Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,670,000
Retail space
10714 Independence Pointe Pkwy Matthews, NC 28105-2744
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-0496312
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1992
Total area
11,848 SF
Lot
1.22 ac (53,056 SF)
Zoning code
I-1(CD)
APN
19329138
UPID
US53-0496312
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
-
Pet Paradise Matthews Kennel & Boarding Facility
-
NewDay Veterinary Care Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.67M
Owner & transaction history
Store Master Funding Xi LLC · 9 yrs held
Store Master Funding Xi LLC
since 2016
7 recorded transactions
Zoning & alternative use
I-1(CD) · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Light Industrial District is established to create and protect industrial areas for the provision of light manufacturing and the distribution of products at wholesale. The standards established for this district are designed to promote sound, permanent light industrial development and also to protect nearby residential areas from the undesirable aspects…
Zone name
Light Industrial Conditional
General category
INDUSTRIAL
Zone area
130.80 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Matthews submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Matthews submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,420,000
6.5%
$2,230,000
7%
$2,075,000
Blend value · Realmo final
$1.67M
Range $1.50M – $1.84M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$141 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,547
Tax year 2023
Assessed value
$2,102,100
Assessed 2024
Previous assessed
$2,153,300
-2.4% YoY
Effective rate
0.74%
On assessed value
Assessed land
$849,800
Assessed improvement
$1,252,300
Land market value
$849,800
Improvement market value
$1,252,300
Total market value
$2,102,100
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1992
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
11,848 SF
Lot
1.22 ac (53,056 SF)
Zoning code
I-1(CD)
APN
19329138
UPID
US53-0496312
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-1(CD) · Matthews, NCZoning I-1(CD) · permitted uses
I-1(CD) · Matthews, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Light Industrial District is established to create and protect industrial areas for the provision of light manufacturing and the distribution of products at wholesale. The standards established for this district are designed to promote sound, permanent light industrial development and also to protect nearby residential areas from the undesirable aspects of industrial development.
Zone name
Light Industrial Conditional
General category
INDUSTRIAL
Zone area
130.80 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1992
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
Store Master Funding Xi LLC
Entity
Mailing address
5130 UNIVERSITY BLVD W, JACKSONVILLE, FL 32216-5940
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2020
—
Store Master Funding Xi LLC
—
Deed
related
$2,000,000 · Citibank
Aug 8, 2016
$1,598,000
Store Master Funding Xi LLC
Apr Re Matthews LLC
Special Warranty Deed
—
Jul 11, 2016
—
Pet Paradise-matthews Re LLC
Pet Paradise-matthews LLC
Quit Claim Deed
—
Sep 27, 1990
$150,000
James Edward Riggins
Unknown
Grant Deed
—
—
—
Technocom Business Systems INC
—
Deed Of Trust
related
$850,584 · Fifth Third Bank
—
—
James E Riggins
—
Deed Of Trust
related
$250,000 · Fifth Third Bank
—
—
Technocom Business Systems INC
—
Deed Of Trust
related
$900,584 · Fifth Third Bank
—
—
James E Riggins
—
Deed Of Trust
related
$628,138 · Fifth Third Bank
—
—
James E Riggins
—
Deed Of Trust
related
$600,000 · Pnc Bank
—
—
Store Master Funding Xi LLC
—
Loan Modification
related
$2,000,000 · Citibank
—
—
James E Riggins
—
Deed Of Trust
related
$621,003 · Fifth Third Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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 10714 Independence Pointe Pkwy?
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 →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
