Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2930 Matthews Township Pkwy Matthews, NC 28105

    • Land
    • 3.37 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2930 Matthews Township Pkwy

    Lot size
    3.37 lot acres
    Property type
    Land

    Description

    This exceptional 3.37-acre commercial land parcel, located at 2930 Matthews Township Parkway in Matthews, North Carolina (28105), presents a unique investment opportunity. The property boasts 1,350 feet of frontage and is ideally situated at the hard corner of Matthews-Mint Hill Road and Matthews Township Parkway, ensuring high visibility and accessibility. Zoned B-1 (CD), the site has already received approval for the development of up to 43,000 square feet of medical office space, making it an excellent prospect for build-to-suit projects, ground leases, or outright sale. With 177 total parking spaces planned, ample parking is ensured for tenants and visitors. The property's prime location offers easy access to Highway 74 (East Independence Boulevard), placing it within minutes of major transportation arteries. Furthermore, its proximity to Novant Health's Matthews Medical Center and a cluster of existing medical and office buildings solidifies its position within a thriving medical corridor. The Mecklenburg County parcel (APN 19331114) is currently vacant and ready for immediate development. This is a rare opportunity to acquire a strategically located, fully approved site in a high-demand area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Matthews
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.6909
    Latitude
    35.1242

    Comparable in this City

    • Value Estimation by Request

      1904 John St

      Land
      1904 John St, Matthews, NC 28105
      View Details
    • Value Estimation by Request
      5.74 Acres

      00 Lake Bluff Dr

      Land • 5.74 Acres
      00 Lake Bluff Dr, Matthews, NC 28105
      View Details
    • Value Estimation by Request
      13.04 Acres

      Weddington Rd

      Land • 13.04 Acres
      0 Weddington Rd, Charlotte, NC 28105
      View Details
    • Value Estimation by Request
      0.50 Acres

      527 John St

      Land • 0.50 Acres
      527 John St, Matthews, NC 28105
      View Details
    • Value Estimation by Request
      1.65 Acres

      5706 Wyalong Dr

      Land • 1.65 Acres
      5706 Wyalong Dr, Matthews, NC 28105
      View Details
    • Value Estimation by Request
      78.00 Acres

      13828 Lake Bluff Dr

      Land • 78.00 Acres
      13828 Lake Bluff Dr, Matthews, NC 28105
      View Details

    Similar Nearby for Sale

    • $3,900,000

      Matthews Land: 10.4 Acres

      Prime Matthews development land, I-485 access.
      1904 John St, Matthews, NC 28105
      View Details
    • $594,500
      5.74 Acres

      Lake Bluff Drive Estate Lot

      5.74 Acres, Mint Hill, NC
      00 Lake Bluff Dr, Matthews, NC 28105
      View Details
    • $4,650,000
      78.00 Acres

      78 Acres Matthews, NC Commercial Land

      Rare 78-acre development opportunity near Charlotte.
      13828 Lake Bluff Dr, Matthews, NC 28105
      View Details
    • $1,980,000
      4.19 Acres

      Matthews, NC Commercial Land

      4.19 Acres, High-Traffic Location
      1905 Independence Commerce Dr, Matthews, NC 28105
      View Details
    • $4,995,000
      1.61 Acres

      Matthews Commercial Land - $4.995M

      1.61 Acres, High-Visibility Location
      200 Matthews St, Matthews, NC 28105
      View Details
    • Contact for pricing
      3.37 Acres

      Matthews Commercial Land - 3.37 Acres

      Prime medical office land, 43,000 SF potential.
      2930 Matthews Township Pkwy, Matthews, NC 28105
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      146,797 SF

      Matthews Medical Office Land

      3.37 Acres, 43,000 SF Potential
      2930 Matthews Township Pkwy, Matthews, NC 28105
      View Details
    • $96,000
      189,922 SF

      Prime Charlotte Industrial Lot

      4.35-Acre Truck Parking & Storage
      2101 Mt Harmony Church Rd, Matthews, NC 28105
      View Details
    • Contact for pricing
      21,780 SF

      Matthews Land: Prime Commercial Site

      Half-acre commercial lot, ideal location.
      527 John St, Matthews, NC 28105
      View Details
    • Contact for pricing

      Restaurant Space in Matthews, NC

      2,806 SF former restaurant with patio space for lease.
      Matthews, NC 28105
      View Details
    • Contact for pricing
      1,780 SF

      Retail Space Near Matthews Hospital

      Retail space with dedicated parking and high-traffic location.
      1643-1645 Matthews Township Pkwy, Matthews, NC 28105
      View Details
    • Contact for pricing
      75,000 SF

      Matthews Retail Space Available

      Prime Matthews storefront, 1,920 sq ft.
      3555 Matthews-Mint Hl Rd, Matthews, NC 28105
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2930 Matthews Township Pkwy
    Matthews, NC 28105
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.