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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Assisted living facilities
250 Bishop Ln Concord, NC 28025-2888
Entity Owned
~
Est. High Equity
Property ID
US53-0921803
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1991
Construction
WOOD
Total area
36,163 SF
Lot
7.78 ac (338,897 SF)
Zoning code
O-I
APN
5622 23 3259
UPID
US53-0921803
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
-
Brian Center Health & Retirement/Cabarrus Nursing Home
-
Kimberly Driver Physician
-
Greens at Cabarrus Nursing Home
-
GEORGE D HALL Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$955k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$1.38M
Owner & transaction history
Greens At Cabarrus LLC
Greens At Cabarrus LLC
since 2025
7 recorded transactions
Zoning & alternative use
O-I · Concord, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.8M
+41.0%
Apartment house (5+ units)
$1.7M
+28.5%
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
by Request
ML approach
$955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$1,295,000
Current use
WAREHOUSE, STORAGE
$1,825,000
Change: +41% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,665,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±10%
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
$38 / 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
$86,709
Tax year 2024
Assessed value
$8,705,760
Assessed 2024
Previous assessed
$6,964,710
+25.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$2,220,330
Assessed improvement
$6,485,430
Land market value
$2,220,330
Improvement market value
$6,485,430
Total market value
$8,705,760
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1991
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
90
Bathrooms
48
Total area
36,163 SF
Lot
7.78 ac (338,897 SF)
Zoning code
O-I
APN
5622 23 3259
UPID
US53-0921803
Jurisdiction
CABARRUS
Zoning & alternative use
O-I · Concord, NC
Zoning O-I · permitted uses
O-I · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
90
Bathrooms
48
Lot
7.78 ac
Current owner
From public records · entity-resolved
Greens At Cabarrus LLC
Entity
Mailing address
45 BROADWAY FL #25, NEW YORK, NY 10006-3777
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2025
—
Greens At Cabarrus LLC
Bync Hud Holdings LLC
Deed
—
May 6, 2019
—
Smv Concord LLC
—
Loan Modification
related
$230,000,000 · White Oak Healthcare Fin LLC
Oct 18, 2016
—
Smv Concord LLC
—
Deed
related
$710,000,000 · Deutsche Bk Ag/ny Branch
Aug 3, 2007
—
Smv Concord LLC
—
Deed Of Trust
related
$120,000,000 · Column Financial INC
Jan 26, 2005
$3,590,000
Smv Concord LLC
Living Centers-southeast INC
Deed Of Trust
$820,000,000 · Column Financial INC
Jan 8, 2004
—
Living Centers-southeast INC
—
Deed Of Trust
related
$290,000,000 · Canadian Imperial Bank Commerc
May 13, 2002
—
Spinco 2 INC
Gci Wisconsin Pr
Grant Deed
related
—
—
—
Smv Concord LLC
—
Deed Of Trust
related
$710,000,000 · Deutsche Bk Ag/ny Branch
—
—
Smv Concord LLC
—
Deed Of Trust
related
$699,999,900 · German Am Cap
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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