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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Auto shops
6007 Victory SW Ln, Concord, NC 28027-2608
Entity Owned
2-yr Hold
Property ID
US53-1352847
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1990
Construction
STEEL FRAME
Total area
15,080 SF
Lot
2.3 ac (100,188 SF)
Zoning code
EC
APN
4598 93 9602
UPID
US53-1352847
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
-
Spire Motorsports Racecourse
-
Leavine Family Racing Corporate Office Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$2.00M
Owner & transaction history
Hsrei LLC · 2 yrs held
Hsrei LLC
since 2024
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
EC · 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
Method
Estimation
Statistic approach
$2,000,000
ML approach
$2,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,170,000
Current use
RETAIL STORES
$1,995,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±10% · vs last sale $2.00M (May 31 2024)
Last sale anchor
$2.00M
May 31 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$133 / SF
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
$19,930
Tax year 2024
Assessed value
$2,021,280
Assessed 2024
Previous assessed
$2,052,280
-1.5% YoY
Effective rate
0.99%
On assessed value
Assessed land
$471,730
Assessed improvement
$1,549,550
Land market value
$471,730
Improvement market value
$1,549,550
Total market value
$2,021,280
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
23
Total area
15,080 SF
Lot
2.3 ac (100,188 SF)
Zoning code
EC
APN
4598 93 9602
UPID
US53-1352847
Jurisdiction
CABARRUS
Zoning & alternative use
EC · Concord, NC
Zoning EC · permitted uses
EC · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$2.2M
RETAIL STORES
Est. value
$2.0M
AUTO REPAIR, GARAGE Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
23
Lot
2.3 ac
Current owner
From public records · entity-resolved
Hsrei LLC
Entity
Mailing address
351 MAZEPPA RD, MOORESVILLE, NC 28115-7929
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2024
$2,000,000
Hsrei LLC
Spire Properties LLC
Special Warranty Deed
—
Dec 1, 2020
$1,750,000
Spire Properties LLC
Leavine Fenton Racing LLC
Special Warranty Deed
$1,415,000 · Truist Bank
May 17, 2018
—
Leavine Fenton Racing LLC
—
Deed
related
$1,630,293 · Texas Bk/brownwood
Jun 20, 2017
—
Leavine Fenton Racing LLC
—
Deed
related
$2,062,500 · Texas Bank And Trust Co
Apr 3, 2017
—
Leavine Family LP
—
Trustees Deed
related
$2,062,500 · Texas Bk
Feb 18, 2016
—
Leavine Fenton Racing LLC
Leavine Family LP
Quit Claim Deed
related
—
Nov 3, 2015
$507,500
The Leavine Family LP
Leavine Fenton Racing LLC
Special Warranty Deed
—
Jun 23, 2015
$850,000
Leavine Fenton Racing LLC
Substitute Te Svcs INC|rick Crawford Performance L
Trustees Deed
—
Jan 21, 2004
$1,402,500
Rick Crawford Performance LLC
United Properties Group LLC
Warranty Deed
$1,140,000 · Wachovia Bank NA
—
—
Leavine Fenton Racing LLC
—
Loan Modification
related
$1,630,293 · Texas Bk/brownwood
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.
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