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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Grocery and convenience stores
859 Concord S Pkwy Concord, NC 28027-9060
Individually Owned
Free & Clear
Property ID
US53-2832981
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2012
Construction
STEEL FRAME
Total area
15,522 SF
Lot
2.6 ac (113,256 SF)
Zoning code
C2
APN
5610 82 2338
UPID
US53-2832981
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
-
Wells Fargo ATM Atm
-
Amazon Locker - Bunny Postal Service Courier Service
-
QuikTrip Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$855k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$825k
Blend (final)
Blend
$840k
Owner & transaction history
William L Abernathy Testamentary Ch
William L Abernathy Testamentary Ch
since 2026
6 recorded transactions
Zoning & alternative use
C2 · Concord, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.3M
+125.9%
Retail stores
$1.2M
+122.8%
Apartment house (5+ units)
$1.2M
+110.1%
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
by Request
ML approach
$855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$555,000
Current use
INDUSTRIAL (GENERAL)
$1,255,000
Change: +126% · Conversion: Difficult
RETAIL STORES
$1,240,000
Change: +123% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,170,000
Change: +110% · Conversion: Difficult
RESTAURANT
$1,125,000
Change: +103% · Conversion: Difficult
MEDICAL BUILDING
$820,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$840k
Range $756k – $924k · ±10%
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
$54 / 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
$56,243
Tax year 2024
Assessed value
$5,646,840
Assessed 2024
Previous assessed
$4,045,150
+39.6% YoY
Effective rate
1.00%
On assessed value
Assessed land
$3,091,890
Assessed improvement
$2,554,950
Land market value
$3,091,890
Improvement market value
$2,554,950
Total market value
$5,646,840
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2012
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Total area
15,522 SF
Lot
2.6 ac (113,256 SF)
Zoning code
C2
APN
5610 82 2338
UPID
US53-2832981
Jurisdiction
CABARRUS
Zoning & alternative use
C2 · Concord, NC
Zoning C2 · permitted uses
C2 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$555,000
INDUSTRIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
RESTAURANT
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$820,000
NEIGHBORHOOD: SHOPPING CENTER Current
INDUSTRIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
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
2012
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
2.6 ac
Current owner
From public records · entity-resolved
William L Abernathy Testamentary Ch
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 200, RAYMORE, MO 64083-0200
Ownership since
2026
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
Jan 9, 2026
$2,233,500
William L Abernathy Testamentary Ch
The Kern E Kenyon Revocable Trust
Special Warranty Deed
—
Apr 15, 2025
—
Fayman 1025 LLC
Community Bank Of Raymore
Warranty Deed
—
Jul 11, 2024
—
Community Bank Of Raymore
John Archer
Special Warranty Deed
—
Apr 12, 2013
$2,005,500
Kenyon,kern E Trust
Quiktrip Corp
Grant Deed
—
—
—
Kenyon,kern E Trust
—
Deed Of Trust
related
$4,240,748 · Community Bank Raymore
—
—
Kenyon,kern E Trust
—
Loan Modification
related
$4,240,748 · Community Bk/raymore
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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