Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4651 Corporate Dr NW Concord, NC 28027

    • Industrial properties
    • 2.16 lot acres
    For Lease
    View listing
    Last Sale
    Apr 04, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1622387
    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

    • Industrial properties

    Property Details for 4651 Corporate Dr NW

    Lot size
    2.16 lot acres
    Zone code
    I-2
    Property type
    Industrial properties
    APN
    5601 73 6786
    APU
    5601736786

    Description

    This exceptional Class A commercial property, located at 4651 Corporate Drive in Concord, North Carolina, offers a unique blend of executive office and warehouse space. The 74,094 square foot building is currently fully vacant and available for lease, presenting a rare opportunity for a single tenant or multiple tenants. The flexible layout allows for spaces ranging from a minimum of 6,193 square feet to a maximum contiguous space of 12,387 square feet, accommodating a variety of business needs. The property boasts impressive features including 32-foot clear ceiling heights in the warehouse area, perfect for high-volume storage or manufacturing. Access is facilitated by 22 dock-high doors and 2 drive-in doors, ensuring efficient loading and unloading. Ample parking is provided with 160 spaces available for tenants and their clients. The property is zoned I-2, offering versatility for various industrial and commercial uses. Situated in Cabarrus County, this location provides easy access to major transportation routes and a thriving business community. The building is divided into 8 individual suites, offering flexibility for various occupancy scenarios. This prime Concord location, with its exceptional features and ample space, represents a significant opportunity for businesses seeking a modern and functional workspace. The property's size and zoning make it ideal for a variety of businesses, from distribution centers to light manufacturing and office operations. Contact us today to learn more about leasing this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.6527
    Latitude
    35.4252
    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
    $7,839
    $658,450
    $128,630
    $787,080
    -
    $658,450
    $128,630
    $787,080

    Comparable in this City

    • 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 by Request
      2.50 Acres

      Perry St

      INDUSTRIAL (GENERAL) • 2.50 Acres
      Perry St, Concord, NC 28027
      View Details
    • Value Estimation by Request
      0.30 Acres

      7461 Ruben Linker NW Rd

      INDUSTRIAL (GENERAL) • 0.30 Acres
      7461 Ruben Linker NW Rd, Concord, NC 28027
      View Details
    • Value Estimation by Request
      21.96 Acres

      400 Woodhaven NW Pl

      INDUSTRIAL (GENERAL) • 21.96 Acres
      400 Woodhaven NW Pl, Concord, NC 28027-9791
      View Details
    • Value Estimation by Request
      0.40 Acres

      1110 Kannapolis Pkwy

      INDUSTRIAL (GENERAL) • 0.40 Acres
      1110 Kannapolis Pkwy, Concord, NC 28027-7786
      View Details
    • Value Estimation by Request
      0.34 Acres

      Vietor Ave

      INDUSTRIAL (GENERAL) • 0.34 Acres
      Vietor Ave, Concord, NC 28027
      View Details

    Similar Nearby for Sale

    • $495,000
      4.73 Acres

      Concord Warehouse Development Site

      4.73-acre I-1 zoned land, $495,000
      256 Davidson Hwy, Concord, NC 28027
      View Details
    • $1,500,000
      4.90 Acres

      Industrial Land in Concord, NC

      Approximately 4.9 acres of industrial land available for sale.
      7501 Ruben Linker Rd NW, Concord, NC 28027
      View Details
    • $4,404,750
      25.17 Acres

      25 Acres Near Amazon Center

      25 acres of land in a rapidly developing area.
      6762 Davidson Hwy, Concord, NC 28027
      View Details
    • $3,400,000

      Concord Industrial Building For Sale

      Single-tenant industrial building in Concord's commercial corridor, near Concord Mills.
      840 Derita Rd, Concord, NC 28027
      View Details
    • $1,799,000
      14,000 SF

      14,200 SF Industrial Building For Sale

      High-quality industrial building in International Industrial Park with flexible space.
      4312 Republic Ct NW, Concord, NC 28027
      View Details
    • $4,404,750
      25.17 Acres

      25 Acres Near Amazon Center

      25 acres in rapidly developing area near Amazon Distribution Center.
      6762 Davidson Hwy, Concord, NC 28027
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      932,962 SF

      Spacious Warehouse with Undeveloped Land

      932,962 SF warehouse with 74 acres of undeveloped land.
      1000 Stanley Dr, Concord, NC 28027
      View Details
    • Contact for pricing

      Concord Warehouse Space Available

      Warehouse, industrial, and distribution property available for rent in Concord.
      1000 Stanley Dr, Concord, NC 28027
      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
    • Contact for pricing
      41,840 SF

      Cross-Dock Facility with Trailer Stalls

      41,840 SF cross-dock facility on 7.25 usable acres.
      655 Goodman Rd, Concord, NC 28027
      View Details
    • $3,800 /Mo
      87,120 SF

      Concord Flex Space For Rent

      End-unit flex space in prime Concord location available for rent.
      51 Carpenter Ct, Concord, NC 28027
      View Details
    • $13 SF/Yr
      3,600 SF

      Concord Flex Space - I-85 Access

      3600 SF Flex Warehouse, Ideal Location
      4501 Raceway Dr, Concord, NC 28027
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4651 Corporate Dr NW
    Concord, NC 28027
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.