Technical
Financial
Distress signals
Property profile

184 Academy NW Ave Concord, NC 28025

OFF-MARKET
Manufacturing properties
Property ID
US53-5257532
72,630 SF 4.53 ac lot Built 1927
Entity Owned 13-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility
  • Big Box & Wholesale Store
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Life Coach
  • Auto Repair Shop

Location

184 Academy NW Ave Concord, NC 28025-4829
Concord metro Census 41902 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2013
5 recorded transactions
2019
Price N/A
2013
$314,000
2009
Price N/A
2007
Price N/A
1969
Price N/A

Zoning & alternative use

I-2 · Concord, NC
Zoning description

The I-2 District is established to provide for areas of heavy and concentrated fabrication, manufacturing and industrial uses which are suitable based upon adjacent land uses, access to transportation and the availabilit…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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