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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Industrial properties
1135 4th Lks Dr, Matthews, NC 28105-1727
Entity Owned
~
Est. High Equity
Property ID
US53-0181224
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2004
Total area
8,000 SF
Lot
1.46 ac (63,510 SF)
Zoning code
BDCD
APN
19329304
UPID
US53-0181224
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
by Request
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$940k
Owner & transaction history
1135 Four Lakes Drive LLC
1135 Four Lakes Drive LLC
since 2025
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
BDCD · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$690,000
7%
$640,000
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10% · vs last sale $1.29M (Dec 31 2025)
Last sale anchor
$1.29M
Dec 31 2025
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
$118 / 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
$8,372
Tax year 2023
Assessed value
$1,131,900
Assessed 2024
Previous assessed
$1,153,400
-1.9% YoY
Effective rate
0.74%
On assessed value
Assessed land
$497,300
Assessed improvement
$634,600
Land market value
$497,300
Improvement market value
$634,600
Total market value
$1,131,900
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
8,000 SF
Lot
1.46 ac (63,510 SF)
Zoning code
BDCD
APN
19329304
UPID
US53-0181224
Jurisdiction
MECKLENBURG
Zoning & alternative use
BDCD · Matthews, NC
Zoning BDCD · permitted uses
BDCD · Matthews, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Matthews. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.46 ac
Current owner
From public records · entity-resolved
1135 Four Lakes Drive LLC
Entity
Mailing address
1135 4TH LKS DR, MATTHEWS, NC 28105-1727
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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 31, 2025
$1,285,000
1135 Four Lakes Drive LLC
Four Boxes LLC
Special Warranty Deed
$963,750 · American Bank Of The Carolinas
Aug 29, 2022
—
Four Boxes I LLC
—
Deed
related
$520,000 · Truliant FCU
Mar 8, 2017
—
Cash Flo I LLC
—
Deed
related
$585,000 · Community First Bank
Feb 7, 2007
$850,000
Four Boxes I LLC
Martin,charles R & Patricia A
Warranty Deed
$600,000 · Scf Arizona
Dec 2, 2003
—
Charles R Martin
Happy Times Club INC
Grant Deed
related
—
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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