Property profile

7704 Sossamon NW Ln Concord, NC 28027

OFF-MARKET
Retail space
Property ID
US53-1329577
3,255 SF 0.92 ac lot Built 2002
Entity Owned 13-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2002
Construction WOOD
Total area 3,255 SF
Lot 0.92 ac (40,075 SF)
Zoning code C-2
APN 4599 01 6971
UPID US53-1329577

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Rental Facility

Location

7704 Sossamon NW Ln Concord, NC 28027-3308
Concord metro Census 42602 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$765k
Comparable Approach Comparable
$658k
Blend (final) Blend
$625k

Owner & transaction history

since 2012
4 recorded transactions
2012
$700,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-2 · Concord, NC
Zoning description

The C-2 District is established to provide areas for general commercial activities designed to serve the community such as shopping centers, repair shops, wholesale businesses, and retail sales with limited outdoor displ…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $880,000 +104.6%
Medical building $720,000 +67.1%
Auto repair, garage $470,000 +8.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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