Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

11240 East Independence Blvd Matthews, NC 28105

FOR SALE
Retail space
Property ID
US53-5727263
13,646 SF 2.06 ac lot Built 1982
Last sale May 2022 · $2,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of approximately 7,940 square feet of renovated retail/office space configured for flexible commercial use, combining retail and office areas within the same premises. It is located at 11240 East Independence Boulevard in Matthews, North Carolina (28105), with access to the main thoroughfare suitable for day-to-day business operations.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$15k
Tax billed · 2023
Assessed value · 2024$1.99M
Assessed land$965k
Assessed improvement$1.02M
Effective rate0.74%

Value estimate

· Oct 2026
$2.01M
$1.80M – $2.21M
AI approach$2.01M
CAP approach$2.57M
NOI build-up
Gross scheduled income$374k
Vacancy & credit loss−$38k
Operating expenses−$84k
NOI · 8.20% cap applied$252k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$317/SF
County average, outlier-cleaned · 284 recorded sales of this use type
Observed band · Q1–Q3$168 – $547
Qualifying comparables4

Cap rate analysis

How does the asset earn?
8.20%
$252k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B2
JurisdictionMECKLENBURG

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility12.1
Convenience Store10.1
Auto Parts Store9.6

Location

11240 East Independence Blvd Matthews, NC 28105
County assessor Recorded deeds · 5 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
9405 Independence, Matthews, NC 28105-4505 $2,850,000 Jan 2025 12,221 SF
1220 Matthews Township, Matthews, NC 28105-0218 $6,804,000 May 2022 15,138 SF
1305 Matthews Township, Matthews, NC 28105-4600 $3,350,000 Apr 2022 12,678 SF
9632 Independence, Matthews, NC 28105-4628 $1,925,000 Jan 2019 17,627 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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