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Property profile & analytics
OFF-MARKET
Office Spaces
86 Wilkinson SE Ct Concord, NC 28025-3543
Entity Owned
3-yr Hold
Property ID
US53-1192596
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,570 SF
Lot
0.19 ac (8,468 SF)
Zoning code
CC
APN
5630 07 3907
UPID
US53-1192596
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
-
Better Wellness Chiropractic Alternative Medicine Practice
-
Better Wellness Chiropractic: Nicole A Gilliam, D.C. Alternative Medicine Practice
-
AFV Specialties Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Koto Properties LLC · 3 yrs held
Koto Properties LLC
since 2023
Last sale
$275,000
7 recorded transactions
Zoning & alternative use
CC · Concord, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,013
Tax year 2024
Assessed value
$260,650
Assessed 2024
Previous assessed
$161,070
+61.8% YoY
Effective rate
1.16%
On assessed value
Assessed land
$112,080
Assessed improvement
$148,570
Land market value
$112,080
Improvement market value
$148,570
Total market value
$260,650
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
1,570 SF
Lot
0.19 ac (8,468 SF)
Zoning code
CC
APN
5630 07 3907
UPID
US53-1192596
Jurisdiction
CABARRUS
Zoning & alternative use
CC · Concord, NC
Zoning CC · permitted uses
CC · 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.
Building & site characteristics
From public records
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Koto Properties LLC
Entity
Mailing address
65 CORBAN AVE SE STE #12, CONCORD, NC 28025-3548
Ownership since
2023
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 2, 2023
$275,000
Koto Properties LLC
Gjc Properties 2 LLC
Warranty Deed
—
Jan 8, 2020
—
Gjc Properties 2 LLC
—
Deed
related
$100,000 · Truist Bk
Apr 16, 2018
—
Gjc Properties 2 LLC
Gjc Ventures LLC
Quit Claim Deed
related
—
Sep 8, 2014
$96,000
Afv Construction LLC
Atg Investments LLC
Grant Deed
$81,600 · Branch Bk&tr
Oct 4, 2012
—
Atg Investments LLC
Armstrong Transport Group INC
Warranty Deed
$100,000 · Bank Of North Carolina
Dec 23, 2004
—
Allen C Johnson
Superior Props Of Iredell
Warranty Deed
related
—
Dec 1, 2004
—
Superior Props Of Iredell
Johnson,allen C & Joyce R
Warranty Deed
related
—
—
—
Gjc Properties 2 LLC
—
Deed Of Trust
related
$100,000 · Truist 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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