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    30 Un S St Concord, NC 28025-5010
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    Property profile & analytics

    30 Un S St Concord, NC 28025-5010

    View on Map
    • Retail space
    • 11,076 SF
    • 0.10 lot acres
    Off-Market
    Last Sale Aug 22, 2022
    $1,750,000
    Property ID
    US53-1655086
    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
    $1,470,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 30 Un S St

    Year built
    1890
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.10 lot acres
    Property size
    11,076 SF
    Zone code
    CC
    Property type
    Retail space
    APN
    5620 87 9749
    APU
    5620879749

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,465,000
      ML approach
      $1,455,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,337,000
      Market price range: $518k - $2.02M
      AI Estimate
      $1,068,000
      Market price range: $437k - $1.36M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.581
    Latitude
    35.4097
    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
    $15,522
    $160,200
    $1,182,550
    $1,342,750
    -
    $160,200
    $1,182,550
    $1,342,750

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      29 Un S St

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      Assemblage of buildings and land in Downtown Concord.
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    Similar Nearby for Lease

    • Contact for pricing
      1,450 SF

      Renovated Retail/Office Space Available

      Market Street facing space ideal for retail or office.
      37 Market St SW, Concord, NC 28025
      View Details
    • $3,250 /Mo
      871 SF

      Downtown Concord Commercial Space Available

      Prime commercial space in the heart of Downtown Concord.
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    • Contact for pricing
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      Downtown Concord Retail Space Available

      Highly visible retail suite in revitalized Concord city center.
      25 Barbrick Ave SW, Concord, NC 28025
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    • Contact for pricing

      Concord Retail Space Available

      Retail space available, totaling 137,657 SqFt in Concord, NC.
      1480 Concord Pkwy N, Concord, NC 28025
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    • $22 SF/Yr
      34,412 SF

      Retail/Office Space in Concord, NC

      Versatile retail or office space for lease in Concord.
      2361 Concord Lake Rd, Concord, NC 28025
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    30 Un S St
    Concord, NC 28025-5010
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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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