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    Property profile & analytics

    11240 Independence Blvd Matthews, NC 28105-4717

    • Retail space
    • 13,646 SF
    • 2.06 lot acres
    OFF-MARKET
    Value Estimation
    $2,005,000
    Last Sale
    May 02, 2022
    $2,000,000
    Location Intelligence
    Property ID
    US53-5727263
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 11240 Independence Blvd

    Year built
    1982
    Lot size
    2.06 lot acres
    Property size
    13,646 SF
    Zone code
    B2
    Property type
    Retail space
    APN
    21508106
    APU
    21508106

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,005,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,915,000
      6.5%
      $2,120,000
      7%
      $1,780,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,990,000
      Geo Method
      $2,230,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,955,000
      Retail
      $2,190,000
      Mixed-Use
      $2,140,000
      Hospitality
      $1,870,000
      Educational
      $1,840,000
      Residential Income
      $1,680,000
      Energy
      $1,840,000
      Income-Based Land
      $1,610,000
      Food Service
      $1,785,000

    Location Insight

    • Map
    • Local Demand
    City
    Matthews
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.6981
    Latitude
    35.1178
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,708
    $964,800
    $1,023,800
    $1,988,600
    -
    $964,800
    $1,023,800
    $1,988,600

    Comparable in this City

    • Value Estimation by Request
      52,934 SF

      1819 Matthews Township Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 52,934 SF
      1819 Matthews Township Pkwy, Matthews, NC 28105-5341
      View Details
    • Value Estimation by Request
      6,696 SF

      11300 Independence Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,696 SF
      11300 Independence Blvd, Matthews, NC 28105-4714
      View Details
    • Value Estimation by Request
      22,055 SF

      12527 Independence Blvd

      RETAIL STORES (PERSONAL SERVICES) • 22,055 SF
      12527 Independence Blvd, Matthews, NC 28105-4115
      View Details
    • Value Estimation by Request
      11,000 SF

      343 John St

      RETAIL STORES (PERSONAL SERVICES) • 11,000 SF
      343 John St, Matthews, NC 28105-5437
      View Details
    • Value Estimation by Request
      7,840 SF

      720 Matthews Township Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 7,840 SF
      720 Matthews Township Pkwy, Matthews, NC 28105-5410
      View Details
    • Value Estimation
      $3,815,000
      35,442 SF

      11014 Monroe Rd

      RETAIL STORES (PERSONAL SERVICES) • 35,442 SF
      11014 Monroe Rd, Matthews, NC 28105-8519
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      75,000 SF

      Matthews Retail Space Available

      Prime Matthews storefront, 1,920 sq ft.
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    • Contact for pricing
      1,780 SF

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      Retail space with dedicated parking and high-traffic location.
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    • Contact for pricing
      191,664 SF

      Matthews Corners Retail Space

      Prime Matthews location, 1,693 sq ft available.
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    • Contact for pricing

      Restaurant Space in Matthews, NC

      2,806 SF former restaurant with patio space for lease.
      Matthews, NC 28105
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    • Contact for pricing
      9,600 SF

      Matthews Retail & Office Space

      Prime Matthews location, flexible suites.
      1640 Matthews Township Pkwy, Matthews, NC 28105
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    • Contact for pricing
      4,700 SF

      Downtown Matthews Medical Office Space

      Prime Matthews location, 4,700 sq ft available.
      110 John St, Matthews, NC 28105
      View Details

    Property Visit Statistics

    • Visits by month
      20.9k
    • Visitors by month
      17.7k
    • Avg Time on site
      7 min
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    Matthews, NC 28105-4717
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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