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    256 Davidson Hwy Concord, NC 28027
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    256 Davidson Hwy, Concord, NC 28027

    View on Map
    • Distribution centers
    • 4.73 lot acres
    Off-Market
    Property ID
    US53-3797559
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ALPHA WEBSITE HOSTING / Marketing & Advertising / (Bike/Boat/Book/etc) Store

    Property Details for 256 Davidson Hwy

    Lot size
    4.73 lot acres
    Property type
    Distribution centers
    APN
    5611-76-8272-0000

    Description

    This 4.73-acre vacant lot in Concord, NC (APN 5611-76-8272-0000), is zoned I-1 and located at 256 Davidson Highway, zip code 28027. Priced at $495,000, this property presents a prime development opportunity. Its strategic location between I-85 and Hwy 29 ensures high visibility and convenient access to major transportation routes. Complete documentation for a mini-storage facility is available, making this a shovel-ready project ideal for developers seeking to capitalize on the robust growth of the local commercial real estate market. The area's surge in demand for industrial and warehouse space, driven by e-commerce and a growing population, makes this a particularly attractive investment. Surrounded by new housing developments and apartment complexes, this property offers strong potential for long-term appreciation. The versatile I-1 zoning allows for a multitude of commercial uses, providing flexibility for various development plans. This location is perfect for developers, investors seeking strong growth potential, and storage operators looking to expand or establish new facilities. The property's proximity to a thriving community and major thoroughfares makes it an exceptional opportunity for a successful commercial venture.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    CABARRUS
    State
    North Carolina
    Longitude
    -80.618334
    Latitude
    35.432052

    Comparable in this City

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      25 acres of land in a rapidly developing area.
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    • $4,404,750
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      25 acres in rapidly developing area near Amazon Distribution Center.
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      14,000 SF

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      11,380 SF

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      11,380 SF industrial building with expansion potential on 1.79 acres.
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    • $4,600,000

      Caliber Collision Investment Opportunity

      Long-term corporate lease in high-growth Charlotte submarket.
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    Similar Nearby for Sale

    • $4,404,750
      Pending

      25 Acres Near Amazon Center

      25 acres of land in a rapidly developing area.
      6762 Davidson Hwy, Concord, NC 28027
      View Details
    • $4,404,750
      Pending

      25 Acres Near Amazon Center

      25 acres in rapidly developing area near Amazon Distribution Center.
      6762 Davidson Hwy, Concord, NC 28027
      View Details
    • Contact for pricing
      14,000 SF

      14,200 SF Industrial Building For Sale

      High-quality industrial building in International Industrial Park with flexible space.
      4312 Republic Ct NW, Concord, NC 28027
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      11,380 SF

      Freestanding Industrial Building For Sale

      11,380 SF industrial building with expansion potential on 1.79 acres.
      4500 Motorsports Dr SW, Concord, NC 28027
      View Details
    • $4,600,000

      Caliber Collision Investment Opportunity

      Long-term corporate lease in high-growth Charlotte submarket.
      2760 Concord Pkwy South, Concord, NC 28027
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      41,840 SF

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      75,882 SF

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      28,750 SF

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      414,000 SF

      Concord Warehouse Space Available

      414,000 sq ft warehouse near Concord Airport.
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    • $7 SF/Yr
      414,000 SF

      Concord Warehouse with 36' Clearance

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      227,700 SF

      Kannapolis Warehouse Space Available

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    256 Davidson Hwy
    Concord, NC 28027
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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