Entity Owned 
For Sale
$975,000
16024 Davidson Concord Rd, Davidson, NC 28036
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1908
Total area
2,103 SF
Lot
2.81 ac (122,578 SF)
Zoning code
NG
APN
747106
UPID
US53-2203919
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
$605k
Comparable Approach
Comparable
$608k
Blend (final)
Blend
$635k
Owner & transaction history
since 2022
Last sale
$475,000
2 recorded transactions
Zoning & alternative use
NG · Davidson, NC
Zoning description
The Neighborhood General Planning Area is established to accommodate medium density development with a variety of housing types within cohesive neighborhoods in close walking or biking proximity to Davidson planned mixed…
General category
MIXED_USE
Top alternative use upside
Medical building
$760,000
+8.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 19 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$635k
Value range
$572k – $699k
±10% around blend
Estimated value / SF
$302 / SF
Confidence
High
19 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$572k
blend $635k
$699k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,103 SF
Lot area
2.81 ac
Year built
1908
Stories
2
APN
747106
Zoning
NG
Assessed value
$465,400
3
Income approach: direct capitalization
Partial preview
Income approach indication
$605k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$655k
@ 6.5% CAP return
$605k
@ 7% CAP return
$560k
4
Sales comparison
Partial preview
Sales approach indication
$813k
Weighted, 19 comps · high confidence
Evidence
19 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
15.7 mi away · 2,430 SF
16.2 mi away · 2,076 SF
16.6 mi away · 2,586 SF
16.6 mi away · 2,717 SF
16.8 mi away · 1,898 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$635k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 28 sales
$333
-9%
Submarket 28 sales
$333
-9%
County 1075 sales
$354
-15%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $302/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+9%
vs current-use indication
Office Building · current use
Retail Stores
Neighborhood: Shopping Center
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 19 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
6.20%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.20%
9.0%
NOI (est.)
$33k *
Last sale · Jun 2022
$475k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$536k
Move the market yield to see immediate price impact.
Value / SF
$255
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.70%6.20%6.70%
$30k
$525k
$483k
$447k
$33k
$583k
$536k
$496k
$37k
$642k
$590k
$546k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
19 found
High confidence · county-verified
Closest comparable
$442k
10.0 mi · Dec 2025 · $263/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$465,400
Assessed 2024
Previous assessed
$470,400
-1.1% YoY
Assessed land
$300,800
Assessed improvement
$164,600
Land market value
$300,800
Improvement market value
$164,600
Total market value
$465,400
Applied tax rate
23.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1908
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Bathrooms
1
Total area
2,103 SF
Lot
2.81 ac (122,578 SF)
Zoning code
NG
APN
747106
UPID
US53-2203919
Jurisdiction
MECKLENBURG
Zoning & alternative use
NG · Davidson, NCZoning NG · permitted uses
NG · Davidson, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The Neighborhood General Planning Area is established to accommodate medium density development with a variety of housing types within cohesive neighborhoods in close walking or biking proximity to Davidson planned mixed…
General category
MIXED_USE
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1908
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Bathrooms
1
Lot
2.81 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
NG
MIXED_USE
Jurisdiction
Davidson, NC
Recorded code
NG
Official district
NG
Official district profile
What the municipal code says about NG
Zoning description
The Neighborhood General Planning Area is established to accommodate medium density development with a variety of housing types within cohesive neighborhoods in close walking or biking proximity to Davidson planned mixed…
General category
MIXED_USE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for NG in Davidson, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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