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    2332 Matthews Township Pkwy Matthews, NC 28105
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    2332 Matthews Township Pkwy Matthews, NC 28105

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    • Retail properties & Spaces
    • 191,664 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Matthews Corner Shopping Center / Shopping Center & Mall
    • Nonna Maria’s Italian Deli & Market / Food Market / Restaurant

    Property Details for 2332 Matthews Township Pkwy

    Property size
    191,664 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Description

    This exceptional retail opportunity is located at 2332 Matthews Township Pkwy in Matthews, North Carolina, within the Matthews Corners complex. The property is classified as a multi-tenant convenience store, offering a total building size of 191,664 square feet. Currently, there is 1,693 square feet of immediately available retail space perfect for a variety of businesses. Situated in Mecklenburg County, this location benefits from high visibility and convenient access for customers. The property's address is easily accessible from major roadways, ensuring excellent exposure and foot traffic. The space is ready for immediate occupancy, presenting a unique chance to establish or expand your business in a thriving community. This is an ideal opportunity for businesses seeking a well-established location with ample space in a bustling retail center. The property's convenient location and ample square footage make it a highly desirable option for retailers seeking a strong presence in the Matthews market. The 1,693 square foot space offers a blank canvas for your business vision, allowing for customization to meet your specific needs. Don't miss this chance to secure a prime retail space in a high-traffic area. Contact us today to schedule a viewing.

    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
    -80.7003
    Latitude
    35.1272

    Comparable in this City

    • Value Estimation
      $525,000
      3,740 SF

      3424 Matthews Mint Hl Rd

      CONVENIENCE STORE • 3,740 SF
      3424 Matthews Mint Hl Rd, Matthews, NC 28105-3612
      View Details
    • Value Estimation
      $4,700,000
      6,288 SF

      10621 Monroe Rd

      CONVENIENCE STORE • 6,288 SF
      10621 Monroe Rd, Matthews, NC 28105-8396
      View Details
    • Value Estimation
      $2,485,000
      18,646 SF

      555 John St

      GROCERY, SUPERMARKET • 18,646 SF
      555 John St, Matthews, NC 28105
      View Details
    • Value Estimation
      $3,395,000
      4,658 SF

      11208 Independence Blvd

      CONVENIENCE STORE • 4,658 SF
      11208 Independence Blvd, Matthews, NC 28105-4717
      View Details
    • Value Estimation by Request
      1,748 SF

      4541 Margaret Wallace Rd

      CONVENIENCE STORE • 1,748 SF
      4541 Margaret Wallace Rd, Matthews, NC 28105-0790
      View Details
    • Value Estimation by Request
      2,400 SF

      12008 Stallings Commerce Dr

      CONVENIENCE STORE • 2,400 SF
      12008 Stallings Commerce Dr, Matthews, NC 28105-5031
      View Details

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      8,023 SF

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      Office Property For Sale

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      Matthews Specialty Property For Sale

      Specialty property available in Matthews, North Carolina.
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    • $185,000
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      Residential Lot in Matthews, NC

      Desirable residential lot to build your dream home!
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    Similar Nearby for Lease

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      Retail Space in Matthews, NC

      Located on E Independence Blvd, Matthews, NC 28105.
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      Mixed-Use Development in Downtown Matthews

      Mixed-use property with restaurant, retail, office, and medical space.
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      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
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      Retail Space on High-Traffic Corridor

      Highly visible retail space in Matthews, NC with strong frontage.
      9727 E Independence Blvd, Matthews, NC 28105
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      Retail/Office Space Near Novant Health

      Retail and office spaces available near Novant Health Matthews Hospital.
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      Food Lion Anchored Shopping Center

      Shopping center with national retailers and small shops available for rent.
      3555 Matthews-Mint Hl Rd, Matthews, NC 28105
      View Details
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    Matthews, NC 28105
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    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
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