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    Property profile & analytics

    7840 Lyles Ln NW Concord, NC 28027

    • Retail properties & Spaces
    • 5,300 SF
    • 1.16 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-3501980
    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

    • iFLY Indoor Skydiving - Charlotte / Amusement Center / Children'S Amusement Center

    Property Details for 7840 Lyles Ln NW

    Lot size
    1.16 lot acres
    Property size
    5,300 SF
    Property type
    Retail properties & Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.7144
    Latitude
    35.3664

    Comparable in this City

    • Value Estimation by Request
      115,806 SF

      Christenbury Pkwy

      Retail properties & Spaces • 115,806 SF
      0 Christenbury Pkwy, Concord, NC 28027
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    • Value Estimation by Request
      4.88 Acres

      1430 Liles Pkwy

      Land • 4.88 Acres
      1430 Liles Pkwy, Concord, NC 28027
      View Details
    • Value Estimation by Request
      1,326 SF

      5405 Village Dr

      Retail properties & Spaces • 1,326 SF
      5405 Village Dr, Concord, NC 28027
      View Details
    • Value Estimation by Request
      67,061 SF

      9900 Poplar Tent Rd

      Retail properties & Spaces • 67,061 SF
      9900 Poplar Tent Rd, Concord, NC 28027
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    • Value Estimation by Request
      10,908 SF

      3645 Concord Pkwy

      Individual retail properties • 10,908 SF
      3645 Concord Pkwy, Concord, NC 28027
      View Details
    • Value Estimation by Request
      4,760 SF

      8657 Concord Mills Blvd

      Individual retail properties • 4,760 SF
      8657 Concord Mills Blvd, Concord, NC 28027
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      10060 Edison Square Dr NW, Concord, NC 28027

      Commercial land
      10060 Edison Square Dr NW, Concord, NC 28027
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      Turn-Key Restaurant or Office Space

      Zoned B-1, turn-key restaurant or office space in Concord.
      686 Wilshire Ave, Concord, NC 28027
      View Details
    • $850,000
      2.07 Acres

      Concord Commercial Land Opportunity

      2.07 Acres, Multi-Use Potential, $850,000
      1281 Old Charlotte Rd, Concord, NC 28027
      View Details
    • Contact for pricing
      5,300 SF

      Entertainment Space Near Concord Mills

      Retail investment opportunity near Concord Mills Mall in Concord, NC.
      7840 Lyles Ln NW, Concord, NC 28027
      View Details
    • Contact for pricing
      2,689 SF

      Retail Space For Sale

      Retail space featuring 2,689 square feet of space.
      1446 Winecoff School Rd, Concord, NC 28027
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Development Near Concord Mills

      Mixed-use development near Concord Mills with retail and multifamily.
      Christenbury Pkwy, Concord, NC 28027
      View Details
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      Retail Development Land For Lease

      Land available for lease or ground lease in Concord, NC.
      9465 Camden Town Dr NW, Concord, NC 28027
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      Retail Land Near Chick-Fil-A

      0.75 acre commercial land available for lease or build-to-suit.
      264 Concord Pkwy South, Concord, NC 28027
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      14,000 SF

      Mixed-Use Retail Center For Rent

      Retail and office spaces available in Concord, NC.
      9620 Christenbury Pkwy, Concord, NC 28027
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Concord, North Carolina.
      9900 Poplar Tent Rd, Concord, NC 28027
      View Details
    • Contact for pricing

      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
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    Concord, NC 28027
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    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
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