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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7905 Lyles NW Ln Concord, NC 28027-7111

    • Outlet malls
    • 112,661 SF
    • 11.00 lot acres
    OFF-MARKET
    Last Sale
    Nov 08, 2024
    $25,368,500
    Value Estimations
    $25,370,000
    Show details
    Cap Rate Potential
    6.8%
    Outlet malls
    Location Intelligence
    Property ID
    US53-1442309
    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

    • BJ's Bakery / Bakery / Specialty Food Shop
    • BJ's Optical / (Bike/Boat/Book/etc) Store
    • BJ's Wholesale Club / Big Box & Wholesale Store / Grocery & Convenience Store
    • Restroom / Public Bathroom
    • BJ’s Gas Station / Gas Station

    Property Details for 7905 Lyles NW Ln

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    11.00 lot acres
    Property size
    112,661 SF
    Zone code
    C-2
    Property type
    Outlet malls
    APN
    4589 92 0044
    APU
    4589920044

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $25,370,000
      ML approach
      $25,370,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $28,755,000
      6.5%
      $26,545,000
      7%
      $24,650,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $35,425,000
      COMMERCIAL (GENERAL)
      $30,490,000
      MEDICAL BUILDING
      $24,910,000
      AUTO REPAIR, GARAGE
      $16,215,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.7137
    Latitude
    35.3648
    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
    $133,945
    $5,250,030
    $8,198,250
    $13,448,280
    -
    $5,250,030
    $8,198,250
    $13,448,280

    Comparable in this City

    • Value Estimation
      $18,550,000
      195,559 SF

      5825 Thunder Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 195,559 SF
      5825 Thunder Rd, Concord, NC 28027-7270
      View Details
    • Value Estimation
      $18,130,000
      213,698 SF

      150 Concord Cmns SW Pl

      WHOLESALE OUTLET, DISCOUNT STORE • 213,698 SF
      150 Concord Cmns SW Pl, Concord, NC 28027-5026
      View Details
    • Value Estimation by Request
      5,250 SF

      637 Concord N Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE • 5,250 SF
      637 Concord N Pkwy, Concord, NC 28027-6033
      View Details
    • Value Estimation
      $8,400,000
      176,152 SF

      6150 Bayfield Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE • 176,152 SF
      6150 Bayfield Pkwy, Concord, NC 28027-7486
      View Details
    • Value Estimation
      $49,250,000
      30,108 SF

      6004 Bayfield Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE • 30,108 SF
      6004 Bayfield Pkwy, Concord, NC 28027-7597
      View Details
    • Value Estimation
      $5,390,000
      50,838 SF

      8050 Concord Mls Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 50,838 SF
      8050 Concord Mls Blvd, Concord, NC 28027-4417
      View Details

    Similar Nearby for Sale

    • $3,400,000

      Concord Industrial Building For Sale

      Single-tenant industrial building in Concord's commercial corridor, near Concord Mills.
      840 Derita Rd, Concord, NC 28027
      View Details
    • $3,047,000
      4,262 SF

      Concord, NC Dental Storefront

      High-yield, corporate-guaranteed dental office.
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      5,300 SF

      Established Entertainment Space For Sale

      Retail investment opportunity in a top North Carolina tourist destination.
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      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
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      New Shell Building in Concord

      5,000 SF shell building suitable for various uses.
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      14,590 SF

      Concord Daycare Center Investment

      14,590 SF Daycare, Net Lease, 7+ Years Remaining
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Site Near Concord Mills

      Retail site with freeway visibility and strong traffic counts.
      8455 Pit Stop Ct NW, Concord, NC 28027
      View Details
    • Contact for pricing

      Retail Center Anchored by Harris Teeter

      79,579 SF retail center in Concord, North Carolina.
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      Retail Space Near Concord Mills

      Retail property with high visibility near Concord Mills and I-85.
      8660 Concord Mills Blvd, Concord, NC 28027
      View Details
    • Contact for pricing
      23,200 SF

      Mixed-Use Retail Center For Rent

      Retail and office spaces available in Concord, NC.
      9620 Christenbury Pkwy, 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
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    Concord, NC 28027-7111
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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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