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    4501 Raceway Dr SW Concord, NC 28027
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    Property profile & analytics

    4501 Raceway Dr SW Concord, NC 28027

    View on Map
    • Distribution centers
    • 14,400 SF
    • 1.00 lot acres
    For Lease
    $1,170,000
    View Listing →
    Versatile Flex Space in Concord For Lease
    $1,170,000
    3,600 SF

    Versatile Flex Space in Concord

    Flex space with office, warehouse, and easy highway access.

    4501 Raceway Dr SW, Concord, NC 28027
    View Listing
    Property ID
    US53-1546306
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Archery Learning Academy / High School / Vocational School
    • JC Building Inc. / Construction Company
    • AMR Heating & Cooling, Inc. / HVAC Service / General Contractor
    • F.I.T. / Gym & Fitness Center

    Property Details for 4501 Raceway Dr SW

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    1.00 lot acres
    Property size
    14,400 SF
    Zone code
    I-1
    Property type
    Distribution centers
    APN
    5518 66 8998
    APU
    5518668998

    Description

    This 3,600-square-foot flex space in Concord, NC, offers a versatile layout perfect for various industrial uses. Located at 4501 Raceway Drive, Suite 130, this single-tenant property boasts a fully conditioned office area, two restrooms, and a spacious warehouse. The warehouse features a clear span design with ceiling heights of approximately 17 feet at the center and 16 feet at the eaves, providing ample vertical space. Access is convenient with one drive-in door. The property includes approximately six gravel parking spaces and benefits from a robust electrical system, featuring one 3-phase, 225-amp, 240V electrical panel. Built in 2000, this building sits on a one-acre lot and is zoned I-1 (Light Industrial) by the City of Concord. Its location within the Motorsports Industrial Park provides easy access to major transportation arteries, including I-85 and Highway 49, ensuring efficient logistics and convenient commutes. The property is currently vacant and ready for immediate occupancy. This is an exceptional opportunity to secure a well-located, functional industrial space in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,295,000
      Market price range: $964k - $2.19M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,480,000
      Current use
      RETAIL STORES
      $1,905,000
      Change: +29% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.6203
    Latitude
    35.352
    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
    $13,250
    $209,190
    $1,121,140
    $1,330,330
    -
    $209,190
    $1,121,140
    $1,330,330

    Comparable in this City

    • Value Estimation
      $505,000
      5,000 SF

      4455 Motorsports SW Dr

      DISTRIBUTION WAREHOUSE • 5,000 SF
      4455 Motorsports SW Dr, Concord, NC 28027-8907
      View Details
    • Value Estimation
      $1,255,000
      14,100 SF

      4541 Raceway SW Dr

      DISTRIBUTION WAREHOUSE • 14,100 SF
      4541 Raceway SW Dr, Concord, NC 28027-8748
      View Details
    • Value Estimation
      $780,000
      7,320 SF

      4485 Raceway SW Dr

      DISTRIBUTION WAREHOUSE • 7,320 SF
      4485 Raceway SW Dr, Concord, NC 28027
      View Details
    • Value Estimation
      $6,765,000
      86,460 SF

      4525 Stough SW Rd

      DISTRIBUTION WAREHOUSE • 86,460 SF
      4525 Stough SW Rd, Concord, NC 28027-8965
      View Details
    • Value Estimation
      $1,570,000
      20,000 SF

      4380 Triple Crown SW Dr

      DISTRIBUTION WAREHOUSE • 20,000 SF
      4380 Triple Crown SW Dr, Concord, NC 28027-8978
      View Details
    • Value Estimation
      $855,000
      10,450 SF

      4509 Raceway SW Dr

      DISTRIBUTION WAREHOUSE • 10,450 SF
      4509 Raceway SW Dr, Concord, NC 28027-8748
      View Details

    Similar Nearby for Sale

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      Motorsports Drive Industrial Property

      9,375 SF industrial property with new 10-year lease.
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      View Details
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      Freestanding Industrial Building For Sale

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      View Details
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      Concord Warehouse with 36' Clearance

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      View Details
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    Concord, NC 28027
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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.

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