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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4500 Corporate NW Dr Concord, NC 28027-9603

    • Refrigerated & Cold Storages
    • 157,816 SF
    • 40.43 lot acres
    OFF-MARKET
    Value Estimations
    $15,915,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0986635
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sysco Charlotte - Food Distributor & Restaurant Supplies / Distribution Service / Food Machinery Supplier

    Property Details for 4500 Corporate NW Dr

    Year built
    1997
    Construction
    STEEL FRAME
    Lot size
    40.43 lot acres
    Property size
    157,816 SF
    Zone code
    I-2
    Property type
    Refrigerated & Cold Storages
    APN
    5601 83 1148
    APU
    5601831148

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $16,200,000
      Current use
      AUTO REPAIR, GARAGE
      $22,710,000
      Change: +40% Conversion: Easy
      RETAIL STORES
      $20,880,000
      Change: +29% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.6513
    Latitude
    35.4235
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $259,477
    $5,817,550
    $20,234,330
    $26,051,880
    -
    $5,817,550
    $20,234,330
    $26,051,880

    Comparable in this City

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      $14,560,000
      190,682 SF

      55 Odell School Rd

      COLD STORAGE • 190,682 SF
      55 Odell School Rd, Concord, NC 28027-9732
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    • Value Estimation
      $4,785,000
      50,400 SF

      4537 Enterprise NW Dr

      COLD STORAGE • 50,400 SF
      4537 Enterprise NW Dr, Concord, NC 28027-6437
      View Details
    • Value Estimation
      $33,775,000
      330,544 SF

      6200 Gln Afton Blvd

      COLD STORAGE • 330,544 SF
      6200 Gln Afton Blvd, Concord, NC 28027
      View Details
    • Value Estimation by Request
      4.73 Acres

      256 Davidson Hwy

      Distribution properties • 4.73 Acres
      256 Davidson Hwy, Concord, NC 28027
      View Details
    • Value Estimation
      $1,135,000
      10,115 SF

      501 Pitts School NW Rd

      WAREHOUSE, STORAGE • 10,115 SF
      501 Pitts School NW Rd, Concord, NC 28027
      View Details
    • Value Estimation
      $2,615,000
      83,329 SF

      4412 Republic NW Ct

      WAREHOUSE, STORAGE • 83,329 SF
      4412 Republic NW Ct, Concord, NC 28027-7722
      View Details

    Similar Nearby for Sale

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      High-quality industrial building in International Industrial Park with flexible space.
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    • $2,000,000
      11,380 SF

      Freestanding Industrial Building For Sale

      11,380 SF industrial building with expansion potential on 1.79 acres.
      4500 Motorsports Dr SW, Concord, NC 28027
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    • $4,404,750
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      25 Acres Near Amazon Center

      25 acres of land in a rapidly developing area.
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    • $1,500,000
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      Industrial Land in Concord, NC

      Approximately 4.9 acres of industrial land available for sale.
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    Similar Nearby for Lease

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      46,637 SF

      Springs Business Park: Flex Space Available

      Charlotte Industrial Space: 4,250 - 46,637 SF
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      View Details
    • Contact for pricing

      Kannapolis Warehouse Space Available

      Warehouse space available for rent in Kannapolis, North Carolina.
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    • $10 SF/Yr
      3,600 SF

      Versatile Flex Space in Concord

      Flex space with office, warehouse, and easy highway access.
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    • Contact for pricing

      Concord Warehouse Space Available

      Warehouse, industrial, and distribution property available for rent in Concord.
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      View Details
    • Contact for pricing
      932,962 SF

      Spacious Warehouse with Undeveloped Land

      932,962 SF warehouse with 74 acres of undeveloped land.
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      View Details
    • $14 SF/Yr
      830 SF

      Freestanding Garage in Motorsports Park

      830 SF garage with easy access to I-85.
      4450-4462 Raceway Dr SW, Concord, NC 28027
      View Details
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    Concord, NC 28027-9603
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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