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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Distribution centers
4338 Motorsports SW Dr Concord, NC 28027-8977
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-0568237
Property summary
AI-generated overview
This exceptional 5,000-square-foot industrial property, located at 4338 Motorsports Dr SW in Concord, North Carolina, presents a fantastic leasing opportunity. The building is classified as a single-tenant flex/warehouse space, ideal for a variety of businesses requiring both office and warehouse functionality. The property boasts a spacious layout with ceiling heights ranging from 12.25 feet to 15.5 feet, providing ample vertical storage capacity. Two convenient drive-in doors ensure efficient loading and unloading of goods. The zoning designation is I-1, suitable for a range of industrial uses. The property is situated in Cabarrus County, North Carolina, with a zip code of 28027, offering easy access to major transportation routes. The entire 5,000 square feet is currently vacant and ready for immediate occupancy. The property's APN is 55186863350000. This is a rare opportunity to secure a well-located, versatile industrial space in a thriving area. Contact us today to schedule a viewing and explore the possibilities this property offers for your business.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1997
Construction
STEEL FRAME
Total area
10,000 SF
Lot
1.7 ac (74,052 SF)
Zoning code
I-1
APN
5518 68 6335
UPID
US53-0568237
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
-
Great Glide Mobile Detailing Corp. Car Wash
-
Best Glide Mobile Detailing Car Wash
-
Steadfleet Heavy Equipment Repair Forklift Dealer Hydraulic Repair Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$790k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$805k
Owner & transaction history
Motorsports Drive LLC · 6 yrs held
Motorsports Drive LLC
since 2020
Last sale
$817,000
3 recorded transactions
Zoning & alternative use
I-1 · Concord, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+28.9%
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
$805,000
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,025,000
Current use
RETAIL STORES
$1,325,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$805k
Range $725k – $886k · ±10% · vs last sale $817k (Jan 2 2020)
Last sale anchor
$817k
Jan 2 2020
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
$81 / 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
$6,806
Tax year 2024
Assessed value
$1,180,840
Assessed 2024
Previous assessed
$812,320
+45.4% YoY
Effective rate
0.58%
On assessed value
Assessed land
$355,620
Assessed improvement
$825,220
Land market value
$355,620
Improvement market value
$825,220
Total market value
$1,180,840
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
10,000 SF
Lot
1.7 ac (74,052 SF)
Zoning code
I-1
APN
5518 68 6335
UPID
US53-0568237
Jurisdiction
CABARRUS
Zoning & alternative use
I-1 · Concord, NC
Zoning I-1 · permitted uses
I-1 · 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
$1.0M
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE Current
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
1997
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
4
Lot
1.7 ac
Current owner
From public records · entity-resolved
Motorsports Drive LLC
Entity
Free & Clear · 6 yrs held
Mailing address
805 TRADE ST NW STE #102, CONCORD, NC 28027-9648
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2020
—
Motorsports Drive LLC
John H JR
Warranty Deed
related
—
Jan 31, 2019
$817,000
John H Morrison JR
Jcmc Properties LLC
Warranty Deed
$289,000 · Farmers & Merchants Nat'l Bk
Apr 17, 2012
$550,000
Jcmc Properties LLC
Cone,walter & Jennifer A
Warranty Deed
$505,750 · Bank Of North Carolina
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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