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    Property profile & analytics

    500 Penny Ln Concord, NC 28025-0600

    • Assisted living facilities
    • 59,300 SF
    • 4.54 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 01, 2025
    Location Intelligence
    Property ID
    US53-0243191
    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

    • Morningside of Concord / Mental Health Service / Retirement Community

    Property Details for 500 Penny Ln

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.54 lot acres
    Property size
    59,300 SF
    Zone code
    C-2
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    5622 51 3268
    APU
    5622513268

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.5938
    Latitude
    35.4464
    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
    $135,124
    $1,706,700
    $11,859,980
    $13,566,680
    -
    $1,706,700
    $11,859,980
    $13,566,680

    Comparable in this City

    • Value Estimation by Request
      36,163 SF

      250 Bishop Ln

      HOMES (RETIRED, NURSING) • 36,163 SF
      250 Bishop Ln, Concord, NC 28025-2888
      View Details
    • Value Estimation
      $175,000
      3,370 SF

      89 Ashlyn SE Dr

      HOMES (RETIRED, NURSING) • 3,370 SF
      89 Ashlyn SE Dr, Concord, NC 28025-3546
      View Details
    • Value Estimation by Request
      106,777 SF

      240 Branchview NE Dr

      HOMES (RETIRED, NURSING) • 106,777 SF
      240 Branchview NE Dr, Concord, NC 28025-3498
      View Details
    • Value Estimation by Request
      2,979 SF

      211 Long NE Ave

      HOMES (RETIRED, NURSING) • 2,979 SF
      211 Long NE Ave, Concord, NC 28025-3334
      View Details
    • Value Estimation
      $175,000
      4,960 SF

      630 Wilhelm NE Pl

      HOMES (RETIRED, NURSING) • 4,960 SF
      630 Wilhelm NE Pl, Concord, NC 28025-2532
      View Details
    • Value Estimation by Request
      18,325 SF

      331 Corban SE Ave

      HOMES (RETIRED, NURSING) • 18,325 SF
      331 Corban SE Ave, Concord, NC 28025-2710
      View Details

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    500 Penny Ln
    Concord, NC 28025-0600
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    Realmo Value Estimation

    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.

    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.

    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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