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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Grocery and convenience stores
9960 Poplar 10th Rd Concord, NC 28027-9304
Entity Owned
16-yr Hold
Free & Clear
Property ID
US53-2296769
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2010
Construction
CONCRETE BLOCKS
Total area
8,750 SF
Lot
1.67 ac (72,745 SF)
Zoning code
CUC-2
APN
4681 01 1881
UPID
US53-2296769
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$502k
Blend (final)
Blend
$510k
Owner & transaction history
Mark Oil Co INC · 16 yrs held
Mark Oil Co INC
since 2010
2 recorded transactions
Zoning & alternative use
CUC-2 · Concord, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$710,000
+125.9%
Retail stores
$700,000
+122.8%
Apartment house (5+ units)
$660,000
+110.1%
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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$315,000
Current use
INDUSTRIAL (GENERAL)
$710,000
Change: +126% · Conversion: Difficult
RETAIL STORES
$700,000
Change: +123% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$660,000
Change: +110% · Conversion: Difficult
RESTAURANT
$635,000
Change: +103% · Conversion: Difficult
MEDICAL BUILDING
$460,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$58 / 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
$34,205
Tax year 2024
Assessed value
$3,434,250
Assessed 2024
Previous assessed
$2,675,560
+28.4% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,840,450
Assessed improvement
$1,593,800
Land market value
$1,840,450
Improvement market value
$1,593,800
Total market value
$3,434,250
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2010
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
2
Total area
8,750 SF
Lot
1.67 ac (72,745 SF)
Zoning code
CUC-2
APN
4681 01 1881
UPID
US53-2296769
Jurisdiction
CABARRUS
Zoning & alternative use
CUC-2 · Concord, NC
Zoning CUC-2 · permitted uses
CUC-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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$315,000
INDUSTRIAL (GENERAL)
Est. value
$710,000
RETAIL STORES
Est. value
$700,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$660,000
RESTAURANT
Est. value
$635,000
MEDICAL BUILDING
Est. value
$460,000
NEIGHBORHOOD: SHOPPING CENTER Current
INDUSTRIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
1.67 ac
Current owner
From public records · entity-resolved
Mark Oil Co INC
Entity
Free & Clear · 16 yrs held
Mailing address
PO BOX 32064, CHARLOTTE, NC 28232-2064
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2010
$1,162,500
Mark Oil Co INC
Crossroads Associates 1 LLC
Grant Deed
—
—
—
Mark Oil Co INC
—
Deed Of Trust
related
$13,000,000 · Jp Morgan Chase 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.
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