Property profile

8520 Pit Stop NW Ct Concord, NC 28027

OFF-MARKET
Strip malls
Property ID
US53-1222002
8,926 SF 3.26 ac lot Built 2005
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2005
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,926 SF
Lot 3.26 ac (142,006 SF)
Zoning code C-2
APN 4589 65 4361
UPID US53-1222002

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Employment Agency
  • Restaurant
  • Nail Salon
  • Furniture & Home Goods

Location

8520 Pit Stop NW Ct Concord, NC 28027-8197
Concord metro Census 41306 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2018
Last sale
$7.5M
5 recorded transactions
2018
$5.8M
2013
$3.3M
2012
$4.0M
2007
Price N/A
2006
Price N/A

Zoning & alternative use

C-2 · Concord, NC
Zoning description

The C-2 District is established to provide areas for general commercial activities designed to serve the community such as shopping centers, repair shops, wholesale businesses, and retail sales with limited outdoor displ…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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