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    Property profile & analytics

    7761 Gtwy NW Ln Concord, NC 28027-4418

    • Drive through restaurants
    • 8,181 SF
    • 0.96 lot acres
    OFF-MARKET
    Value Estimation
    $2,935,000
    Last Sale
    Sep 19, 2023
    $2,850,000
    Location Intelligence
    Property ID
    US53-1276950
    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

    • Sonic Drive-In / Ice Cream Shop / Restaurant

    Property Details for 7761 Gtwy NW Ln

    Year built
    2004
    Construction
    WOOD
    Lot size
    0.96 lot acres
    Property size
    8,181 SF
    Zone code
    C-2
    Property type
    Drive through restaurants
    APN
    4599 02 0919
    APU
    4599020919

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,900,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,130,000
      6.5%
      $2,750,000
      7%
      $2,865,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,310,000
      Geo Method
      $2,975,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,190,000
      Retail
      $2,600,000
      Mixed-Use
      $3,455,000
      Hospitality
      $2,805,000
      Educational
      $3,090,000
      Residential Income
      $2,480,000
      Energy
      $3,330,000
      Income-Based Land
      $3,105,000
      Food Service
      $2,675,000

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.7106
    Latitude
    35.3674
    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
    $26,691
    $1,881,800
    $798,010
    $2,679,810
    -
    $1,881,800
    $798,010
    $2,679,810

    Comparable in this City

    • Value Estimation by Request
      4,545 SF

      6051 Bayfield Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,545 SF
      6051 Bayfield Pkwy, Concord, NC 28027-7597
      View Details
    • Value Estimation by Request
      3,201 SF

      290 Concord S Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,201 SF
      290 Concord S Pkwy, Concord, NC 28027-8099
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    • Value Estimation by Request
      4,879 SF

      8018 Concord Mls Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,879 SF
      8018 Concord Mls Blvd, Concord, NC 28027-4417
      View Details
    • Value Estimation by Request
      6,136 SF

      7810 Lyles Ln Nw Ste A

      DRIVE-THRU RESTAURANT, FAST FOOD • 6,136 SF
      7810 Lyles Ln Nw Ste A, Concord, NC 28027-7234
      View Details
    • Value Estimation
      $195,000
      4,971 SF

      30 Raiford NW Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,971 SF
      30 Raiford NW Dr, Concord, NC 28027
      View Details
    • Value Estimation by Request
      1,944 SF

      6065 Bayfield Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,944 SF
      6065 Bayfield Pkwy, Concord, NC 28027-7597
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,508 SF

      Concord Mills Retail Opportunity

      Former bank branch in a high-traffic retail hub.
      8541 Concord Mills Blvd, Concord, NC 28027
      View Details
    • $1,500,000
      21,000 SF

      Concord Restaurant & Office Building

      Prime Concord location, 21,000 SF, $1.5M
      745 Cabarrus Ave, Concord, NC 28027
      View Details
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      Turn-Key Restaurant or Office Space

      Zoned B-1, turn-key restaurant or office space in Concord.
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    • 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
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    • Contact for pricing
      5,300 SF

      Concord Retail Investment Opportunity

      Thriving iFly Indoor Skydiving Facility
      7840 Lyles Ln, Concord, NC 28027
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    • $2,200,000
      5,000 SF

      New Shell Building in Concord

      5,000 SF shell building suitable for various uses.
      3395 Jacobs Xing Blvd, Concord, NC 28027
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    Similar Nearby for Lease

    • Contact for pricing
      2,100 SF

      Retail/Restaurant/Medical Space Near Concord Mills

      High-visibility retail space near Concord Mills with strong co-tenancy.
      3050 Derita Rd, Concord, NC 28027
      View Details
    • $22 SF/Yr
      56,628 SF

      Premier Retail-Office Space Near Mall

      Class A retail and office space near Concord Mills Mall.
      8415 Pit Stop Ct, Concord, NC 28027
      View Details
    • Contact for pricing
      3,600 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
      1,450 SF

      Retail Space Near Concord Mills

      Retail space for lease in mixed-use center near Concord.
      2405 Herrons Nest Pl NW, Concord, NC 28027
      View Details
    • Contact for pricing
      67,061 SF

      Concord Retail Center - Cannon Crossroads

      High-traffic retail space, flexible layouts.
      9900 Poplar Tent Rd, Concord, NC 28027
      View Details
    • $10 SF/Yr
      21,691 SF

      Retail Space in Village Center

      21,691 SF retail space available for lease now.
      280 S Concord Pkwy, Concord, NC 28027
      View Details
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    Concord, NC 28027-4418
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    Realmo Value Estimation

    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.

    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.

    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
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