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    Property profile & analytics

    1516 Concord N Pkwy Concord, NC 28025-8047

    • Hotels
    • 7,937 SF
    • 1.52 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US53-4764699
    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

    • Hotels

    Property Details for 1516 Concord N Pkwy

    Year built
    1940
    Construction
    WOOD
    Lot size
    1.52 lot acres
    Property size
    7,937 SF
    Zone code
    C-2
    Property type
    Hotels
    Property subtype
    Motels
    APN
    5621 19 5237
    APU
    5621195237

    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
    -80.6065
    Latitude
    35.441
    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
    $27,331
    $946,820
    $1,797,220
    $2,744,040
    -
    $946,820
    $1,797,220
    $2,744,040

    Comparable in this City

    • Value Estimation by Request
      50,591 SF

      612 Dickens NE Pl

      HOTEL/MOTEL • 50,591 SF
      612 Dickens NE Pl, Concord, NC 28025-2413
      View Details
    • Value Estimation by Request
      40,100 SF

      80 Transit NW Ct

      HOTEL/MOTEL • 40,100 SF
      80 Transit NW Ct, Concord, NC 28025-0056
      View Details
    • Value Estimation
      $1,500,000
      12,804 SF

      15 Transit NW Ct

      HOTEL/MOTEL • 12,804 SF
      15 Transit NW Ct, Concord, NC 28025-0057
      View Details
    • Value Estimation by Request
      48,158 SF

      580 Dickens NE Pl

      HOTEL/MOTEL • 48,158 SF
      580 Dickens NE Pl, Concord, NC 28025-2448
      View Details
    • Value Estimation by Request
      101.00 Acres

      5650 Miami Church Rd

      Land • 101.00 Acres
      5650 Miami Church Rd, Concord, NC 28025
      View Details
    • Value Estimation by Request
      0.03 Acres

      Market St

      COMMERCIAL (GENERAL) • 0.03 Acres
      Market St, Concord, NC 28025
      View Details

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      Stand-alone commercial building in Concord's high-traffic area, ideal for investors.
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    Similar Nearby for Lease

    • Contact for pricing
      550,000 SF

      Carolina Mall Retail Space For Lease

      High-traffic Concord, NC retail space available.
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    • $15 SF/Yr
      13,200 SF

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    • $2,350,000
      6,728 SF

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      View Details
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      Concord Carwash - Industrial Lease

      1920 sq ft Carwash, Flex Space Available
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      15,900 SF

      Industrial Warehouse with Outside Storage

      Warehouse space with drive-in doors and outside storage.
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      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

    Property Visit Statistics

    • Visits by month
      18.9k
    • Visitors by month
      18.1k
    • Avg Time on site
      61 min
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    1516 Concord N Pkwy
    Concord, NC 28025-8047
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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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