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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8581 Concord Mls Blvd Concord, NC 28027-5408

    • Drive through restaurants
    • 2,697 SF
    • 0.81 lot acres
    OFF-MARKET
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1247763
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 8581 Concord Mls Blvd

    Year built
    2009
    Construction
    WOOD
    Lot size
    0.81 lot acres
    Property size
    2,697 SF
    Zone code
    C-2
    Property type
    Drive through restaurants
    APN
    4589 55 8211
    APU
    4589558211

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $306,000
      Market price range: $138k - $311k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.725
    Latitude
    35.3731
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $23,646
    $1,587,760
    $786,360
    $2,374,120
    -
    $1,587,760
    $786,360
    $2,374,120

    Comparable in this City

    • Value Estimation
      $325,000
      4,545 SF

      6051 Bayfield Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,545 SF
      6051 Bayfield Pkwy, Concord, NC 28027-7597
      View Details
    • Value Estimation
      $250,000
      3,201 SF

      290 Concord S Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,201 SF
      290 Concord S Pkwy, Concord, NC 28027-8099
      View Details
    • Value Estimation
      $465,000
      4,879 SF

      8018 Concord Mls Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,879 SF
      8018 Concord Mls Blvd, Concord, NC 28027-4417
      View Details
    • Value Estimation
      $565,000
      6,136 SF

      7810 Lyles Ln Nw Ste A

      DRIVE-THRU RESTAURANT, FAST FOOD • 6,136 SF
      7810 Lyles Ln Nw Ste A, Concord, NC 28027-7234
      View Details
    • Value Estimation
      $2,900,000
      8,181 SF

      7761 Gtwy NW Ln

      DRIVE-THRU RESTAURANT, FAST FOOD • 8,181 SF
      7761 Gtwy NW Ln, Concord, NC 28027-4418
      View Details
    • Value Estimation
      $175,000
      4,971 SF

      30 Raiford NW Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,971 SF
      30 Raiford NW Dr, Concord, NC 28027
      View Details

    Similar Nearby for Sale

    • $1,500,000
      21,000 SF

      Concord Restaurant & Office Building

      Prime Concord location, 21,000 SF, $1.5M
      745 Cabarrus Ave, Concord, NC 28027
      View Details
    • $324,999

      Turn-Key Restaurant or Office Space

      Zoned B-1, turn-key restaurant or office space in Concord.
      686 Wilshire Ave, Concord, NC 28027
      View Details
    • Contact for pricing
      5,300 SF

      Established Entertainment Space For Sale

      Retail investment opportunity in a top North Carolina tourist destination.
      7840 Lyles Ln NW, Concord, NC 28027
      View Details
    • $2,900,000

      Retail Center Investment Opportunity

      Retail center for sale near Concord Mills Mall.
      7712 Sossamon Ln NW, Concord, NC 28027
      View Details
    • Contact for pricing
      5,300 SF

      Concord Retail Investment Opportunity

      Thriving iFly Indoor Skydiving Facility
      7840 Lyles Ln, Concord, NC 28027
      View Details
    • $2,200,000
      5,000 SF

      New Shell Building in Concord

      5,000 SF shell building suitable for various uses.
      3395 Jacobs Xing Blvd, Concord, NC 28027
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,100 SF

      Retail/Restaurant/Medical Space Near Concord Mills

      High-visibility retail space near Concord Mills with strong co-tenancy.
      3050 Derita Rd, Concord, NC 28027
      View Details
    • $22 SF/Yr
      56,628 SF

      Premier Retail-Office Space Near Mall

      Class A retail and office space near Concord Mills Mall.
      8415 Pit Stop Ct, Concord, NC 28027
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space Near Concord Mills

      Retail space for lease in mixed-use center near Concord.
      2410 Herrons Nest Pl NW, Concord, NC 28027
      View Details
    • Contact for pricing
      1,450 SF

      Retail Space Near Concord Mills

      Retail space for lease in mixed-use center near Concord.
      2405 Herrons Nest Pl NW, Concord, NC 28027
      View Details
    • $25 SF/Yr
      56,628 SF

      Retail Space Near Concord Mills

      Retail space available in premier Concord Mills area development.
      8415 Pit Stop Ct, Concord, NC 28027
      View Details
    • $10 SF/Yr
      21,691 SF

      Retail Space in Village Center

      21,691 SF retail space available for lease now.
      280 S Concord Pkwy, Concord, NC 28027
      View Details
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    Concord, NC 28027-5408
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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