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Property profile & analytics
FOR SALE
Retail space
11240 East Independence Blvd Matthews, NC 28105
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-5727263
For Sale
1 / 6
Contact for pricing
11240 East Independence Blvd, Matthews, NC 28105
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1982
Total area
13,646 SF
Lot
2.06 ac (89,559 SF)
Zoning code
B2
APN
21508106
UPID
US53-5727263
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.01M
CAP Approach
CAP
$2.57M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.00M
Owner & transaction history
Big Investments LLC · 4 yrs held
Big Investments LLC
since 2022
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
B2 · Matthews, NC
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
$2,005,000
ML approach
$2,005,000
CAP Approach
CAP Return
Estimation
6%
$2,785,000
6.5%
$2,570,000
7%
$2,390,000
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±10% · vs last sale $2.00M (May 2 2022)
Last sale anchor
$2.00M
May 2 2022
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
$147 / 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
$14,708
Tax year 2023
Assessed value
$1,988,600
Assessed 2024
Previous assessed
$2,063,800
-3.6% YoY
Effective rate
0.74%
On assessed value
Assessed land
$964,800
Assessed improvement
$1,023,800
Land market value
$964,800
Improvement market value
$1,023,800
Total market value
$1,988,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1982
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Rooms
6
Total area
13,646 SF
Lot
2.06 ac (89,559 SF)
Zoning code
B2
APN
21508106
UPID
US53-5727263
Jurisdiction
MECKLENBURG
Zoning & alternative use
B2 · Matthews, NCZoning B2 · permitted uses
B2 · Matthews, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Chapter 5
Building & site characteristics
From public records
Year built
1982
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
6
Lot
2.06 ac
Current owner
From public records · entity-resolved
Big Investments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
11240 E INDEPENDENCE BLVD, MATTHEWS, NC 28105-4717
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2025
—
Big Investments LLC
—
Deed
related
$250,000 · Raku Investment & Consulting LLC
May 2, 2022
—
Big Investments LLC
Jskj Properties LLC
Deed
—
May 2, 2022
$2,000,000
Big Investments LLC
Jskj Properties LLC
Special Warranty Deed
$1,600,000 · Jski Propersties LLC
Jan 14, 2004
$850,000
Jskj Properties LLC
Katsanos,dimitrios & Ekaterina
Grant Deed
$962,000 · Southtrust Bank NA
Sep 27, 1990
$504,500
Quincys Realty INC
Unknown
Grant Deed
—
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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