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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Manufacturing properties
184 Academy NW Ave, Concord, NC 28025-4829
Entity Owned
13-yr Hold
Free & Clear
Property ID
US53-5257532
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1927
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
72,630 SF
Lot
4.53 ac (197,327 SF)
Zoning code
I-2
APN
5620 58 4994
UPID
US53-5257532
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
Current use
Occupant on record · Public records
-
IBD Outdoor Rooms Industrial Manufacturer Production Facility
-
CabTex Fabrics LLC Big Box & Wholesale Store
-
PPWix Website Services|Website Design|Credit Card Processing|Concord NC Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Sheryl Isenhour Coach CVC Life Coach
-
Ramdeen Automotive Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$920k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.20M
Owner & transaction history
Thirds Academy Property LLC · 13 yrs held
Thirds Academy Property LLC
since 2013
5 recorded transactions
Zoning & alternative use
I-2 · Concord, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±10%
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
$16 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$25,526
Tax year 2024
Assessed value
$2,562,890
Assessed 2024
Previous assessed
$650,200
+294.2% YoY
Effective rate
1.00%
On assessed value
Assessed land
$431,640
Assessed improvement
$2,131,250
Land market value
$431,640
Improvement market value
$2,131,250
Total market value
$2,562,890
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1927
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
AC.PACKAGE
Stories
1
Bathrooms
6
Total area
72,630 SF
Lot
4.53 ac (197,327 SF)
Zoning code
I-2
APN
5620 58 4994
UPID
US53-5257532
Jurisdiction
CABARRUS
Zoning & alternative use
I-2 · Concord, NC
Zoning I-2 · permitted uses
I-2 · Concord, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Concord. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1927
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
Yes
Stories
1
Bathrooms
6
Lot
4.53 ac
Current owner
From public records · entity-resolved
Thirds Academy Property LLC
Entity
Free & Clear · 13 yrs held
Mailing address
3510 CARMEL RD, CHARLOTTE, NC 28226-7044
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2019
—
Thirds Academy Property LLC
—
Deed
related
$242,014 · Aquesta Bk
Jun 26, 2013
$314,000
Thirds Academy Property LLC
Concord Mill Investments LLC
Warranty Deed
—
Dec 30, 2009
—
Concord Mill Investments LLC
Schowald Investments LLC
Grant Deed
related
—
Jul 10, 2007
—
Concord Realty Partnership LLC
Commissioner Of Cabarrus County
Trustees Deed
related
—
—
—
Thirds Academy Property LLC
—
Loan Modification
related
$242,014 · Aquesta Bk
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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