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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Office Spaces
23 Un N St Concord, NC 28025-4726
Entity Owned
4-yr Hold
Property ID
US53-1432510
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,112 SF
Lot
0.14 ac (5,920 SF)
Zoning code
CC
APN
5620 88 6133
UPID
US53-1432510
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
-
Upstairs at Eric's Hair Salon
-
Concord Counseling Services Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$610k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$935k
Owner & transaction history
Ama Capital LLC · 4 yrs held
Ama Capital LLC
since 2021
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
CC · 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
$685,000
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10% · vs last sale $1.00M (Dec 30 2021)
Last sale anchor
$1.00M
Dec 30 2021
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
$77 / 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
$12,297
Tax year 2024
Assessed value
$1,063,780
Assessed 2024
Previous assessed
$428,800
+148.1% YoY
Effective rate
1.16%
On assessed value
Assessed land
$186,450
Assessed improvement
$877,330
Land market value
$186,450
Improvement market value
$877,330
Total market value
$1,063,780
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Bathrooms
4
Total area
12,112 SF
Lot
0.14 ac (5,920 SF)
Zoning code
CC
APN
5620 88 6133
UPID
US53-1432510
Jurisdiction
CABARRUS
Zoning & alternative use
CC · Concord, NC
Zoning CC · permitted uses
CC · 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
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
4
Lot
0.14 ac
Current owner
From public records · entity-resolved
Ama Capital LLC
Entity
Mailing address
PO BOX 958, DAVIDSON, NC 28036-0958
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
$1,000,000
Ama Capital LLC
23 Union Street North LLC
Warranty Deed
$1,042,800 · Southern First Bank NA
Jun 2, 2021
—
Ama Capital LLC
23 Union Street North LLC
Lease
—
May 15, 2017
—
23 Union Street North LLC
23 Union LLC
Quit Claim Deed
related
$637,000 · Velocity Com'l Cap
Mar 29, 2012
—
23 Union LLC
Daniels,dennis A
Grant Deed
related
—
Apr 19, 2005
$285,000
Dennis A Daniels
Knox Realty INC
Warranty Deed
$269,600 · Cabarrus Bank & Trust Co
—
—
Amy A Daniels
—
Deed Of Trust
related
—
—
—
23 Union LLC
—
Deed Of Trust
related
$360,000 · Other Institutional Lenders
—
—
Dennis A Daniels
—
Deed Of Trust
related
—
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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