Professional Office Condo
For Sale
$1,050,000
1348 Matthews Township Parkway Suite 200, Matthews, NC 28105
Professional office condo in Matthews Township Office Park with access to U.S. 74 and I-485.
Property Size2,884 SF
Days on Market48
Property Features for 1348 Matthews Township Parkway Suite 200
General Information
Standard status
Active
Size
2,884 SF
Property subtype
Office
Zoning
Office
Additional Details
Highway Access
Yes
Building Details
Building Size
2,884 SF
Stories
2
Listing Agency:
Coldwell Banker Realty - Ballantyne
Listed By:
Ryan Pilsy · License #309014
(980) 339-9174
Source:
Cbcworldwide
Added: Jul 18
Changed: Sep 3
Last Checked: Sep 2 at 1:08PM
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 Coldwell Banker Realty - Ballantyne
Investment Insights
Based on property information with market context.
This well-positioned professional office condo is located within the Matthews Township Office Park, and is offered as Suite 200. The property provides a dedicated office suite configuration within a broader professional office setting.
The location offers convenient access to U.S. 74 (Independence Boulevard) and I-485. It is also described as being just minutes from downtown Matthews, with access to dining, retail, and community amenities.
For buyers seeking an office condo in an established office park environment with major interstate connectivity nearby, Suite 200 at Matthews Township Office Park presents a straightforward, professionally oriented option.
The location offers convenient access to U.S. 74 (Independence Boulevard) and I-485. It is also described as being just minutes from downtown Matthews, with access to dining, retail, and community amenities.
For buyers seeking an office condo in an established office park environment with major interstate connectivity nearby, Suite 200 at Matthews Township Office Park presents a straightforward, professionally oriented option.
Key Highlights
- Professional office condo in the Matthews Township Office Park
- Convenient access to U.S. 74 (Independence Boulevard) and I‑485
- Just minutes from downtown Matthews with nearby dining, retail, and community amenities
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
$50,579
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
4.82%
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%
$1,011,580
$1.0M
Cap Rate 7%
$722,557
$722.6K
Cap Rate 9%
$561,989
$562.0K
Market Conditions
NOI Build-Up for 2,884 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
$75.1K $26.04/SF
− Vacancy
−$7.7K −$2.66/SF
EGI
$67.4K $23.38/SF
− OpEx
−$16.9K −$5.85/SF
NOI
$50.6K $17.54/SF
Area
Mecklenburg County, NC
Vacancy
10.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,011,580
Cap Rate 7%
$722,557
Cap Rate 9%
$561,989
Alternative Uses
Best Use
Office B
$722.6K
$632.2K – $843.0K
NOI $50,579 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$931.9K
$815.4K – $1.09M
NOI $65,233 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,292
Businesses Nearby
Explore this area
Business Placement
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 Office 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?
Office units - Professional office condo in Matthews Township Office Park with access to U.S. 74 and I-485.
Where is this office units located?
The property is located at 1348 Matthews Township Parkway Suite 200 Matthews, NC.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Professional office condo in the Matthews Township Office Park; Convenient access to U.S. 74 (Independence Boulevard) and I‑485; Just minutes from downtown Matthews with nearby dining, retail, and community amenities
