Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2560 Derita Rd Concord, NC 28027-3361

    • Manufacturing properties
    • 14,140 SF
    • 14.69 lot acres
    OFF-MARKET
    Value Estimations
    $2,020,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4765786
    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.

    Current Use by Public Records

    • Piedmont Natural Gas Co Inc / Gas Company

    Property Details for 2560 Derita Rd

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    14.69 lot acres
    Property size
    14,140 SF
    Zone code
    I-1
    Property type
    Manufacturing properties
    APN
    4589 58 4102
    APU
    4589584102

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,255,000
      6.5%
      $2,085,000
      7%
      $1,935,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,954,000
      Market price range: $225k - $1.95M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,935,000
      COMMERCIAL (GENERAL)
      $1,895,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.7265
    Latitude
    35.3812
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $2,177,870
    $1,558,800
    $3,736,670
    -
    $2,177,870
    $1,558,800
    $3,736,670

    Comparable in this City

    • Value Estimation
      $7,155,000
      50,128 SF

      4524 Enterprise NW Dr

      MANUFACTURING (LIGHT) • 50,128 SF
      4524 Enterprise NW Dr, Concord, NC 28027-6437
      View Details
    • Value Estimation
      $1,060,000
      136,582 SF

      4450 Fortune NW Ave

      FOOD PACKING, PACKING PLANT • 136,582 SF
      4450 Fortune NW Ave, Concord, NC 28027-7901
      View Details
    • Value Estimation by Request
      13,308 SF

      Biscayne Dr

      MANUFACTURING (LIGHT) • 13,308 SF
      Biscayne Dr, Concord, NC 28027
      View Details
    • Value Estimation
      $1,585,000
      98,762 SF

      560 Cabarrus W Ave

      MANUFACTURING (LIGHT) • 98,762 SF
      560 Cabarrus W Ave, Concord, NC 28027-6259
      View Details
    • Value Estimation
      $4,125,000
      28,883 SF

      4510 Enterprise NW Dr

      MANUFACTURING (LIGHT) • 28,883 SF
      4510 Enterprise NW Dr, Concord, NC 28027-6437
      View Details
    • Value Estimation
      $23,300,000
      310,387 SF

      390 Business NW Blvd

      MANUFACTURING (LIGHT) • 310,387 SF
      390 Business NW Blvd, Concord, NC 28027-6597
      View Details

    Similar Nearby for Sale

    • 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
      View Details
    • $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
    • $2,150,000
      9,375 SF

      Motorsports Drive Industrial Property

      9,375 SF industrial property with new 10-year lease.
      4387 Motorsports Dr SW, Concord, NC 28027
      View Details
    • $1,800,000
      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
    • $599,000
      1,729 SF

      Remodeled Auto Garage/Warehouse in Concord

      Turnkey auto garage/warehouse in high-traffic Concord location.
      398 Old Charlotte Rd SW, Concord, NC 28027
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      48,000 SF

      Concord Warehouse Space Available

      48,000 sq ft warehouse/industrial space for rent.
      703 Pitts School Rd Northwest, Concord, NC 28027
      View Details
    • Contact for pricing

      Freestanding Garage in Motorsports Park

      830 SF garage with easy access to I-85.
      4450-4462 Raceway Dr SW, Concord, NC 28027
      View Details
    • Contact for pricing
      932,962 SF

      Spacious Warehouse with Undeveloped Land

      932,962 SF warehouse with 74 acres of undeveloped land.
      1000 Stanley Dr, Concord, NC 28027
      View Details
    • Contact for pricing

      Cross-Dock Facility with Trailer Stalls

      41,840 SF cross-dock facility on 7.25 usable acres.
      655 Goodman Rd, Concord, NC 28027
      View Details
    • Contact for pricing
      12,406 SF

      Concord Warehouse Space Available

      Industrial warehouse space for lease in Concord, North Carolina.
      4651 Corporate Dr Northwest, Concord, NC 28027
      View Details
    • $11 SF/Yr
      20,100 SF

      New Class A Flex Space

      New Class A flex space with superior location and access.
      570 Pitts School Rd NW, Concord, NC 28027
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2560 Derita Rd
    Concord, NC 28027-3361
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!