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Property profile & analytics
OFF-MARKET
Estimated value
$2,650,000
Office Spaces
300 Mcgill NW Ave, Concord, NC 28027-6150
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-1558389
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,490 SF
Lot
3.6 ac (156,816 SF)
Zoning code
C-2
APN
5621 20 3406
UPID
US53-1558389
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
-
Academic Learning Center Tutoring Service
-
Forest Capital Corporation Financial Advisor
-
Concord Longevity Medicine Medical Clinic
-
Hope Stone Home Care Services Home Health Care Service Disability Services And Support Organization
-
The Apricots Media Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.72M
Comparable Approach
Comparable
$3.50M
Blend (final)
Blend
$2.65M
Owner & transaction history
Rrt Habitat Holding LLC · 8 yrs held
Rrt Habitat Holding LLC
since 2017
7 recorded transactions
Zoning & alternative use
C-2 · Concord, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.9M
+16.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,945,000
6.5%
$2,720,000
7%
$2,525,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,380,000
Current use
RESTAURANT
$3,925,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$2,760,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$2.65M
Range $2.39M – $2.92M · ±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
$212 / 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
$18,908
Tax year 2024
Assessed value
$1,898,430
Assessed 2024
Previous assessed
$1,134,920
+67.3% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,054,280
Assessed improvement
$844,150
Land market value
$1,054,280
Improvement market value
$844,150
Total market value
$1,898,430
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
12,490 SF
Lot
3.6 ac (156,816 SF)
Zoning code
C-2
APN
5621 20 3406
UPID
US53-1558389
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.4M
RESTAURANT
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$2.8M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
4
Lot
3.6 ac
Current owner
From public records · entity-resolved
Rrt Habitat Holding LLC
Entity
Free & Clear · 8 yrs held
Mailing address
300 MCGILL AVE NW, CONCORD, NC 28027-6150
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2022
—
Rrt Mcgill LLC
—
Deed
related
$300,000 · Carolinas Telco FCU
Jul 21, 2017
$7,500
Rrt Habitat Holding LLC
Habitat Of Humanity Cabarrus Cnty
Warranty Deed
related
—
Oct 20, 2016
$405,000
Rrt-mcgill LLC
Redus One LLC
Grant Deed
$303,750 · Bank Of Nc
Apr 1, 2014
$850,000
Redus One LLC
Nnn Building Investments
Grant Deed
—
Jan 29, 2004
$89,500
Niblock Development Corp.
Laurel Park Dev
Grant Deed
—
Jan 21, 2004
$123,000
Niblock Cevelopment Corp.
Laurel,park D
Grant Deed
—
Oct 22, 2003
$70,000
Niblock Developmene Corp.
Mvc,llc
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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