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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Individual retail properties
940 Concord N Pkwy Concord, NC 28027-5943
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-4765234
Property profile
Verified
Property type
Individual retail properties
Use group
GARDEN CENTER, HOME IMPROVEMENT
Year built
1999
Construction
STEEL FRAME
Total area
221,211 SF
Lot
20.88 ac (909,315 SF)
Zoning code
C-2
APN
5611 93 7899
UPID
US53-4765234
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
-
Minute Key Locksmith (Bike/Boat/Book/etc) Store
-
Lowe's ProServices Building Supply Industrial Manufacturer
-
Blue Rhino Propane Exchange Propane Supplier
-
Lowe's Garden Center Garden Center
-
Lowe's Rental Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$985k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$985k
Owner & transaction history
940 Concord Park Way LLC · 6 yrs held
940 Concord Park Way LLC
since 2019
5 recorded transactions
Zoning & alternative use
C-2 · 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
Method
Estimation
Statistic approach
by Request
ML approach
$985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$4 / 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
$101,147
Tax year 2024
Assessed value
$10,155,290
Assessed 2024
Previous assessed
$9,400,000
+8.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$3,294,460
Assessed improvement
$6,860,830
Land market value
$3,294,460
Improvement market value
$6,860,830
Total market value
$10,155,290
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
Individual retail properties
Use group
GARDEN CENTER, HOME IMPROVEMENT
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
221,211 SF
Lot
20.88 ac (909,315 SF)
Zoning code
C-2
APN
5611 93 7899
UPID
US53-4765234
Jurisdiction
CABARRUS
Zoning & alternative use
C-2 · Concord, NC
Zoning C-2 · permitted uses
C-2 · 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
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
20.88 ac
Current owner
From public records · entity-resolved
940 Concord Park Way LLC
Entity
Mailing address
550 SE 5TH AVE APT 906S, BOCA RATON, FL 33432-5644
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2019
$15,150,000
940 Concord Park Way LLC
Tailwind Charlotte Retail LLC
Grant Deed
$9,060,000 · Miscellaneous Ins Co
Jul 8, 2019
—
Tailwind Charlotte Retail LLC
—
Deed
related
—
Mar 7, 2016
$10,500,000
Tailwind Charlotte Retail LLC
Carolina Emerald LLC
Trustees Deed
$6,825,000 · Fidelity Bk
—
—
Tailwind Charlotte Retail LLC
—
Loan Modification
related
—
—
—
940 Concord Parkway North Conc
—
Deed Of Trust
related
$11,200,000 · Churchill Mtg Hm Loans
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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