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    5411 Village Dr Concord, NC 28027
    Property profile & analytics

    5411 Village Dr, Concord, NC 28027

    View on Map
    • Lifestyle centers
    • 2,400 SF
    Off-Market
    Property ID
    US53-5258272
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Rouse Agency: Allstate Insurance / Insurance Agency
    • Premier Electrical Staffing / Employment Agency

    Property Details for 5411 Village Dr

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 8, 2021 $611,000 Pes Village Drive LLC Take Five Investments LLC Warranty Deed —
    Jul 12, 2018 $675,000 Take Five Investments LLC Chesterfield Retail LLC Special Warranty Deed $473k · Wells Fargo Bank National Asso

    Description

    Afton Village presents a unique investment opportunity in Concord, North Carolina. This exceptional property encompasses 2,400 square feet of versatile space, ideally suited for a variety of commercial uses. The property is classified as an executive office, shopping center, and storefront, offering significant flexibility for potential buyers. Situated at 5411 Village Dr NW, Concord, NC 28027, this location benefits from its proximity to Interstate 85, ensuring excellent accessibility and visibility. The property consists of two single-story buildings, providing ample space for various business needs. The asking price is $850,000. Afton Village is part of a larger mixed-use development that blends residential, commercial, and recreational areas, creating a vibrant and thriving community. This strategic location within a well-established community offers significant potential for growth and return on investment. The property's diverse zoning allows for a range of business ventures, making it an attractive option for entrepreneurs and investors seeking a prime location in a rapidly growing area of Concord. The 2400 square feet provides ample space for a variety of configurations to suit individual business requirements. This is a rare opportunity to acquire a well-positioned commercial property in a desirable and rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.6702537
    Latitude
    35.4142089

    Comparable in this City

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      5,300 SF

      Entertainment Space Near Concord Mills

      Retail investment opportunity near Concord Mills Mall in Concord, NC.
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    Similar Nearby for Sale

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      5,300 SF

      Established Entertainment Space For Sale

      Retail investment opportunity in a top North Carolina tourist destination.
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      120,689 SF

      Grocery Anchored Shopping Center

      Premier shopping center in Concord, North Carolina, 100% leased.
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      Retail Space For Sale

      Retail space featuring 2,689 square feet of space.
      1446 Winecoff School Rd, Concord, NC 28027
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      5,300 SF

      Entertainment Space Near Concord Mills

      Retail investment opportunity near Concord Mills Mall in Concord, NC.
      7840 Lyles Ln NW, Concord, NC 28027
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    Similar Nearby for Lease

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      1,200 SF

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      Retail Space Near Concord Mills

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      14,000 SF

      Mixed-Use Retail Center For Rent

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      Office and Daycare Space Available

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      Retail, Office, Medical Space Available

      Two-story neighborhood center with retail, office, and medical space.
      10030 Edison Square Dr NW, Concord, NC 28027
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      35,455 SF

      Retail Spaces and Outparcels Available

      Retail spaces and outparcels for lease in Concord, NC.
      545 Concord Pkwy N, Concord, NC 28027
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    Concord, NC 28027
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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.

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