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Property profile & analytics
OFF-MARKET
Estimated value
$33,775,000
Refrigerated & Cold Storage
6200 Gln Afton Blvd Concord, NC 28027
Entity Owned
10-yr Hold
Free & Clear
Property ID
US53-3466297
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
2015
Construction
STEEL FRAME
Total area
330,544 SF
Lot
54.39 ac (2,369,228 SF)
Zoning code
CD
APN
4691 60 9892
UPID
US53-3466297
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.83M
Blend (final)
Blend
$33.78M
Owner & transaction history
6200 Glen Afton LLC · 10 yrs held
6200 Glen Afton LLC
since 2016
2 recorded transactions
Zoning & alternative use
CD · Concord, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Conditional District
General category
UNKNOWN
Zone area
162.18 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$47.6M
+40.2%
Retail stores
$43.7M
+28.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$33,925,000
Current use
AUTO REPAIR, GARAGE
$47,570,000
Change: +40% · Conversion: Easy
RETAIL STORES
$43,730,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$33.78M
Range $30.40M – $37.15M · ±10%
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
$102 / 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
$729,567
Tax year 2024
Assessed value
$64,250,760
Assessed 2024
Previous assessed
$55,362,340
+16.1% YoY
Effective rate
1.14%
On assessed value
Assessed land
$14,488,890
Assessed improvement
$49,761,870
Land market value
$14,488,890
Improvement market value
$49,761,870
Total market value
$64,250,760
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
2015
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
3
Total area
330,544 SF
Lot
54.39 ac (2,369,228 SF)
Zoning code
CD
APN
4691 60 9892
UPID
US53-3466297
Jurisdiction
CABARRUS
Zoning & alternative use
CD · Concord, NCZoning CD · permitted uses
CD · Concord, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Conditional District
General category
UNKNOWN
Zone area
162.18 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$33.9M
AUTO REPAIR, GARAGE
Est. value
$47.6M
RETAIL STORES
Est. value
$43.7M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
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
2015
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
54.39 ac
Current owner
From public records · entity-resolved
6200 Glen Afton LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1300 GEZON PKWY SW, WYOMING, MI 49509-9300
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2016
$54,050,000
6200 Glen Afton LLC
Ck Gfs Holding LLC
Grant Deed
—
Jan 21, 2015
$6,002,500
Ck Gfs Holding LLC
Ck Lakepointe Corp Center LLC
Trustees Deed
related
$49,500,000 · Bank Of America
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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