Technical
Financial
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Property profile

4633 Orphanage Rd Concord, NC 28027

OFF-MARKET
Land
Property ID
US53-0643401
14.6 ac lot
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Property summary

AI-generated overview

This ±14.6-acre site in Concord, NC, presents a remarkable opportunity for multifamily development. Approved plans allow for a 240-unit, three-story garden-style walk-up community. Located in the rapidly growing Charlotte MSA, this property boasts exceptional regional connectivity, with direct access to Highway 85 (114,000 vehicles per day) and Highway 73 (18,500 vehicles per day). The site's strategic location ensures proximity to major employers, retail amenities, and other demand drivers, making it highly attractive to potential residents. Significant site work is already partially completed, streamlining the development process. The property benefits from a 100% sewer allocation and favorable demographics within a booming submarket. This fully approved project offers an unparalleled chance to capitalize on the strong demand for multifamily housing in this thriving area. The addresses are 4633 and 4489 Orphanage Rd, Concord, NC 28027, within Cabarrus County. This exceptional location offers unparalleled access to the area's key employment centers and amenities. The streamlined development process, coupled with the existing infrastructure, minimizes development time and maximizes return on investment. This is a truly exceptional opportunity to build a thriving multifamily community in a high-demand location.

Property profile

Verified
Property type Land
Lot 14.6 ac (635,976 SF)
UPID US53-0643401

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4633 Orphanage Rd Concord, NC 28027
Concord metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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