Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    199 Wilshire SW Ave Concord, NC 28025-5633

    • Industrial properties
    • 27,646 SF
    • 3.56 lot acres
    OFF-MARKET
    Value Estimations
    $930,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-5254135
    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

    • Casco Signs / Sign Shop
    • Ayers Custom Autobody / Auto Body Shop
    • BuildNBuy Signs / Digital Printing Service

    Property Details for 199 Wilshire SW Ave

    Year built
    1940
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.56 lot acres
    Property size
    27,646 SF
    Zone code
    I-1
    Property type
    Industrial properties
    APN
    5630 00 7624
    APU
    5630007624

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $845,000
      Current use
      WAREHOUSE, STORAGE
      $1,395,000
      Change: +65% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,275,000
      Change: +51% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.5746
    Latitude
    35.3901
    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
    $24,755
    $555,720
    $1,929,750
    $2,485,470
    -
    $555,720
    $1,929,750
    $2,485,470

    Comparable in this City

    • Value Estimation by Request
      0.32 Acres

      258 Cabarrus W Ave

      INDUSTRIAL (GENERAL) • 0.32 Acres
      258 Cabarrus W Ave, Concord, NC 28025-5153
      View Details
    • Value Estimation by Request
      1.85 Acres

      Commerce SW Dr

      INDUSTRIAL (GENERAL) • 1.85 Acres
      Commerce SW Dr, Concord, NC 28025
      View Details
    • Value Estimation by Request
      27.86 Acres

      860 Warren Coleman Blvd

      INDUSTRIAL (GENERAL) • 27.86 Acres
      860 Warren Coleman Blvd, Concord, NC 28025-5890
      View Details
    • Value Estimation
      $625,000
      23,200 SF

      2770 Zion Church Rd

      INDUSTRIAL (GENERAL) • 23,200 SF
      2770 Zion Church Rd, Concord, NC 28025-7027
      View Details
    • Value Estimation
      $720,000
      17,580 SF

      340 Industrial Ct

      INDUSTRIAL (GENERAL) • 17,580 SF
      340 Industrial Ct, Concord, NC 28025-8016
      View Details
    • Value Estimation by Request
      0.81 Acres

      Pounds Ct

      INDUSTRIAL (GENERAL) • 0.81 Acres
      Pounds Ct, Concord, NC 28025
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      27.66 Acres

      I-85 Industrial Land, Kannapolis, NC

      ±54 Acres, I-85 Frontage, Industrial Zoning
      73 And I-85, Kannapolis, NC 28025
      View Details
    • $215,000
      10,600 SF

      10,600 SF Industrial Corner Lot

      10,600 SF industrial property on a +/-0.42 acre corner lot.
      271 Franklin Ave NW, Concord, NC 28025
      View Details
    • $3,650,000
      20.00 Acres

      Concord, NC Industrial Land - 20 Acres

      Prime 20-acre industrial lot, Hwy 49S frontage.
      251 State Hwy 49, Concord, NC 28025
      View Details
    • $3,500,000
      18,035 SF

      Concord, NC Warehouse Investment Opportunity

      18,035 SF Warehouse, 3 Buildings, $3.5M
      1801 Norland Rd, Concord, NC 28025
      View Details
    • $285,000
      2.55 Acres

      Concord Industrial Land - $285K

      Rare I-2 Zoned Land, Concord, NC
      185 Duval St, Concord, NC 28025
      View Details
    • $265,000

      Free Standing Warehouse For Sale

      10,600 SF warehouse with loading dock and drive-in door.
      271 Franklin Ave, Concord, NC 28025
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      1,920 SF

      Concord Carwash - Industrial Lease

      1920 sq ft Carwash, Flex Space Available
      91 Corban Ave, Concord, NC 28025
      View Details
    • Contact for pricing
      7,500 SF

      Industrial Space at Gibson Mill

      Industrial space available for lease at Gibson Mill.
      320 Sign Dr NW, Concord, NC 28025
      View Details
    • $7 SF/Yr
      20,605 SF

      Former Mill Building For Lease

      Industrial space available for lease near major highways.
      192 Manor Ave SW, Concord, NC 28025
      View Details
    • $8,300 /Mo
      8,024 SF

      Office and Warehouse Space Available

      Versatile office, warehouse, and gated lot in Concord, NC.
      829 Davidson Dr NW, Concord, NC 28025
      View Details
    • Contact for pricing
      550,000 SF

      Carolina Mall Retail Space For Lease

      High-traffic Concord, NC retail space available.
      1480 Concord Pkwy, Concord, NC 28025
      View Details
    • $2,350,000
      6,728 SF

      Unique Downtown Concord Office Space

      Premier, fully furnished office space in downtown Concord.
      18 Cabarrus Ave W, Concord, NC 28025
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    199 Wilshire SW Ave
    Concord, NC 28025-5633
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.