Retail Space with Corporate
For Sale
Contact for pricing
10540 Monroe Road, Matthews, NC 28105
Matthews retail space in a building constructed in 1958.
Property Size13,269 SF
Price / SF$161.06
Days on Market137
Property Features for 10540 Monroe Road
General Information
Standard status
Active
Size
13,269 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$149,600
Building Details
Year Built
1958
Year Renovated
2020
Tenancy
Single
Listing Agency:
Marcus & Millichap - Chicago Oak Brook
(630) 570-2200
Listed By:
Dominic Sulo · License #IL 475.134920
Source:
Crexi
Added: Apr 16
Changed: Aug 29
Last Checked: Aug 29 at 3:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Chicago Oak Brook
Investment Insights
Based on property information with market context.
This retail space contains 13,269 square feet within a building constructed in 1958. The property is located at 10540 Monroe Road in Matthews, North Carolina, within the Charlotte MSA. A corporate guaranty is associated with an organization operating 272+ locations.
Key Highlights
- 13,269‑square‑foot retail space
- Building constructed in 1958
- Located at 10540 Monroe Road, Matthews, NC 28105
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$162,508
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,250,160
$3.3M
Cap Rate 7%
$2,321,543
$2.3M
Cap Rate 9%
$1,805,644
$1.8M
Market Conditions
NOI Build-Up for 13,269 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$238.8K $18.00/SF
− Vacancy
−$6.7K −$0.50/SF
EGI
$232.2K $17.50/SF
− OpEx
−$69.6K −$5.25/SF
NOI
$162.5K $12.25/SF
Area
Mecklenburg County, NC
Vacancy
2.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,250,160
Cap Rate 7%
$2,321,543
Cap Rate 9%
$1,805,644
Alternative Uses
Best Use
Retail
$2.32M
$2.03M – $2.71M
NOI $162,508 @ 7.0% cap · market cap 7.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.29M
$3.75M – $5.00M
NOI $300,131 @ 7.0% cap · market cap 14.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
86k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 24%
Home Improvements & Furnishings 1%
QuikTrip
Shops & Services
45,459 visits/mo
0.1 miles
Sam's Xpress Car Wash
Shops & Services
15,437 visits/mo
0.1 miles
Stacks
Dining
13,381 visits/mo
0.4 miles
City Barbeque
Dining
4,864 visits/mo
0.5 miles
Elsa's
Dining
2,303 visits/mo
0.4 miles
Demographics for 28105, NC
44,085
Population
17,906
Households
2.5
Avg Household Size
41
Median Age
52%
College-Educated
95%
High-School Grad
23.2 sq mi
ZIP Area
1,900
Density / Sq Mi
$104,242
Median Household Income
$52,175
Median Earnings
$1,663
Median Rent
$389,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Matthews retail space in a building constructed in 1958.
Where is this retail space located?
The property is located at 10540 Monroe Road Matthews, NC.
What is the asking price?
The asking price for this property is $2,137,142.
What are key features of this property?
This property features: 13,269‑square‑foot retail space; Building constructed in 1958; Located at 10540 Monroe Road, Matthews, NC 28105
