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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Warehouses
2515 Kannapolis NW Hwy, Concord, NC 28025
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-5249449
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2023
Total area
108,144 SF
Lot
4.31 ac (187,526 SF)
Zoning code
I-2
APN
5621 08 8143
UPID
US53-5249449
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$725k
Owner & transaction history
Mini Storage Depot On Hwy 29a LLC · 3 yrs held
Mini Storage Depot On Hwy 29a LLC
since 2023
Last sale
$565,000
2 recorded transactions
Zoning & alternative use
I-2 · 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
$575,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $565k (Mar 6 2023)
Last sale anchor
$565k
Mar 6 2023
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
$7 / 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
$14,497
Tax year 2024
Assessed value
$1,455,510
Assessed 2024
Previous assessed
$513,440
+183.5% YoY
Effective rate
1.00%
On assessed value
Assessed land
$709,940
Assessed improvement
$745,570
Land market value
$709,940
Improvement market value
$745,570
Total market value
$1,455,510
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2023
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
3
Total area
108,144 SF
Lot
4.31 ac (187,526 SF)
Zoning code
I-2
APN
5621 08 8143
UPID
US53-5249449
Jurisdiction
CABARRUS
Zoning & alternative use
I-2 · Concord, NC
Zoning I-2 · permitted uses
I-2 · 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
2023
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Lot
4.31 ac
Current owner
From public records · entity-resolved
Mini Storage Depot On Hwy 29a LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3900 EDISON LKS PKWY STE #201, MISHAWAKA, IN 46545-3442
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2023
$565,000
Mini Storage Depot On Hwy 29a LLC
Robert E Lowrence
Special Warranty Deed
—
Mar 6, 2023
—
Mini Storage Dept One Hwy 29a LLC
Robert F Lowrance
Deed
—
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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