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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Office Spaces
431 Church N St Concord, NC 28025-4577
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-0807691
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,244 SF
Lot
0.26 ac (11,326 SF)
Zoning code
C-2
APN
5621 52 7496
UPID
US53-0807691
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
-
Haigler Systems Tech Support Center IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$420k
Blend (final)
Blend
$635k
Owner & transaction history
Thundering Cloud Properties LLC · 1 yrs held
Thundering Cloud Properties LLC
since 2025
Last sale
$663,000
2 recorded transactions
Zoning & alternative use
C-2 · Concord, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$715,000
+71.8%
Auto repair, garage
$465,000
+11.8%
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
$555,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$420,000
Current use
MEDICAL BUILDING
$715,000
Change: +72% · Conversion: Easy
AUTO REPAIR, GARAGE
$465,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $663k (Jan 31 2025)
Last sale anchor
$663k
Jan 31 2025
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
$196 / 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
$3,819
Tax year 2024
Assessed value
$383,440
Assessed 2024
Previous assessed
$311,720
+23.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$147,230
Assessed improvement
$236,210
Land market value
$147,230
Improvement market value
$236,210
Total market value
$383,440
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
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Bathrooms
2
Total area
3,244 SF
Lot
0.26 ac (11,326 SF)
Zoning code
C-2
APN
5621 52 7496
UPID
US53-0807691
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
$420,000
MEDICAL BUILDING
Est. value
$715,000
AUTO REPAIR, GARAGE
Est. value
$465,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Thundering Cloud Properties LLC
Entity
Mailing address
PO BOX 1398, HUNTERSVILLE, NC 28070-1398
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2025
$663,000
Thundering Cloud Properties LLC
Property Renovation & Management Ll
Warranty Deed
$250,000 · First Citizens Bank & Trust Co
Jun 3, 2008
$325,000
Property Renovation & Mgmt LLC
Harroff,john C & Margaret W
Warranty 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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