Entity Owned 
For Lease
1 / 4
$1,015,000
8660 Concord Mills Blvd, Concord, NC 28027
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2014
Construction
STEEL FRAME
Total area
5,304 SF
Lot
1.39 ac (60,548 SF)
Zoning code
MX-CC2
APN
4589 55 0802
UPID
US53-4043648
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.02M
Owner & transaction history
since 2012
4 recorded transactions
Zoning & alternative use
MX-CC2 · Concord, NC
Zoning description
The primary purpose of the Mixed Use Districts is to promote and protect public health safety, and general welfare. Promote the best use of the land and buildings in accordance with the Comprehensive Plan. Create a pedes…
General category
MIXED_USE
Top alternative use upside
Restaurant
$1.7M
+137.7%
Commercial (general)
$1.4M
+104.6%
Medical building
$1.2M
+67.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 10 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.02M
Value range
$914k – $1.12M
±10% around blend
Estimated value / SF
$191 / SF
Confidence
High
10 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$914k
blend $1.02M
$1.12M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,304 SF
Lot area
1.39 ac
Year built
2014
Stories
1
APN
4589 55 0802
Zoning
MX-CC2
Assessed value
$4,893,670
Annual tax
$48,741
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.25M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.36M
@ 6.5% CAP return
$1.25M
@ 7% CAP return
$1.16M
4
Sales comparison
Partial preview
Sales approach indication
$1.11M
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
12.5 mi away · 4,863 SF
13.1 mi away · 6,663 SF
13.7 mi away · 3,825 SF
16.4 mi away · 4,890 SF
18.5 mi away · 6,217 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.02M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 22 sales
$132
+45%
Submarket 54 sales
$113
+70%
County 79 sales
$119
+60%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $191/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+138%
vs current-use indication
Commercial (general)
Medical Building
Auto Repair, Garage
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.89M
Move the market yield to see immediate price impact.
Value / SF
$923
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$308k
$6.17M
$4.40M
$3.43M
$343k
$6.85M
$4.89M
$3.81M
$377k
$7.54M
$5.38M
$4.19M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$750k
8.2 mi · Dec 2025 · $171/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$48,741
Tax year 2024
Assessed value
$4,893,670
Assessed 2024
Previous assessed
$2,890,750
+69.3% YoY
Effective rate
1.00%
On assessed value
Assessed land
$2,876,050
Assessed improvement
$2,017,620
Land market value
$2,876,050
Improvement market value
$2,017,620
Total market value
$4,893,670
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2014
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
5,304 SF
Lot
1.39 ac (60,548 SF)
Zoning code
MX-CC2
APN
4589 55 0802
UPID
US53-4043648
Jurisdiction
CABARRUS
Zoning & alternative use
MX-CC2 · Concord, NCZoning MX-CC2 · permitted uses
MX-CC2 · Concord, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The primary purpose of the Mixed Use Districts is to promote and protect public health safety, and general welfare. Promote the best use of the land and buildings in accordance with the Comprehensive Plan. Create a pedes…
General category
MIXED_USE
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.39 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
MX-CC2
MIXED_USE
Jurisdiction
Concord, NC
Recorded code
MX-CC2
Official district
MX-CC2
Official district profile
What the municipal code says about MX-CC2
Zoning description
The primary purpose of the Mixed Use Districts is to promote and protect public health safety, and general welfare. Promote the best use of the land and buildings in accordance with the Comprehensive Plan. Create a pedes…
General category
MIXED_USE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MX-CC2 in Concord, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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