Property profile

2361 Concord Lk Rd Concord, NC 28025

OFF-MARKET
Strip malls
Property ID
US53-4729266
10,075 SF 0.76 ac lot Built 1997
Entity Owned 1-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The property is located at the signalized intersection of Lake Concord Road and Executive Park Drive in Concord, North Carolina, within a commercial corridor that provides visibility to Interstate 85 and frontage along Concord Lake Road (reported average traffic of over 16,000 vehicles per day on Concord Lake Road and over 100,000 vehicles per day on Interstate 85). It contains 2,909 square feet of retail or office space configured as two units (2361 and 2363 Concord Lake Road), which can be leased together or subdivided to match tenant needs; subdivision would include an owner-provided HVAC component and a demising wall. The site is zoned C-2 (General Commercial), supporting a range of uses including retail, office, medical, restaurant, and service. The roof is a TPO rubber membrane, and rear-wall venting is possible without cutting the roof. The building is set up for a modified gross arrangement, with CAM and T&I charges not billed to tenants; tenants are responsible for permitted interior upfit work with approvals through the City of Concord.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1997
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,075 SF
Lot 0.76 ac (33,106 SF)
Zoning code C-2
APN 5622 32 4471
UPID US53-4729266

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2361 Concord Lk Rd Concord, NC 28025-2813
Concord metro Census 40703 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2025
Last sale
$250,000
6 recorded transactions
2025
Price N/A
2023
$250,000
2016
$84,375
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-2 · Concord, NC
Zoning description

The C-2 District is established to provide areas for general commercial activities designed to serve the community such as shopping centers, repair shops, wholesale businesses, and retail sales with limited outdoor displ…

General category COMMERCIAL

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2361 Concord Lk Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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