You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $10,070,000
Strip malls

10420 Independence Blvd Matthews, NC 28105-1840

77,985 SF 8.82 ac lot Built 1987
Entity Owned 10-yr Hold Free & Clear
Property ID
US53-0452082
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Total area 77,985 SF
Lot 8.82 ac (384,373 SF)
Zoning code B-1SCD
APN 19329209
UPID US53-0452082
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
  • MOD Pizza Restaurant
  • Lendmark Financial Services LLC Loan Service
  • The Original Mattress Factory Furniture & Home Goods
  • L&M Car Towing's & Co Auto Repair Shop
  • MERLE NORMAN COSMETICS STUDIO Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$10.07M
Owner & transaction history
Matthews Festival LP · 10 yrs held
Matthews Festival LP
since 2015
3 recorded transactions
2015
$8.6M
2015
$10.0M
2007
$14.0M
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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10420 Independence Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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