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    Property profile & analytics

    189 George W Liles NW Pkwy Concord, NC 28027-9039

    • Auto shops
    • 6,844 SF
    • 1.50 lot acres
    OFF-MARKET
    Last Sale
    Feb 27, 2020
    $2,320,000
    Value Estimations
    $2,215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4744361
    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

    • Auto shops

    Property Details for 189 George W Liles NW Pkwy

    Year built
    2018
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.50 lot acres
    Property size
    6,844 SF
    Zone code
    C2-CD
    Property type
    Auto shops
    APN
    5600 53 4486
    APU
    5600534486

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,280,000
      ML approach
      $1,945,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,505,000
      Market price range: $413k - $1.51M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,395,000
      RESTAURANT
      $2,150,000
      COMMERCIAL (GENERAL)
      $1,850,000
      MEDICAL BUILDING
      $1,515,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.6595
    Latitude
    35.3968
    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
    $28,495
    $1,444,010
    $1,416,960
    $2,860,970
    -
    $1,444,010
    $1,416,960
    $2,860,970

    Comparable in this City

    • Value Estimation
      $6,950,000
      163,494 SF

      3035 New Town SW Way

      AUTO REPAIR, GARAGE • 163,494 SF
      3035 New Town SW Way, Concord, NC 28027-9041
      View Details
    • Value Estimation by Request
      12,872 SF

      650 Concord N Pkwy

      AUTO REPAIR, GARAGE • 12,872 SF
      650 Concord N Pkwy, Concord, NC 28027-6034
      View Details
    • Value Estimation
      $620,000
      13,504 SF

      1300 Biscayne Dr

      AUTO REPAIR, GARAGE • 13,504 SF
      1300 Biscayne Dr, Concord, NC 28027-8489
      View Details
    • Value Estimation
      $1,505,000
      54,962 SF

      7225 Ruben Linker NW Rd

      AUTO REPAIR, GARAGE • 54,962 SF
      7225 Ruben Linker NW Rd, Concord, NC 28027
      View Details
    • Value Estimation
      $1,910,000
      46,922 SF

      187 Un Cemetery SW Rd

      AUTO REPAIR, GARAGE • 46,922 SF
      187 Un Cemetery SW Rd, Concord, NC 28027-6831
      View Details
    • Value Estimation by Request
      5,265 SF

      9725 Harris Rd

      AUTO REPAIR, GARAGE • 5,265 SF
      9725 Harris Rd, Concord, NC 28027-3700
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,300 SF

      Established Entertainment Space For Sale

      Retail investment opportunity in a top North Carolina tourist destination.
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      Concord, NC Dental Storefront

      High-yield, corporate-guaranteed dental office.
      316 George W Liles Pkwy, Concord, NC 28027
      View Details
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      Turn-Key Restaurant or Office Space

      Zoned B-1, turn-key restaurant or office space in Concord.
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      View Details
    • $1,500,000
      21,000 SF

      Concord Restaurant & Office Building

      Prime Concord location, 21,000 SF, $1.5M
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    • Contact for pricing
      4.88 Acres

      Concord Retail Land - 4.88 Acres

      Prime Concord retail land, high traffic, C-1-CI zoning.
      1430 Liles Pkwy, Concord, NC 28027
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      23,200 SF

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      Retail and office spaces available in Concord, NC.
      9620 Christenbury Pkwy, Concord, NC 28027
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    • Contact for pricing
      3,600 SF

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      Retail space for lease in mixed-use center near Concord.
      2410 Herrons Nest Pl NW, Concord, NC 28027
      View Details
    • $22 SF/Yr
      56,628 SF

      Premier Retail-Office Space Near Mall

      Class A retail and office space near Concord Mills Mall.
      8415 Pit Stop Ct, Concord, NC 28027
      View Details
    • Contact for pricing
      1,450 SF

      Retail Space Near Concord Mills

      Retail space for lease in mixed-use center near Concord.
      2405 Herrons Nest Pl NW, Concord, NC 28027
      View Details
    • Contact for pricing

      Retail Center Anchored by Harris Teeter

      79,579 SF retail center in Concord, North Carolina.
      5151 Poplar Tent Rd, Concord, NC 28027
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    • Contact for pricing

      Retail Space Near Concord Mills

      Retail property with high visibility near Concord Mills and I-85.
      8660 Concord Mills Blvd, Concord, NC 28027
      View Details
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    Concord, NC 28027-9039
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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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