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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Distribution centers
4364 Triple Crown SW Dr 200 Concord, NC 28027-8978
Entity Owned
3-yr Hold
Property ID
US53-3471279
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2015
Construction
STEEL FRAME
Total area
8,000 SF
Lot
1.4 ac (60,984 SF)
Zoning code
I-1
APN
5518 77 1663
UPID
US53-3471279
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
-
Chosen Legacy Elite Gym & Fitness Center
-
Kosmic Collision LLC Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.05M
Owner & transaction history
Spk4 LLC · 3 yrs held
Spk4 LLC
since 2023
Last sale
$1.1M
5 recorded transactions
Zoning & alternative use
I-1 · Concord, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+40.2%
Retail stores
$1.1M
+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
$1,070,000
ML approach
$1,065,000
CAP Approach
CAP Return
Estimation
6%
$1,595,000
6.5%
$1,470,000
7%
$1,365,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$820,000
Current use
AUTO REPAIR, GARAGE
$1,150,000
Change: +40% · Conversion: Easy
RETAIL STORES
$1,060,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.05M (Feb 28 2023)
Last sale anchor
$1.05M
Feb 28 2023
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
$131 / 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
$10,500
Tax year 2024
Assessed value
$1,054,170
Assessed 2024
Previous assessed
$703,080
+49.9% YoY
Effective rate
1.00%
On assessed value
Assessed land
$284,650
Assessed improvement
$769,520
Land market value
$284,650
Improvement market value
$769,520
Total market value
$1,054,170
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
2015
Construction
STEEL FRAME
Heating
RADIANT
Cooling
NONE
Stories
1
Total area
8,000 SF
Lot
1.4 ac (60,984 SF)
Zoning code
I-1
APN
5518 77 1663
UPID
US53-3471279
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
$820,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
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
2015
Construction
STEEL FRAME
Heating
RADIANT
Cooling
Yes
Stories
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Spk4 LLC
Entity
Mailing address
1485 BEN GRN RD, LEBANON, TN 37090-9555
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2023
$1,050,000
Spk4 LLC
Michael Joseph Wyatt
Special Warranty Deed
—
Oct 9, 2020
—
Michael J Wyatt
James E Wyatt
Quit Claim Deed
related
—
Sep 28, 2016
—
James E Wyatt
—
Deed
related
$1,500,000 · Farmers & Merchants Nat'l Bk
Sep 19, 2014
$70,000
James E Wyatt
Melling Tool Co INC
Grant Deed
—
—
—
James E Wyatt
—
Deed Of Trust
related
$1,500,000 · Farmers & Merchants Nat'l Bk
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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