Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    589 Concord Pkwy N Concord, NC 28027
    Back to Search
    Property profile & analytics

    589 Concord Pkwy N Concord, NC 28027

    View on Map
    • Grocery and convenience stores
    • 4,416 SF
    • 0.41 lot acres
    For Lease
    $535,000
    View Listing →
    Concord Parkway Outparcel for Lease For Lease
    $535,000

    Concord Parkway Outparcel for Lease

    1 to 1.5 acre outparcel at signalized intersection.

    589 Concord Pkwy N, Concord, NC
    View Listing
    Property ID
    US53-1753514
    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
    $535,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Citgo / Gas Station
    • S and R mart / Gas Station
    • CoinGenie Bitcoin ATM / Atm

    Property Details for 589 Concord Pkwy N

    Year built
    1995
    Construction
    STEEL FRAME
    Lot size
    0.41 lot acres
    Property size
    4,416 SF
    Zone code
    C-2
    Property type
    Grocery and convenience stores
    APN
    5610 99 3425
    APU
    5610993425

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $560,000
      ML approach
      $490,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $590,000
      RETAIL STORES
      $350,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.6134
    Latitude
    35.4139
    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
    $5,557
    $223,390
    $334,570
    $557,960
    -
    $223,390
    $334,570
    $557,960

    Comparable in this City

    • Value Estimation
      $510,000
      8,750 SF

      9960 Poplar 10th Rd

      CONVENIENCE STORE • 8,750 SF
      9960 Poplar 10th Rd, Concord, NC 28027-9304
      View Details
    • Value Estimation by Request
      15,782 SF

      7740 Bruton Smith Blvd

      CONVENIENCE STORE • 15,782 SF
      7740 Bruton Smith Blvd, Concord, NC 28027-5410
      View Details
    • Value Estimation
      $6,885,000
      53,195 SF

      5011 Weddington Rd

      GROCERY, SUPERMARKET • 53,195 SF
      5011 Weddington Rd, Concord, NC 28027-9035
      View Details
    • Value Estimation by Request
      4,622 SF

      2020 Kannapolis Hwy

      CONVENIENCE STORE • 4,622 SF
      2020 Kannapolis Hwy, Concord, NC 28027-4147
      View Details
    • Value Estimation by Request
      2.00 Acres

      3710 Concord S Pkwy

      CONVENIENCE STORE • 2.00 Acres
      3710 Concord S Pkwy, Concord, NC 28027-9055
      View Details
    • Value Estimation
      $530,000
      9,563 SF

      185 George W Liles NW Pkwy

      CONVENIENCE STORE • 9,563 SF
      185 George W Liles NW Pkwy, Concord, NC 28027-9039
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,300 SF

      Established Entertainment Space For Sale

      Retail investment opportunity in a top North Carolina tourist destination.
      7840 Lyles Ln NW, Concord, NC 28027
      View Details
    • Contact for pricing
      2,689 SF

      Retail Space For Sale

      Retail space featuring 2,689 square feet of space.
      1446 Winecoff School Rd, Concord, NC 28027
      View Details
    • $4,600,000

      Caliber Collision Investment Opportunity

      Long-term corporate lease in high-growth Charlotte submarket.
      2760 Concord Pkwy South, Concord, NC 28027
      View Details
    • Contact for pricing

      Turn-Key Restaurant or Office Space

      Zoned B-1, turn-key restaurant or office space in Concord.
      686 Wilshire Ave, Concord, NC 28027
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space Near Concord Mills

      Retail space in Walmart shadow-anchored center near Concord Mills.
      10-100 Concord Cmns Pl Southwest, Concord, NC 28027
      View Details
    • Contact for pricing
      1,940 SF

      Retail Space Near Concord Mills

      Retail space for lease in mixed-use center near Concord.
      2410 Herrons Nest Pl NW, Concord, NC 28027
      View Details
    • Contact for pricing

      Retail Development Land For Lease

      Land available for lease or ground lease in Concord, NC.
      9465 Camden Town Dr NW, Concord, NC 28027
      View Details
    • Contact for pricing
      35,455 SF

      Retail Spaces and Outparcels Available

      Retail spaces and outparcels for lease in Concord, NC.
      545 Concord Pkwy N, Concord, NC 28027
      View Details
    • Contact for pricing

      Retail Space Near Concord Mills

      Retail property with high visibility near Concord Mills and I-85.
      8660 Concord Mills Blvd, Concord, NC 28027
      View Details
    • Contact for pricing

      Retail Center Anchored by Harris Teeter

      79,579 SF retail center in Concord, North Carolina.
      5151 Poplar Tent Rd, Concord, NC 28027
      View Details
    View Listing
    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.
    589 Concord Pkwy N
    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

    Thank You for Inquiry
    589 Concord Pkwy N, Concord, NC, 28027
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!