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Property profile & analytics
OFF-MARKET
Estimated value
$3,700,000
Strip malls
11100 Monroe Rd, Matthews, NC 28105-1311
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1719474
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Total area
21,804 SF
Lot
1.88 ac (81,980 SF)
Zoning code
B-1
APN
21301208
UPID
US53-1719474
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
-
FASHION2DIE4.COM Construction Company General Contractor
-
Custom Millwork & Flooring General Contractor
-
Perfect 10 Spa Spa & Massage Center
-
Forever Yours Tattoo Gallery Tattoo & Piercing Shop
-
Buy Brazilian Jeans & Fashion Store USA Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.70M
CAP Approach
CAP
$4.94M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.70M
Owner & transaction history
Firebitt LLC · 1 yrs held
Firebitt LLC
since 2024
Last sale
$3.7M
4 recorded transactions
Zoning & alternative use
B-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
$3,700,000
ML approach
$3,700,000
CAP Approach
CAP Return
Estimation
6%
$5,350,000
6.5%
$4,940,000
7%
$4,585,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,980,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$3.70M
Range $3.33M – $4.07M · ±10% · vs last sale $3.70M (Oct 18 2024)
Last sale anchor
$3.70M
Oct 18 2024
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
$170 / 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
$27,968
Tax year 2023
Assessed value
$3,781,500
Assessed 2024
Previous assessed
$4,192,500
-9.8% YoY
Effective rate
0.74%
On assessed value
Assessed land
$2,030,700
Assessed improvement
$1,750,800
Land market value
$2,030,700
Improvement market value
$1,750,800
Total market value
$3,781,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
20
Total area
21,804 SF
Lot
1.88 ac (81,980 SF)
Zoning code
B-1
APN
21301208
UPID
US53-1719474
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-1 · Matthews, NC
Zoning B-1 · permitted uses
B-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
AUTO REPAIR, GARAGE
Est. value
$6.0M
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
1985
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
20
Lot
1.88 ac
Current owner
From public records · entity-resolved
Firebitt LLC
Entity
Mailing address
PO BOX 78560, CHARLOTTE, NC 28271-7036
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2024
$3,700,000
Firebitt LLC
Hillside Partnership
Warranty Deed
$2,960,000 · Townebank
May 15, 2023
—
Ngg LLC
Alexander J Polites
Lease
—
Jan 11, 2021
—
Hillside Partnership
—
Deed
related
$425,000 · Cogent Bank
—
—
Hillside Ptshp
—
Deed Of Trust
related
$400,000 · Carolina Premier 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.
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