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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Warehouses
840 Biscayne Dr A Concord, NC 28027-8441
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-0672147
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Construction
STEEL FRAME
Total area
20,489 SF
Lot
2.53 ac (110,207 SF)
Zoning code
LI
APN
5601 24 6235
UPID
US53-0672147
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.77M
CAP Approach
CAP
$3.77M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.50M
Owner & transaction history
Investicore Propco 11 LLC · 5 yrs held
Investicore Propco 11 LLC
since 2021
Last sale
$4.6M
7 recorded transactions
Zoning & alternative use
LI · Concord, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Layer: Zoning (ID: 35)
Top alternative use upside
Commercial (general)
$5.5M
+163.7%
Medical building
$4.5M
+115.4%
Auto repair, garage
$3.0M
+40.2%
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
$3,150,000
ML approach
$2,765,000
CAP Approach
CAP Return
Estimation
6%
$4,080,000
6.5%
$3,765,000
7%
$3,495,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,105,000
Current use
COMMERCIAL (GENERAL)
$5,545,000
Change: +164% · Conversion: Difficult
MEDICAL BUILDING
$4,530,000
Change: +115% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,950,000
Change: +40% · Conversion: Easy
RETAIL STORES
$2,710,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $4.61M (Feb 26 2021)
Last sale anchor
$4.61M
Feb 26 2021
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
$171 / 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
$24,478
Tax year 2024
Assessed value
$2,155,730
Assessed 2024
Previous assessed
$1,865,900
+15.5% YoY
Effective rate
1.14%
On assessed value
Assessed land
$368,750
Assessed improvement
$1,786,980
Land market value
$368,750
Improvement market value
$1,786,980
Total market value
$2,155,730
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
20,489 SF
Lot
2.53 ac (110,207 SF)
Zoning code
LI
APN
5601 24 6235
UPID
US53-0672147
Jurisdiction
CABARRUS
Zoning & alternative use
LI · Concord, NCZoning LI · permitted uses
LI · Concord, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Layer: Zoning (ID: 35)
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$3.0M
RETAIL STORES
Est. value
$2.7M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.53 ac
Current owner
From public records · entity-resolved
Investicore Propco 11 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
9200 HUNTING CT, MATTHEWS, NC 28105-6598
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2021
$4,614,000
Investicore Propco 11 LLC
E & E Investment Properties LLC
Special Warranty Deed
—
Feb 24, 2020
—
E & E Inv Props LLC
—
Deed
related
$1,600,000 · Farmers & Merchants Nat'l Bk
Dec 27, 2018
—
E & E Inv Props LLC
—
Deed
related
$1,400,000 · Farmers & Merchants Nat'l Bk
Aug 28, 2014
$150,000
E & E Investment Props LLC
Edwards Zipporah B
Trustees Deed
—
—
—
E & E Inv Props LLC
—
Deed Of Trust
related
$1,400,000 · Farmers & Merchants Nat'l Bk
—
—
E & E Investment Props LLC
—
Deed Of Trust
related
$875,000 · Branch Bk&tr
—
—
Investments International INC
—
Deed Of Trust
related
$249,900 · Branch Banking & Trust Co
—
—
E & E Inv Props LLC
—
Deed Of Trust
related
$1,600,000 · Farmers & Merchants Nat'l Bk
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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