Matthews Office Park
For Sale
Contact for pricing
1348 Matthews Township Pkwy, Matthews, NC 28105
Office space in a thriving Charlotte suburb, ideal for medical.
Property Size2,853 SF
Price / SF$376.80
Days on Market155
Property Features for 1348 Matthews Township Pkwy
General Information
Standard status
Active
Size
2,853 SF
Class
B
Property subtype
Office
Zoning
Office
Investment Type
Owner/User
Building Details
Year Built
1987
Units
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial Realty
Listed By:
Ryan Pilsy · License #NC
Source:
Crexi
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 10 at 10:56AM
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 Commercial Realty
Investment Insights
Based on property information with market context.
Located within the Matthews Township Office Park in Matthews, North Carolina, 1348 Matthews Township Parkway is situated in a growing suburban area southeast of Charlotte. The property is positioned along a busy commercial corridor near U.S. Route 74 (Independence Boulevard), in close proximity to grocery stores, restaurants, retail shopping centers, and professional offices. The location offers high visibility, convenient highway access, and on-site parking. The surrounding residential neighborhoods and established commercial activity contribute to a strong customer base and consistent traffic. The property is suitable for medical or healthcare-related uses such as dental, specialty practice, outpatient services, or wellness clinics. The property contains 2853 square feet.
Key Highlights
- Highly accessible location with excellent visibility on a busy commercial corridor near U.S. Route 74.
- Ample on‑site parking for clients and employees.
- Surrounded by grocery stores, restaurants, retail shopping centers, and professional offices.
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
$50,036
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
4.65%
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%
$1,000,720
$1.0M
Cap Rate 7%
$714,800
$714.8K
Cap Rate 9%
$555,956
$556.0K
Market Conditions
NOI Build-Up for 2,853 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
$74.3K $26.04/SF
− Vacancy
−$7.6K −$2.66/SF
EGI
$66.7K $23.38/SF
− OpEx
−$16.7K −$5.85/SF
NOI
$50.0K $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%
$1,000,720
Cap Rate 7%
$714,800
Cap Rate 9%
$555,956
Alternative Uses
Best Use
Office B
$714.8K
$625.5K – $833.9K
NOI $50,036 @ 7.0% cap · market cap 4.65%
Second Best
Healthcare Medical
$567.7K
$496.7K – $662.3K
NOI $39,736 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$921.9K
$806.7K – $1.08M
NOI $64,532 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,292
Businesses Nearby
Well-served
Demand for This Use
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
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Similar Off Market Nearby
- Animal Care Hospital of Matthews — 1216 Matthews-Mint Hill Rd, Matthews, NC 28105
- Plantation Animal Clinic - A Thrive Pet Healthcare Partner — 135 W John St, Matthews, NC 28105
- UrgentVet — 1915 Matthews Township Pkwy #1200, Matthews, NC 28105
- NewDay Veterinary Care — 10714 Independence Pointe Pkwy, Matthews, NC 28105
- Best Care Animal Hospital Matthews & Charlotte — 1730 Matthews Township Pkwy a1, Matthews, NC 28105
Frequently Asked Questions
What type of property is this?
Medical Office Space - Office space in a thriving Charlotte suburb, ideal for medical.
Where is this medical office space located?
The property is located at 1348 Matthews Township Pkwy Matthews, NC.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Highly accessible location with excellent visibility on a busy commercial corridor near U.S. Route 74.; Ample on‑site parking for clients and employees.; Surrounded by grocery stores, restaurants, retail shopping centers, and professional offices.
