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 Market100
Property Features for 1348 Matthews Township Parkway Suite 200
General Information
Standard status
Active
Size
2,884 SF
Property subtype
Office
Zoning
Office
Site & Location
Neighborhood
Wood Hollow
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: Oct 5
Last Checked: Oct 24 at 1:27PM
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 Coldwell Banker Realty - Ballantyne
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$50,579
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Office unit - Professional office condo in Matthews Township Office Park with access to U.S. 74 and I-485.
Where is this office unit 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
