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Property profile & analytics
OFF-MARKET
Estimated value
$1,805,000
Strip malls
10915 Monroe Rd, Matthews, NC 28105-7308
Entity Owned
27-yr Hold
Free & Clear
Property ID
US53-1415080
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1999
Total area
10,320 SF
Lot
1.29 ac (56,149 SF)
Zoning code
I-1
APN
19321132
UPID
US53-1415080
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
-
East 74 Restaurant Restaurant
-
Supermercado Brasileiro Taste Of Brazil Specialty Food Shop Supermarket
-
Li's Noodles Asian Kitchen Restaurant
-
Jilly Jelly Boba and Snow Restaurant Cafe & Coffee Shop
-
Miura Grill Express Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.81M
Owner & transaction history
Kroustalis Investments LLC · 27 yrs held
Kroustalis Investments LLC
since 1999
7 recorded transactions
Zoning & alternative use
I-1 · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$2,535,000
6.5%
$2,340,000
7%
$2,170,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,980,000
Current use
AUTO REPAIR, GARAGE
$2,830,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.81M
Range $1.62M – $1.99M · ±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
$175 / 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
$16,830
Tax year 2023
Assessed value
$2,275,600
Assessed 2024
Previous assessed
$2,309,000
-1.4% YoY
Effective rate
0.74%
On assessed value
Assessed land
$1,853,100
Assessed improvement
$422,500
Land market value
$1,853,100
Improvement market value
$422,500
Total market value
$2,275,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
10,320 SF
Lot
1.29 ac (56,149 SF)
Zoning code
I-1
APN
19321132
UPID
US53-1415080
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-1 · Matthews, NC
Zoning I-1 · permitted uses
I-1 · Matthews, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Matthews. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
Kroustalis Investments LLC
Entity
Free & Clear · 27 yrs held
Mailing address
114 SARDIS PLANTATION DR, MATTHEWS, NC 28105-1537
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2020
—
Kroustalis Investments LLC
—
Deed
related
$365,000 · Towne Bk
Jul 22, 2016
—
Kroustalis Investments LLC
—
Deed
related
$450,000 · Paragon Com'l Bk
Mar 3, 1999
—
Kroustalis Investments LLC
Kroustalis,grego
Quit Claim Deed
related
—
Feb 25, 1999
—
Kroustalis Investments LLC
Kroustalis,grego
Quit Claim Deed
related
—
Jun 13, 1997
—
Gregory Kroustalis
—
Deed Of Trust
related
$89,300 · First Citizens Bank
—
—
Kroustalis Investments LLC
—
Deed Of Trust
related
$473,200 · Paragon Com'l Bk
—
—
Kroustalis Investments LLC
—
Loan Modification
related
$450,000 · Paragon Com'l Bk
—
—
Kroustalis Investments LLC
—
Loan Modification
related
$365,000 · Towne Bk
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.
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