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Property profile & analytics
OFF-MARKET
Hotels
580 Dickens NE Pl, Concord, NC 28025-2448
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1037217
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2009
Construction
WOOD
Total area
48,158 SF
Lot
1.54 ac (67,082 SF)
Zoning code
C-2
APN
5622 87 1363
UPID
US53-1037217
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Charlotte motor speedway Resort
-
Country Inn & Suites by Radisson, Concord (Kannapolis), NC Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Icare Hospitality Concord LLC · 1 yrs held
Icare Hospitality Concord LLC
since 2025
Last sale
$7.6M
6 recorded transactions
Zoning & alternative use
C-2 · Concord, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Concord submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Concord submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$122,071
Tax year 2024
Assessed value
$12,256,150
Assessed 2024
Previous assessed
$5,119,260
+139.4% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,019,650
Assessed improvement
$11,236,500
Land market value
$1,019,650
Improvement market value
$11,236,500
Total market value
$12,256,150
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2009
Construction
WOOD
Heating
HEAT PUMP
Cooling
WALL UNIT
Stories
3
Units
80
Total area
48,158 SF
Lot
1.54 ac (67,082 SF)
Zoning code
C-2
APN
5622 87 1363
UPID
US53-1037217
Jurisdiction
CABARRUS
Zoning & alternative use
C-2 · Concord, NC
Zoning C-2 · permitted uses
C-2 · Concord, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Concord. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2009
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
80
Lot
1.54 ac
Current owner
From public records · entity-resolved
Icare Hospitality Concord LLC
Entity
Mailing address
580 DICKENS PL NE, CONCORD, NC 28025-2448
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2025
$7,600,000
Icare Hospitality Concord LLC
Chance Atlantic Hospitality LLC
Special Warranty Deed
$5,550,000 · Uwharrie Mortgage INC
Apr 14, 2010
—
Chance Atlantic Hospitality Ll
Chance Atlantic Hospitality Ll
Quit Claim Deed
—
Jun 9, 2008
—
Chance Atlantic Hospitality Ll
Copperfield INC
Warranty Deed
related
—
Jun 3, 2008
$939,000
Chase Atlantic Hospitality LLC
Copperfield INC
Warranty Deed
$4,000,000 · High Trust Bank
Jun 3, 2008
—
Chance Atlantic Hospitality Ll
Copperfield INC
Grant Deed
related
—
—
—
Chance Atlantic Hospitality Ll
—
Deed Of Trust
related
$400,000 · Bangkok Bk Public Co Ltd New Y
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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