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Property profile & analytics
OFF-MARKET
Estimated value
$1,470,000
Retail space
30 Un S St Concord, NC 28025-5010
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1655086
Property summary
AI-generated overview
This exceptional Class A office property, located at 30 Union St N, Concord, NC 28025, offers flexible spaces ideal for businesses of various sizes. The building, totaling 6,031 square feet, is currently fully vacant and available for immediate occupancy. The property features two distinct spaces: a street-level suite of 3,549 contiguous square feet and a 1,200 square foot second-floor office. The minimum divisible space is 2,482 square feet, allowing for customization to suit specific needs. The building has undergone a complete renovation and restoration, showcasing modern amenities within a historically significant structure. Situated in the heart of downtown Concord, this location benefits from the city's rapid growth, boasting over 33% population increase in the last decade. Concord's revitalized downtown area is home to over 40 small businesses and is experiencing significant investment, exceeding $79 million in commercial and residential projects. The ground floor space is adjacent to a thriving local business. Contact us today to discuss pricing and lease terms for these exceptional office spaces.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1890
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,076 SF
Lot
0.1 ac (4,475 SF)
Zoning code
CC
APN
5620 87 9749
UPID
US53-1655086
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
-
Move With Life Training Center Sports School
-
Central United Methodist Church Church
-
Bocca Felice, LLC Take-out & Catering Catering Service
-
Sankofa Massage and Yoga Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.47M
Owner & transaction history
Concord Retail Venture LLC · 3 yrs held
Concord Retail Venture LLC
since 2022
Last sale
$1.8M
2 recorded transactions
Zoning & alternative use
CC · Concord, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.5M
+122.4%
Auto repair, garage
$1.6M
+44.7%
Commercial (general)
$1.4M
+29.5%
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
$1,465,000
ML approach
$1,455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,100,000
Current use
MEDICAL BUILDING
$2,450,000
Change: +122% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,595,000
Change: +45% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,425,000
Change: +29% · Conversion: Easy
Blend value · Realmo final
$1.47M
Range $1.32M – $1.62M · ±10% · vs last sale $1.75M (Aug 22 2022)
Last sale anchor
$1.75M
Aug 22 2022
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
$133 / 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
$15,522
Tax year 2024
Assessed value
$1,342,750
Assessed 2024
Previous assessed
$389,780
+244.5% YoY
Effective rate
1.16%
On assessed value
Assessed land
$160,200
Assessed improvement
$1,182,550
Land market value
$160,200
Improvement market value
$1,182,550
Total market value
$1,342,750
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1890
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
2
Total area
11,076 SF
Lot
0.1 ac (4,475 SF)
Zoning code
CC
APN
5620 87 9749
UPID
US53-1655086
Jurisdiction
CABARRUS
Zoning & alternative use
CC · Concord, NC
Zoning CC · permitted uses
CC · 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
RETAIL STORES Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1890
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Concord Retail Venture LLC
Entity
Mailing address
2420 E SUNRISE BLVD #90, FORT LAUDERDALE, FL 33304
Ownership since
2022
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
Aug 22, 2022
$1,750,000
Concord Retail Venture LLC
Nekco LLC
Special Warranty Deed
$1,000,000 · Carter Bank & Trust
Feb 17, 2009
—
Nekco LLC
Helms,neta B
Grant 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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