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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Auto shops
10940 Independence Blvd Matthews, NC 28105-4994
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-5732115
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1999
Total area
6,600 SF
Lot
0.6 ac (26,251 SF)
Zoning code
B-H
APN
19328225
UPID
US53-5732115
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
-
Rim Shop of Charlotte (Bike/Boat/Book/etc) Store Auto Parts Store
-
Car Doc Auto Repair Shop
-
Auto hub services Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.53M
Owner & transaction history
Mary Jane Lefebyre · 4 yrs held
Mary Jane Lefebyre
since 2021
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
B-H · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.4M
+31.8%
Retail stores
$2.1M
+15.7%
Office building
$2.1M
+14.2%
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
$1,550,000
ML approach
$1,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,810,000
Current use
MEDICAL BUILDING
$2,385,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$2,095,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$2,065,000
Change: +14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,905,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10% · vs last sale $1.40M (Sep 15 2021)
Last sale anchor
$1.40M
Sep 15 2021
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
$231 / 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
$10,077
Tax year 2023
Assessed value
$1,362,500
Assessed 2024
Previous assessed
$1,394,500
-2.3% YoY
Effective rate
0.74%
On assessed value
Assessed land
$777,800
Assessed improvement
$584,700
Land market value
$777,800
Improvement market value
$584,700
Total market value
$1,362,500
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
6,600 SF
Lot
0.6 ac (26,251 SF)
Zoning code
B-H
APN
19328225
UPID
US53-5732115
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-H · Matthews, NC
Zoning B-H · permitted uses
B-H · 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
AUTO REPAIR, GARAGE Current
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
Units
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Mary Jane Lefebyre
Individual
Mailing address
2593 ARAGON CT SAN JOSE 95125TH XX
Ownership since
2021
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
Sep 15, 2021
—
Mary Jane Lefebyre
Meeting Street Properties LLC
Warranty Deed
—
Sep 15, 2021
$1,400,000
Mary Jane Lefebvre
Meeting Street Properties LLC
Warranty Deed
—
May 23, 2005
$935,000
Meeting Street Properties LLC
C & M Investments Charlotte LLC
Warranty Deed
$742,000 · Branch Banking And Trust Co
Aug 24, 1999
$538,000
C Investments-charlott
—
Grant Deed
related
—
Aug 19, 1999
$538,000
C Charlott
Sms,title Constr
Grant Deed
—
Mar 17, 1999
$318,500
Sms Title Construction Ser
23901-a LLC
Grant Deed
—
—
—
Meeting Street Properties LLC
—
Deed Of Trust
related
$800,000 · Parkway Bank & Trust Co
—
—
C Ll
—
Deed Of Trust
related
$785,000 · Bank Of North Carolina
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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