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    9825 Christenbury Pkwy Concord, NC 28027
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    9825 Christenbury Pkwy Concord, NC 28027

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    • Commercial land
    Off-Market
    Property ID
    US53-5244903
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 9825 Christenbury Pkwy

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    4.45 acre tract only sold with 2 additional 4.45 acre tracts for a total of 13.35 acres. Additional tracts are PIN 4589079438 in Cabarrus County and PIN 02963105 in Mecklenburg County (9801 and 000 Christenbury Parkway). Total frontage of 509" on Christenbury with all parcels combined. Concord water ... line on Christenbury Parkway. Mecklenburg sewer line at southernmost corner of 000 Christenbury. Prime Commercial Development Opportunity near upscale homes and retail in heavily traveled corridor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.7421606
    Latitude
    35.3803794

    Comparable in this City

    • $4,404,750
      Pending

      25 Acres Near Amazon Center

      25 acres of land in a rapidly developing area.
      6762 Davidson Hwy, Concord, NC 28027
      View Details
    • $6,484,000
      25.93 Acres

      Development Land Near Highway 29

      25.93-acre commercial land tract zoned RM-2 near Highway 29.
      Pitts School Rd, Concord, NC 28027
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      High-traffic land parcel near Concord Mills Mall and I-85.
      2475 Derita Rd, Concord, NC 28027
      View Details
    • Contact for pricing

      Commercial Land Near Kannapolis Parkway

      Commercial land with high traffic, utilities, and signalized access.
      6106 Old Macedonia Ct, Concord, NC 28027
      View Details
    • Contact for pricing

      Land Near Concord-Padgett Airport

      Land with frontage on I-85, near Concord-Padgett Regional Airport.
      6360 Poplar Tent Rd, Concord, NC 28027
      View Details

    Similar Nearby for Sale

    • $4,404,750
      Pending

      25 Acres Near Amazon Center

      25 acres of land in a rapidly developing area.
      6762 Davidson Hwy, Concord, NC 28027
      View Details
    • $6,484,000
      25.93 Acres

      Development Land Near Highway 29

      25.93-acre commercial land tract zoned RM-2 near Highway 29.
      Pitts School Rd, Concord, NC 28027
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      High-traffic land parcel near Concord Mills Mall and I-85.
      2475 Derita Rd, Concord, NC 28027
      View Details
    • Contact for pricing

      Commercial Land Near Kannapolis Parkway

      Commercial land with high traffic, utilities, and signalized access.
      6106 Old Macedonia Ct, Concord, NC 28027
      View Details
    • Contact for pricing

      Land Near Concord-Padgett Airport

      Land with frontage on I-85, near Concord-Padgett Regional Airport.
      6360 Poplar Tent Rd, Concord, NC 28027
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Concord Parkway Outparcel for Lease

      1 to 1.5 acre outparcel at signalized intersection.
      589 Concord Pkwy N, Concord, NC 28027
      View Details
    • Contact for pricing

      Retail Land Near Chick-Fil-A

      0.75 acre commercial land available for lease or build-to-suit.
      264 Concord Pkwy South, Concord, NC 28027
      View Details
    • Contact for pricing

      Retail Development Land For Lease

      Land available for lease or ground lease in Concord, NC.
      9465 Camden Town Dr NW, Concord, NC 28027
      View Details
    • Contact for pricing

      Concord Parkway Outparcel for Lease

      Outparcel available at signalized intersection of Concord and Poplar.
      535 Concord Pkwy N, Concord, NC 28027
      View Details
    • Contact for pricing
      932,962 SF

      Spacious Warehouse with Undeveloped Land

      932,962 SF warehouse with 74 acres of undeveloped land.
      1000 Stanley Dr, Concord, NC 28027
      View Details
    • Contact for pricing
      2,773 SF

      New Office Building For Rent

      Newly constructed office building with spaces available for rent.
      2339 Odell School Rd, Concord, NC 28027
      View Details
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    Concord, NC 28027
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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