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Property profile & analytics
OFF-MARKET
Estimated value
$25,370,000
Outlet malls
7905 Lyles NW Ln, Concord, NC 28027-7111
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-1442309
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2001
Construction
STEEL FRAME
Total area
112,661 SF
Lot
11 ac (479,160 SF)
Zoning code
C-2
APN
4589 92 0044
UPID
US53-1442309
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
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$25.37M
CAP Approach
CAP
$26.55M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.37M
Owner & transaction history
Pine24 Oncord LLC · 1 yrs held
Pine24 Oncord LLC
since 2024
Last sale
$25.4M
4 recorded transactions
Zoning & alternative use
C-2 · Concord, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$35.4M
+137.7%
Commercial (general)
$30.5M
+104.6%
Medical building
$24.9M
+67.1%
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
$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
Change: +138% · Conversion: Easy
COMMERCIAL (GENERAL)
$30,490,000
Change: +105% · Conversion: Easy
MEDICAL BUILDING
$24,910,000
Change: +67% · Conversion: Difficult
AUTO REPAIR, GARAGE
$16,215,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$25.37M
Range $22.83M – $27.91M · ±10% · vs last sale $25.37M (Nov 8 2024)
Last sale anchor
$25.37M
Nov 8 2024
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
$225 / 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
$133,945
Tax year 2024
Assessed value
$13,448,280
Assessed 2024
Previous assessed
$11,051,720
+21.7% YoY
Effective rate
1.00%
On assessed value
Assessed land
$5,250,030
Assessed improvement
$8,198,250
Land market value
$5,250,030
Improvement market value
$8,198,250
Total market value
$13,448,280
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
5
Total area
112,661 SF
Lot
11 ac (479,160 SF)
Zoning code
C-2
APN
4589 92 0044
UPID
US53-1442309
Jurisdiction
CABARRUS
Zoning & alternative use
C-2 · Concord, NC
Zoning C-2 · permitted uses
C-2 · Concord, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Concord. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$35.4M
COMMERCIAL (GENERAL)
Est. value
$30.5M
MEDICAL BUILDING
Est. value
$24.9M
AUTO REPAIR, GARAGE
Est. value
$16.2M
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
5
Lot
11 ac
Current owner
From public records · entity-resolved
Pine24 Oncord LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 2410, COLUMBUS, OH 43216-2410
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2024
$25,368,500
Pine24 Oncord LLC
Marketplace At Concord Mills LLC
Special Warranty Deed
—
Oct 25, 2013
—
Marketplace At Concord Mills LLC
Concord Mills Marketplace LP
Intrafamily Transfer
related
—
Nov 20, 2008
—
Concord Mills Marketplace
—
Deed Of Trust
related
$16,400,000 · Credit Suisse First Boston Mtg
Jan 7, 2004
—
Concord Mills Marketplace
Concord Mills Residual III
Quit Claim Deed
related
$16,400,000 · Key Bank & Trust
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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