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Property profile & analytics
OFF-MARKET
Estimated value
$9,705,000
Medical Office Space
200 Medical Park Dr, Concord, NC 28025-2982
Individually Owned
1-yr Hold
Free & Clear
Property ID
US53-0062497
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Construction
STEEL FRAME
Total area
87,600 SF
Lot
0.6 ac (26,136 SF)
Zoning code
PID
APN
5621 38 0109 0001
UPID
US53-0062497
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
-
Paragon Breast Care Medical Clinic Hospital
-
Paragon Vein Care Physician
-
Atrium Health Cabarrus Transition Services Medical Clinic
-
Central Carolina Nephrology: Chaudhary Humaira K MD Physician Medical Clinic
-
Jeffrey S. Schmidt, MD, FACS Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.71M
Owner & transaction history
Charlotte Mecklenburg Hospitality A · 1 yrs held
Charlotte Mecklenburg Hospitality A
since 2025
3 recorded transactions
Zoning & alternative use
PID · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$111 / 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
$128,462
Tax year 2024
Assessed value
$12,897,790
Assessed 2024
Previous assessed
$13,803,100
-6.6% YoY
Effective rate
1.00%
On assessed value
Assessed improvement
$12,897,790
Improvement market value
$12,897,790
Total market value
$12,897,790
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Bathrooms
8
Total area
87,600 SF
Lot
0.6 ac (26,136 SF)
Zoning code
PID
APN
5621 38 0109 0001
UPID
US53-0062497
Jurisdiction
CABARRUS
Zoning & alternative use
PID · Concord, NC
Zoning PID · permitted uses
PID · 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
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Bathrooms
8
Lot
0.6 ac
Current owner
From public records · entity-resolved
Charlotte Mecklenburg Hospitality A
Individual
Free & Clear · 1 yrs held
Mailing address
200 MEDICAL PARK DR STE #240, CONCORD, NC 28025-0933
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2025
—
Charlotte Mecklenburg Hospitality A
Cabarrus Pob LP
Deed
—
Sep 1, 2010
—
Hosp Aut Charlotte-mecklenburg
Heart Group Properties LLC
Grant Deed
—
May 24, 2007
$4,513,000
Heart Group Properties LLC
Northeast Medical Center
Grant Deed
$5,500,000 · First Charter Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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