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Property profile & analytics
OFF-MARKET
Estimated value
$14,790,000
Manufacturing properties
4540 Fortune NW Ave, Concord, NC 28027-8788
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-4866943
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2017
Construction
CONCRETE
Total area
75,298 SF
Lot
19.94 ac (868,586 SF)
Zoning code
I-2
APN
5601 84 4740
UPID
US53-4866943
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
-
GM Defense Production Facility Industrial Manufacturer
-
GM Defense llc Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.96M
CAP Approach
CAP
$11.10M
Comparable Approach
Comparable
$9.71M
Blend (final)
Blend
$14.79M
Owner & transaction history
Ppu 4540 Fortune Avenue LLC · 1 yrs held
Ppu 4540 Fortune Avenue LLC
since 2025
Last sale
$20.0M
2 recorded transactions
Zoning & alternative use
I-2 · Concord, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$15.6M
+156.4%
Commercial (general)
$10.1M
+65.7%
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
$18,970,000
ML approach
$8,955,000
CAP Approach
CAP Return
Estimation
6%
$12,020,000
6.5%
$11,095,000
7%
$10,300,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$15,620,000
Change: +156% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,095,000
Change: +66% · Conversion: Difficult
Blend value · Realmo final
$14.79M
Range $13.31M – $16.27M · ±10% · vs last sale $20.00M (Jul 1 2025)
Last sale anchor
$20.00M
Jul 1 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
$172,230
Tax year 2024
Assessed value
$17,292,140
Assessed 2024
Previous assessed
$17,322,420
-0.2% YoY
Effective rate
1.00%
On assessed value
Assessed land
$2,698,680
Assessed improvement
$14,593,460
Land market value
$2,698,680
Improvement market value
$14,593,460
Total market value
$17,292,140
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2017
Construction
CONCRETE
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
75,298 SF
Lot
19.94 ac (868,586 SF)
Zoning code
I-2
APN
5601 84 4740
UPID
US53-4866943
Jurisdiction
CABARRUS
Zoning & alternative use
I-2 · Concord, NC
Zoning I-2 · permitted uses
I-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
OFFICE BUILDING
Est. value
$15.6M
COMMERCIAL (GENERAL)
Est. value
$10.1M
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2017
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
19.94 ac
Current owner
From public records · entity-resolved
Ppu 4540 Fortune Avenue LLC
Entity
Free & Clear · 1 yrs held
Mailing address
300 RENAISSANCE CTR, DETROIT, MI 48243-1402
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
Jul 1, 2025
$20,000,000
Ppu 4540 Fortune Avenue LLC
General Motors LLC
Special Warranty Deed
—
Dec 23, 2019
$10,950,000
General Motors LLC
4540 Fortune Ave LLC
Grant 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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