.
      556 Newell St NW, Concord, NC 28025
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    • $1,300,000
      2,538 SF

      Retail Property in Concord, NC

      Retail space available for sale in Concord, North Carolina.
      271 Copperfield Blvd NE, Concord, NC 28025
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    Similar Nearby for Lease

    • 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
      1,450 SF

      Renovated Retail/Office Space Available

      Market Street facing space ideal for retail or office.
      42 Union St S, Concord, NC 28025
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    • $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
    • $30 SF/Yr
      34,412 SF

      Retail/Office Space For Lease

      Versatile retail or office space in a high-traffic commercial district.
      2361 Concord Lake Rd, Concord, NC 28025
      View Details
    • Contact for pricing
      8,800 SF

      Landmark Building in Downtown Concord

      Former bank building with flexible space and ample parking.
      50 Union St N, 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

    Property Visit Statistics

    • Visits by month
      15.1k
    • Visitors by month
      0
    • Avg Time on site
      12 min
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    1508 Concord N Pkwy
    Concord, NC 28025-8047
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    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
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