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Property profile & analytics
OFF-MARKET
Estimated value
$11,265,000
Warehouses
321 Sign NW Dr, Concord, NC 28027-6197
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-5249679
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1966
Construction
STEEL FRAME
Total area
165,662 SF
Lot
27.66 ac (1,204,870 SF)
Zoning code
I-2
APN
5620 38 0241
UPID
US53-5249679
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.09M
Blend (final)
Blend
$11.27M
Owner & transaction history
Fig Tree Dev LLC · 9 yrs held
Fig Tree Dev LLC
since 2016
7 recorded transactions
Zoning & alternative use
I-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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$17,005,000
Current use
Blend value · Realmo final
$11.27M
Range $10.14M – $12.39M · ±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
$68 / 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
$57,564
Tax year 2024
Assessed value
$5,779,530
Assessed 2024
Previous assessed
$4,197,050
+37.7% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,851,630
Assessed improvement
$3,927,900
Land market value
$1,851,630
Improvement market value
$3,927,900
Total market value
$5,779,530
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1966
Construction
STEEL FRAME
Heating
RADIANT
Cooling
NONE
Stories
1
Bathrooms
6
Total area
165,662 SF
Lot
27.66 ac (1,204,870 SF)
Zoning code
I-2
APN
5620 38 0241
UPID
US53-5249679
Jurisdiction
CABARRUS
Zoning & alternative use
I-2 · Concord, NC
Zoning I-2 · permitted uses
I-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
WAREHOUSE, STORAGE Current
Est. value
$17.0M
WAREHOUSE, STORAGE Current
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
1966
Construction
STEEL FRAME
Heating
RADIANT
Cooling
Yes
Stories
1
Bathrooms
6
Lot
27.66 ac
Current owner
From public records · entity-resolved
Fig Tree Dev LLC
Entity
Mailing address
PO BOX 8447, NORTHRIDGE, CA 91327-8447
Ownership since
2016
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
Oct 27, 2017
—
Fig Tree Dev LLC
—
Deed
related
$3,225,000 · Kapadia Family Trust (pt)
Dec 1, 2016
—
Fig Tree Dev LLC
Trk Dev LLC
Warranty Deed
related
$800,000 · Kapadia Family Trust (pt)
May 3, 2007
—
Rishi M Kapadia
Kapadia Rishi M & T M Trust
Quit Claim Deed
—
Feb 10, 2006
$1,627,500
Kapadia Tina M & Rishi M Trust
Spruillco Ltd
Trustees Deed
—
Mar 17, 2004
$1,400,000
Messer-waddell Properties Lcc
Cp LLC
Warranty Deed
$1,548,000 · Rbc Centura Bank
Jun 3, 2002
$500
Wiscassett Mills Company
Fieldcrest,canno
Grant Deed
related
—
—
—
Trk Development LLC
—
Deed Of Trust
related
$1,675,414 · Kapadia Family Trust (tr)
—
—
Fig Tree Dev LLC
—
Deed Of Trust
related
$3,225,000 · Kapadia Family Trust (pt)
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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