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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Warehouses
3930 Penninger Rd Concord, NC 28025-1501
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1039514
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
STEEL FRAME
Total area
6,912 SF
Lot
3.55 ac (154,638 SF)
Zoning code
AO
APN
5632 81 8954
UPID
US53-1039514
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
-
Adjustable Services HVAC Service General Contractor
-
Concord Office Law Firm
-
Power and Construction Group General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$635k
Owner & transaction history
3209 Industry LLC · 3 yrs held
3209 Industry LLC
since 2022
Last sale
$708,500
7 recorded transactions
Zoning & alternative use
AO · Concord, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$995,000
+125.0%
Commercial (general)
$890,000
+101.2%
Retail stores
$685,000
+55.4%
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
$595,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$440,000
Current use
AUTO REPAIR, GARAGE
$995,000
Change: +125% · Conversion: Easy
COMMERCIAL (GENERAL)
$890,000
Change: +101% · Conversion: Difficult
RETAIL STORES
$685,000
Change: +55% · Conversion: Moderate
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $709k (Sep 9 2022)
Last sale anchor
$709k
Sep 9 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
$92 / 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
$1,762
Tax year 2024
Assessed value
$268,600
Assessed 2024
Previous assessed
$199,240
+34.8% YoY
Effective rate
0.66%
On assessed value
Assessed land
$79,930
Assessed improvement
$188,670
Land market value
$79,930
Improvement market value
$188,670
Total market value
$268,600
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
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
1
Bathrooms
1
Total area
6,912 SF
Lot
3.55 ac (154,638 SF)
Zoning code
AO
APN
5632 81 8954
UPID
US53-1039514
Jurisdiction
CABARRUS
Zoning & alternative use
AO · Concord, NC
Zoning AO · permitted uses
AO · 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
$440,000
AUTO REPAIR, GARAGE
Est. value
$995,000
COMMERCIAL (GENERAL)
Est. value
$890,000
RETAIL STORES
Est. value
$685,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
3.55 ac
Current owner
From public records · entity-resolved
3209 Industry LLC
Entity
Mailing address
PO BOX 517, MT PLEASANT, SC 29465-0517
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2022
$708,500
3209 Industry LLC
Danny G Bost LLC
Special Warranty Deed
$532,500 · First Community Bank
Jun 27, 2016
—
Danny G Bost LLC
—
Deed
related
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Danny G Bost LLC
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Loan Modification
related
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Danny G Bost LLC
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Loan Modification
related
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Danny G Bost LLC
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Loan Modification
related
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Danny G Bost LLC
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Loan Modification
related
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Danny G Bost LLC
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Loan Modification
related
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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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