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Property profile & analytics
OFF-MARKET Estimated value $8,650,000
Retail space

10404 Independence Blvd Matthews, NC 28105-4612

43,309 SF 4.33 ac lot Built 1987
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US53-5148924
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1987
Total area 43,309 SF
Lot 4.33 ac (188,615 SF)
Zoning code B-1SCD
APN 19329231
UPID US53-5148924
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Ultimate Performance Sports Gym & Fitness Center Sports Field & Court
  • Crunch Fitness - Matthews Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$9.74M
CAP Approach CAP
$8.16M
Comparable Approach Comparable
$7.43M
Blend (final) Blend
$8.65M
Owner & transaction history
Matthews Texas Exchange LLC · 5 yrs held
Matthews Texas Exchange LLC
since 2021
Last sale
$8.6M
1 recorded transaction
2021
$3.1M
Zoning & alternative use
B-1SCD · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

155.503.7. Shopping Center District (B-1SCD) A. The Shopping Center District is established to provide for the development and efficient operation of integrated shopping centers or retail sales establishments which exceed one hundred thousand ( 100,000) square feet of total floor area. “Retail” for this district shall include predominately the sale of mercha…

Zone name Neighborhood Business Shopping Center District
General category COMMERCIAL
Zone area 310.59 ac
Source Chapter 5
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