Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6131 Old Concord Rd Charlotte, NC 28213

    • Warehouses
    • 15,055 SF
    • 1.46 lot acres
    For Sale
    View listing
    $2,150,000
    Last Sale
    Jan 03, 2023
    $2,000,000
    Value Estimations
    Cap Rate Potential
    8.7%
    Warehouses
    Location Intelligence
    Property ID
    US53-5697141
    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

    • Measurement Controls of the Carolinas, LLC / Industrial Manufacturer

    Property Details for 6131 Old Concord Rd

    Year built
    1985
    Lot size
    1.46 lot acres
    Property size
    15,055 SF
    Zone code
    I-2
    Property type
    Warehouses
    APN
    4902209
    APU
    4902209

    Description

    This vacant 15,158-square-foot industrial building, situated on a 1.5-acre lot in Charlotte, North Carolina, presents a compelling investment opportunity. Located at 6131 Old Concord Road, this property boasts a desirable ML-2 zoning designation, offering flexibility for a variety of industrial uses. Built in 1985, the building features a spacious warehouse area with a ceiling height ranging from 12 to 16 feet, complemented by one loading dock and one dock-high door. The property also includes a secure outdoor storage yard, adding to its functional appeal. Its strategic location provides convenient access to major transportation routes, including proximity to North Tryon Street and multiple interstates, ensuring seamless connectivity throughout the greater Charlotte metropolitan area. The property's excellent visibility along Old Concord Road further enhances its market appeal. The asking price for this versatile industrial space is $2,800,000. The property's parcel number (APN) is 04902209 and the zip code is 28213. This property is ideal for businesses seeking a well-located, functional industrial space with ample storage and convenient access to major roadways.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,140,000
      ML approach
      $2,210,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,110,000
      6.5%
      $2,870,000
      7%
      $2,665,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,675,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7618
    Latitude
    35.2636
    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
    2023
    $7,135
    $397,200
    $575,500
    $972,700
    -
    $397,200
    $575,500
    $972,700

    Comparable in this City

    • Value Estimation
      $3,130,000
      99,794 SF

      10020 John Russell Rd

      WAREHOUSE, STORAGE • 99,794 SF
      10020 John Russell Rd, Charlotte, NC 28213-5208
      View Details
    • Value Estimation
      $4,100,000
      38,650 SF

      Charlotte, NC 28213

      WAREHOUSE, STORAGE • 38,650 SF
      Charlotte, NC 28213
      View Details
    • Value Estimation
      $905,000
      9,000 SF

      12010 University City Blvd

      WAREHOUSE, STORAGE • 9,000 SF
      12010 University City Blvd, Charlotte, NC 28213-9249
      View Details
    • Value Estimation by Request
      960 SF

      5010 Tryon St

      WAREHOUSE, STORAGE • 960 SF
      5010 Tryon St, Charlotte, NC 28213-7036
      View Details
    • Value Estimation
      $5,770,000
      62,216 SF

      6115 Hl Cir

      WAREHOUSE, STORAGE • 62,216 SF
      6115 Hl Cir, Charlotte, NC 28213-6200
      View Details
    • Value Estimation
      $11,570,000
      149,703 SF

      6924 Orr Rd

      WAREHOUSE, STORAGE • 149,703 SF
      6924 Orr Rd, Charlotte, NC 28213-6443
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,900 SF

      Modern Industrial Flex Space

      Newly built, fully leased flex space with versatile layout.
      1700-1710 Industrial Center Cir, Charlotte, NC 28213
      View Details
    • $2,150,000
      15,158 SF

      Charlotte Flex/Industrial Facility For Sale

      15,158 SF flex/industrial facility with convenient access.
      6131 Old Concord Rd, Charlotte, NC 28213
      View Details
    • $1,000,000
      Pending

      Charlotte Commercial Land For Sale

      3.507 acre commercial land parcel in Charlotte, North Carolina.
      6519 Old Concord Rd, Charlotte, NC 28213
      View Details
    • $1,000,000
      Pending

      Charlotte Commercial Land For Sale

      3.507 acre commercial land parcel in Charlotte, North Carolina.
      6519 Old Concord Rd, Charlotte, NC 28213
      View Details
    • $1,100,000
      1.30 Acres

      High-Visibility Charlotte Commercial Lot

      Corner Lot, High Traffic, 1.3 Acres
      5801 Tryon St, Charlotte, NC 28213
      View Details
    • $250,000

      Residential Land in Growing Community

      Large parcel suitable for residential development in appreciating neighborhood.
      4545 Springview Rd, Charlotte, NC 28213
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      155,100 SF

      Industrial Park with Modern Features

      Class-A industrial park in Charlotte with move-in ready suites.
      6830 Orr Rd, Charlotte, NC 28213
      View Details
    • $6 SF/Yr
      149,810 SF

      Charlotte Industrial Space For Lease

      ±117,000 SF Warehouse; Prime Location
      6924 Orr Rd, Charlotte, NC 28213
      View Details
    • Contact for pricing
      88,250 SF

      Charlotte Warehouse Space Available

      88,250 SF Warehouse, Multiple Tenants
      4212 Raleigh St, Charlotte, NC 28213
      View Details
    • $8 SF/Yr
      125,100 SF

      Industrial Space in North Graham

      Class-A industrial park with modern features and ample storage.
      6900 Orr Rd, Charlotte, NC 28213
      View Details
    • Contact for pricing
      14,366 SF

      Warehouse with Fenced Yard

      14,366 SF warehouse with 1.92-acre fenced yard in Charlotte.
      1832 University Commercial Pl, Charlotte, NC 28213
      View Details
    • $6 SF/Yr
      116,978 SF

      Charlotte Distribution Facility with Trailer Parking

      Industrial facility with ample trailer parking, near I-85.
      6924 Orr Rd, Charlotte, NC 28213
      View Details
    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.
    6131 Old Concord Rd
    Charlotte, NC 28213
    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

    Google sign-in failed. Please try again or use another login method.