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

    455 Spg NW St Concord, NC 28025-4569

    • Warehouses
    • 62,180 SF
    • 3.65 lot acres
    OFF-MARKET
    Last Sale
    Jul 01, 2021
    $2,400,000
    Value Estimations
    $1,785,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0759135
    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

    • Charlotte Auto Body / Auto Body Shop
    • Otter Self Storage / Luggage Storage Facility / Records Storage Facility

    Property Details for 455 Spg NW St

    Year built
    1937
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.65 lot acres
    Property size
    62,180 SF
    Zone code
    MX-NC
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    5621 41 5553
    APU
    5621415553

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,640,000
      ML approach
      $2,030,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,222,000
      Market price range: $1.64M - $5.59M
      AI Estimate
      $1,755,000
      Market price range: $1.52M - $4.50M

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.5959
    Latitude
    35.4197
    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
    $29,653
    $1,311,700
    $1,665,460
    $2,977,160
    -
    $1,311,700
    $1,665,460
    $2,977,160

    Comparable in this City

    • Value Estimation
      $225,000
      1.60 Acres

      Hwy 73

      MINI-WAREHOUSE, STORAGE • 1.60 Acres
      Hwy 73, Concord, NC 28025
      View Details
    • Value Estimation
      $360,000
      6,100 SF

      345 Wilshire Ave Sw Ste A

      MINI-WAREHOUSE, STORAGE • 6,100 SF
      345 Wilshire Ave Sw Ste A, Concord, NC 28025-1630
      View Details
    • Value Estimation
      $470,000
      70,500 SF

      1261 Un S St

      MINI-WAREHOUSE, STORAGE • 70,500 SF
      1261 Un S St, Concord, NC 28025-5824
      View Details
    • Value Estimation
      $435,000
      3,570 SF

      3001 Rdg Ave

      MINI-WAREHOUSE, STORAGE • 3,570 SF
      3001 Rdg Ave, Concord, NC 28025-0824
      View Details
    • Value Estimation
      $360,000
      4,706 SF

      523 Webb Rd

      MINI-WAREHOUSE, STORAGE • 4,706 SF
      523 Webb Rd, Concord, NC 28025
      View Details
    • Value Estimation
      $575,000
      108,144 SF

      2515 Kannapolis NW Hwy

      MINI-WAREHOUSE, STORAGE • 108,144 SF
      2515 Kannapolis NW Hwy, Concord, NC 28025
      View Details

    Similar Nearby for Sale

    • $3,500,000
      18,035 SF

      Concord, NC Warehouse Investment Opportunity

      18,035 SF Warehouse, 3 Buildings, $3.5M
      1801 Norland Rd, Concord, NC 28025
      View Details
    • $285,000
      2.55 Acres

      Concord Industrial Land - $285K

      Rare I-2 Zoned Land, Concord, NC
      185 Duval St, Concord, NC 28025
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    • $265,000

      Free Standing Warehouse For Sale

      10,600 SF warehouse with loading dock and drive-in door.
      271 Franklin Ave, Concord, NC 28025
      View Details
    • $1,100,000
      0.52 Acres

      Retail/Warehouse Space on Hwy 73

      11,488 SF retail/warehouse on 0.52 acres in Concord, NC.
      487 Corban Ave SE, Concord, NC 28025
      View Details
    • $499,900
      5,000 SF

      Concord Industrial Tract with Warehouse

      3+/- acre industrial tract with 5,000+/- sq. ft. warehouse.
      387 Corban Ave SW, Concord, NC 28025
      View Details
    • $3,650,000
      20.00 Acres

      Concord, NC Industrial Land - 20 Acres

      Prime 20-acre industrial lot, Hwy 49S frontage.
      251 State Hwy 49, Concord, NC 28025
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      13,200 SF

      Industrial Space Available For Lease

      New industrial development with flexible building sizes and truck access.
      1108 Warren Coleman Blvd S, Concord, NC 28025
      View Details
    • $15 SF/Yr
      1,920 SF

      Concord Carwash - Industrial Lease

      1920 sq ft Carwash, Flex Space Available
      91 Corban Ave, Concord, NC 28025
      View Details
    • Contact for pricing
      15,900 SF

      Industrial Warehouse with Outside Storage

      Warehouse space with drive-in doors and outside storage.
      290-296 Executive Park Dr NE, Concord, NC 28025
      View Details
    • Contact for pricing
      7,500 SF

      Industrial Space at Gibson Mill

      Industrial space available for lease at Gibson Mill.
      320 Sign Dr NW, Concord, NC 28025
      View Details
    • $7 SF/Yr
      20,605 SF

      Former Mill Building For Lease

      Industrial space available for lease near major highways.
      192 Manor Ave SW, Concord, NC 28025
      View Details
    • $8,300 /Mo
      8,024 SF

      Office and Warehouse Space Available

      Versatile office, warehouse, and gated lot in Concord, NC.
      829 Davidson Dr NW, Concord, NC 28025
      View Details
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    455 Spg NW St
    Concord, NC 28025-4569
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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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