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Property profile & analytics
FOR LEASE
Strip malls

11328 Independence Blvd Matthews, NC 28105-4714

36,000 SF 2.86 ac lot Built 1974
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US53-1127098
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1974
Total area 36,000 SF
Lot 2.86 ac (124,364 SF)
Zoning code B-1SCD
APN 21508122
UPID US53-1127098
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
  • Jacobs Dumpster Rental Co. Waste Management Facility
  • Surplus Freight Furniture and Mattress Furniture & Home Goods Home Decor Store
  • By Liomai Design Custom Draperies and Blinds Interior Design Home Decor Store
  • Elevation Church Parking Parking Lot & Garage
  • Regal Home Center Inc. Hardware & Home Improvement Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.83M
Owner & transaction history
Nsp Matthews Plaza LLC · 21 yrs held
Nsp Matthews Plaza LLC
since 2004
7 recorded transactions
2004
$3.6M
2004
Price N/A
1996
Price N/A
1996
Price N/A
1995
$1.1M
1993
$1.1M
1969
Price N/A
Zoning & alternative use
B-1SCD · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

155.503.7. Shopping Center District (B-1SCD) A. The Shopping Center District is established to provide for the development and efficient operation of integrated shopping centers or retail sales establishments which exceed one hundred thousand ( 100,000) square feet of total floor area. “Retail” for this district shall include predominately the sale of mercha…

Zone name Neighborhood Business Shopping Center District
General category COMMERCIAL
Zone area 310.59 ac
Source Chapter 5
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