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Financial
Distress signals
Property profile

384 Faggart NW Ave Concord, NC 28027

OFF-MARKET
Warehouses
Property ID
US53-5260066
16,128 SF 1.89 ac lot Built 1950
Last sale Jan 2025 · $2,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This Concord, NC industrial property presents a compelling investment or owner-user opportunity. Priced at $2,975,000, this 35,411 square foot building boasts a 7.22% cap rate and a strong NOI of $214,900. Currently 100% occupied by a single tenant under a net-net lease expiring December 31, 2025, the property offers flexibility. The building, constructed in 1950 and renovated in 1987, features six loading docks, six dock-high doors, and ceiling heights ranging from 9 to 20 feet. The…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$13k
Tax billed · 2024
Assessed value$1.30M
Assessed land$355k
Assessed improvement$949k
Effective rate1.00%

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$103/SF
ZIP average, outlier-cleaned · 61 recorded sales of this use type
Observed band · Q1–Q3$67 – $152
Qualifying comparables10

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
I-1
The I-1 District is established to provide for areas that contain a mix of light manufacturing uses, office park and limited retail and s...
General categoryINDUSTRIAL
JurisdictionCABARRUS

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand index
Parking Facility10.6
Law Firm10.3
Locksmith8.9

Location

384 Faggart NW Ave Concord, NC 28027-6069
County assessor Recorded deeds · 3 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
840 Derita, Concord, NC 28027-3344 $3,150,000 Jan 2026 17,683 SF
1925 Aviation, Concord, NC 28027-3494 $4,000,000 Oct 2025 20,316 SF
7045 Aviation NW, Concord, NC 28027-0051 $5,310,000 Oct 2025 36,957 SF
4463 Raceway SW, Concord, NC 28027-8979 $1,275,000 Feb 2025 9,800 SF
4494 Raceway SW, Concord, NC 28027-8979 $1,851,000 Nov 2024 11,464 SF
1749 Trinity Church, Concord, NC 28027-8416 $10,216,000 Oct 2024 6,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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