Property profile

40 Pitts School SW Rd Concord, NC 28027

OFF-MARKET
Medical Office Space
Property ID
US53-0953131
4,208 SF 1.4 ac lot Built 2020
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2020
Construction STEEL FRAME
Total area 4,208 SF
Lot 1.4 ac (60,984 SF)
Zoning code C-2
APN 5509 33 7342
UPID US53-0953131

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office

Location

40 Pitts School SW Rd Concord, NC 28027-3931
Concord metro Census 42603 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.17M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.47M
Blend (final) Blend
$2.46M

Owner & transaction history

since 2020
Last sale
$2.5M
5 recorded transactions
2020
$2.5M
2020
Price N/A
2019
Price N/A
2019
Price N/A
2019
$502,500

Zoning & alternative use

C-2 · Concord, NC
Zoning description

The C-2 District is established to provide areas for general commercial activities designed to serve the community such as shopping centers, repair shops, wholesale businesses, and retail sales with limited outdoor displ…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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