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Property profile & analytics
OFF-MARKET
Estimated value
$1,890,000
Retail space
802 Pitts School SW Rd Concord, NC 28027-3923
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-3618030
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,372 SF
Lot
2.09 ac (91,258 SF)
Zoning code
C-1
APN
5508 93 7937
UPID
US53-3618030
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.81M
CAP Approach
CAP
$2.21M
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.89M
Owner & transaction history
R2170 LLC · 6 yrs held
R2170 LLC
since 2020
Last sale
$1.9M
6 recorded transactions
Zoning & alternative use
C-1 · Concord, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.9M
+137.7%
Commercial (general)
$2.5M
+104.6%
Medical building
$2.1M
+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
$1,895,000
ML approach
$1,810,000
CAP Approach
CAP Return
Estimation
6%
$2,390,000
6.5%
$2,210,000
7%
$2,050,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,240,000
Current use
RESTAURANT
$2,945,000
Change: +138% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,535,000
Change: +105% · Conversion: Easy
MEDICAL BUILDING
$2,070,000
Change: +67% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,350,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$1.89M
Range $1.70M – $2.08M · ±10% · vs last sale $1.93M (Feb 21 2020)
Last sale anchor
$1.93M
Feb 21 2020
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
$202 / 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
$21,059
Tax year 2024
Assessed value
$2,114,330
Assessed 2024
Previous assessed
$1,792,260
+18.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$965,920
Assessed improvement
$1,148,410
Land market value
$965,920
Improvement market value
$1,148,410
Total market value
$2,114,330
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
9,372 SF
Lot
2.09 ac (91,258 SF)
Zoning code
C-1
APN
5508 93 7937
UPID
US53-3618030
Jurisdiction
CABARRUS
Zoning & alternative use
C-1 · Concord, NC
Zoning C-1 · permitted uses
C-1 · 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
RETAIL STORES Current
Est. value
$1.2M
RESTAURANT
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES Current
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
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.09 ac
Current owner
From public records · entity-resolved
R2170 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 1596, HARRISBURG, NC 28075-1596
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2020
$1,927,000
R2170 LLC
Teramore Dev LLC
Grant Deed
—
Jun 6, 2019
$175,000
Teramore Development LLC
Carolyn Child Care Properties LLC
Warranty Deed
$1,217,102 · Southwest Georgia Bank
Jun 6, 2019
—
Teramore Dev LLC
Carolina Child Care Prop LLC
Grant Deed
related
—
Feb 20, 2013
—
Carolina Child Care Props LLC
—
Grant Deed
related
$21,105,333 · Wells Fargo Bk
Mar 1, 2005
$225,000
Metrolina Dev Corp
Ronald R Locatis
Warranty Deed
—
Mar 11, 2003
$75,000
Ronald R Locatis
Cline,susan C
Grant Deed
—
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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