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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Office buildings
11136 Monroe Rd Matthews, NC 28105-6564
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-0524083
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
974 SF
Lot
0.5 ac (21,718 SF)
Zoning code
B-1(CD)
APN
21301205
UPID
US53-0524083
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
-
Oaklore Distilling Co. Brewery & Distillery Bar & Pub
-
Camps Construction Company Construction Company
-
Good Eats Food Truck Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.11M
Owner & transaction history
Oaklore Capital Group LLC · 2 yrs held
Oaklore Capital Group LLC
since 2023
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
B-1(CD) · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Neighborhood Business District is established to create and protect business centers for the retailing of merchandise such as groceries, prescription medicine, and household items and for the provision of professional services for the convenience of dwellers of nearby residential areas. Standards are so designed that uses within this district may be soun…
Zone name
Neighborhood Business Conditional
General category
COMMERCIAL
Zone area
117.65 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
$1,105,000
ML approach
$1,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±10% · vs last sale $1.02M (Dec 21 2023)
Last sale anchor
$1.02M
Dec 21 2023
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
$1,134 / 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
$6,929
Tax year 2023
Assessed value
$936,900
Assessed 2024
Previous assessed
$942,400
-0.6% YoY
Effective rate
0.74%
On assessed value
Assessed land
$840,000
Assessed improvement
$96,900
Land market value
$840,000
Improvement market value
$96,900
Total market value
$936,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
974 SF
Lot
0.5 ac (21,718 SF)
Zoning code
B-1(CD)
APN
21301205
UPID
US53-0524083
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-1(CD) · Matthews, NCZoning B-1(CD) · permitted uses
B-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 Neighborhood Business District is established to create and protect business centers for the retailing of merchandise such as groceries, prescription medicine, and household items and for the provision of professional services for the convenience of dwellers of nearby residential areas. Standards are so designed that uses within this district may be soundly and permanently developed and maintained in such a way as not to be harmful to adjacent residential properties.
Zone name
Neighborhood Business Conditional
General category
COMMERCIAL
Zone area
117.65 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Oaklore Capital Group LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1415 VANTAGE PARK DR #240, CHARLOTTE, NC 28203-4073
Ownership since
2023
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 27, 2024
—
Oaklore Capital Group LLC
—
Deed
related
$2,170,000 · First National Bank Of Pennsylvania
Dec 21, 2023
$1,024,000
Oaklore Capital Group LLC
Do It Live LLC
Warranty Deed
—
Oct 14, 2021
$915,000
Do It Live LLC
Camps LLC
Quit Claim Deed
related
—
Jul 2, 2010
$280,000
Camps LLC
Leslie T Banner
Warranty Deed
$469,500 · American Community Bank
Feb 5, 2007
—
Leslie T Banner
Banner,paul C
Quit Claim Deed
related
—
Oct 7, 1994
—
Hillside Partnership
Banner,paul C
Grant Deed
related
—
Jul 1, 1988
$185,000
C H Properties
Unknown
Grant Deed
—
—
—
Camps LLC
—
Deed Of Trust
related
$460,000 · Branch Banking & Trust Co
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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