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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Automotive properties
289 Concord S Pkwy Concord, NC 28027-6706
Entity Owned
7-yr Hold
Free & Clear
Property ID
US53-2851327
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1990
Construction
STEEL FRAME
Total area
19,986 SF
Lot
3.49 ac (152,024 SF)
Zoning code
C-2
APN
5610 92 1588
UPID
US53-2851327
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
-
Ben Mynatt Buick GMC Service Auto Repair Shop
-
Ben Mynatt Buick GMC Parts Auto Parts Store
-
Ben Mynatt Buick GMC Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$420k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$819k
Blend (final)
Blend
$620k
Owner & transaction history
Musgrave Charlotte Realty Ptrs · 7 yrs held
Musgrave Charlotte Realty Ptrs
since 2019
7 recorded transactions
Zoning & alternative use
C-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
by Request
ML approach
$420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$31 / 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
$29,275
Tax year 2024
Assessed value
$2,939,290
Assessed 2024
Previous assessed
$2,761,910
+6.4% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,325,920
Assessed improvement
$1,613,370
Land market value
$1,325,920
Improvement market value
$1,613,370
Total market value
$2,939,290
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
6
Total area
19,986 SF
Lot
3.49 ac (152,024 SF)
Zoning code
C-2
APN
5610 92 1588
UPID
US53-2851327
Jurisdiction
CABARRUS
Zoning & alternative use
C-2 · Concord, NC
Zoning C-2 · permitted uses
C-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
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
6
Lot
3.49 ac
Current owner
From public records · entity-resolved
Musgrave Charlotte Realty Ptrs
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 1390, CONCORD, NC 28026-1390
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2024
—
Mynatt Properties LLC
—
Deed
related
$2,338,512 · Uwharrie Bank
May 10, 2019
—
Musgrave Charlotte Realty Ptrs
Mynatt Properties LLC
Grant Deed
related
—
May 9, 2019
—
Mynatt Properties LLC
—
Deed
related
$5,130,840 · Uwharrie Bk
Apr 24, 2014
—
Mynatt Properties LLC
—
Grant Deed
related
$6,100,000 · Uwharrie Bk
—
—
Mynatt Properties LLC
—
Loan Modification
related
$5,130,840 · Uwharrie Bk
—
—
Mynatt Properties LLC
—
Deed Of Trust
related
$2,000,000 · Uwharrie Bk
—
—
Mynatt Properties LLC
—
Deed Of Trust
related
$450,000 · Uwharrie Bk
—
—
Mynatt Properties LLC
—
Deed Of Trust
related
$3,800,000 · Uwharrie Bk
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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