Property profile

8561 Concord Mls Blvda Concord, NC 28027

OFF-MARKET
Strip malls
Property ID
US53-3558902
10,881 SF 1.2 ac lot Built 2012
Entity Owned 16-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2012
Construction STEEL FRAME
Total area 10,881 SF
Lot 1.2 ac (52,272 SF)
Zoning code C-2
APN 4589 55 9195
UPID US53-3558902

Cap rate & NOI

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

Location

8561 Concord Mls Blvda Concord, NC 28027-5408
Concord metro Census 41306 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$530k
CAP Approach CAP
by Request
Comparable Approach Comparable
$492k
Blend (final) Blend
$510k

Owner & transaction history

since 2010
3 recorded transactions
2010
$900,000
2004
$515,000
1969
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
Top alternative use upside
Apartment house (5+ units) $820,000 +110.1%
Restaurant $790,000 +102.7%
Medical building $575,000 +47.2%

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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