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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Automotive properties
965 Concord S Pkwy Concord, NC 28027-9061
Entity Owned
13-yr Hold
Free & Clear
Property ID
US53-2728294
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,240 SF
Lot
2.3 ac (100,188 SF)
Zoning code
C-2
APN
5610 61 6652
UPID
US53-2728294
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
-
Modern Genesis of Concord Service and Parts Auto Repair Shop
-
Modern Hyundai of Concord Parts Center Auto Parts Store
-
Modern Hyundai of Concord Service Center Auto Repair Shop Vehicle Inspection Center
-
Modern Hyundai of Concord Car Dealership
-
Genesis of Concord Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$728k
Blend (final)
Blend
$640k
Owner & transaction history
Modern Real Estate Invtrs LLC · 13 yrs held
Modern Real Estate Invtrs LLC
since 2012
4 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
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$28 / 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
$26,038
Tax year 2024
Assessed value
$2,614,280
Assessed 2024
Previous assessed
$2,338,970
+11.8% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,823,420
Assessed improvement
$790,860
Land market value
$1,823,420
Improvement market value
$790,860
Total market value
$2,614,280
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Bathrooms
4
Total area
23,240 SF
Lot
2.3 ac (100,188 SF)
Zoning code
C-2
APN
5610 61 6652
UPID
US53-2728294
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
4
Lot
2.3 ac
Current owner
From public records · entity-resolved
Modern Real Estate Invtrs LLC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 1770, CLEMMONS, NC 27012-1770
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2018
—
Modern R & E Invtrs LLC
—
Grant Deed
related
$56,428,000 · Wfb NA
Jul 21, 2014
—
Modern Real Estate Invtrs LLC
—
Loan Modification
related
$19,487,100 · Wells Fargo Bk
Aug 29, 2012
—
Modern Real Estate Invtrs LLC
Jordan,w Ronald & Julie
Grant Deed
related
—
May 17, 2012
$2,250,000
Modern Real Estate Invtrs LLC
Jordan,w Ronald
Grant Deed
$3,250,000 · Wells Fargo Bank
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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