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Property profile & analytics
OFF-MARKET
Estimated value
$15,330,000
Strip malls
11416 Independence Blvd, Matthews, NC 28105-4946
Entity Owned
11-yr Hold
Free & Clear
Property ID
US53-1028751
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1980
Total area
138,344 SF
Lot
13.15 ac (572,770 SF)
Zoning code
B-1SCD
APN
21508128
UPID
US53-1028751
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
-
Elevation Church - Matthews Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.33M
Owner & transaction history
Elevation Church · 11 yrs held
Elevation Church
since 2015
6 recorded transactions
Zoning & alternative use
B-1SCD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$111 / 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
$108,692
Tax year 2023
Assessed value
$14,696,000
Assessed 2024
Previous assessed
$15,332,000
-4.1% YoY
Effective rate
0.74%
On assessed value
Assessed land
$3,202,200
Assessed improvement
$11,493,800
Land market value
$3,202,200
Improvement market value
$11,493,800
Total market value
$14,696,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Rooms
14
Total area
138,344 SF
Lot
13.15 ac (572,770 SF)
Zoning code
B-1SCD
APN
21508128
UPID
US53-1028751
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-1SCD · Matthews, NC
Zoning B-1SCD · permitted uses
B-1SCD · 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
1980
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Rooms
14
Lot
13.15 ac
Current owner
From public records · entity-resolved
Elevation Church
Entity
Free & Clear · 11 yrs held
Mailing address
11416 E INDEPENDENCE BLVD N STE N, MATTHEWS, NC 28105-4947
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2015
$10,200,000
Elevation Church
Nsp Matthews Plaza LLC
Grant Deed
—
Jan 28, 2015
—
Elevation Church
Nsp Matthews Plaza LLC
Trustees Deed
related
$50,000,000 · Bank Of America
Jul 6, 2005
$525,000
Nsp Queens Road LLC
Pf Brigman Properties
Grant Deed
$600,000 · Regions Bank
Dec 23, 2004
$3,625,000
Nsp Matthews Plaza LLC
Pf Brigman Properties
Trustees Deed
$3,116,161 · Regions Bank
Dec 23, 2004
—
Sybil M J Leggett
Pf Brigman Properties
Grant Deed
related
—
—
—
Pmcc LLC
—
Deed Of Trust
related
$92,000 · American Community Bk & Tr
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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