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Property profile & analytics
OFF-MARKET
Estimated value
$5,695,000
Hotels
11425 Independence Blvd Matthews, NC 28105-4711
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-0842564
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1997
Total area
61,625 SF
Lot
3.29 ac (143,182 SF)
Zoning code
B-3(CD)
APN
21510105
UPID
US53-0842564
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
-
Courtyard Charlotte Matthews Hotel & Motel
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.74M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.70M
Owner & transaction history
Sree Matthews LLC · 9 yrs held
Sree Matthews LLC
since 2017
7 recorded transactions
Zoning & alternative use
B-3(CD) · 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%
$6,220,000
6.5%
$5,740,000
7%
$5,330,000
Blend value · Realmo final
$5.70M
Range $5.13M – $6.26M · ±10%
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
$92 / 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
$96,579
Tax year 2023
Assessed value
$13,058,200
Assessed 2024
Previous assessed
$13,139,700
-0.6% YoY
Effective rate
0.74%
On assessed value
Assessed land
$2,269,400
Assessed improvement
$10,788,800
Land market value
$2,269,400
Improvement market value
$10,788,800
Total market value
$13,058,200
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
121
Rooms
12
Total area
61,625 SF
Lot
3.29 ac (143,182 SF)
Zoning code
B-3(CD)
APN
21510105
UPID
US53-0842564
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-3(CD) · Matthews, NC
Zoning B-3(CD) · permitted uses
B-3(CD) · 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
1997
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
121
Rooms
12
Lot
3.29 ac
Current owner
From public records · entity-resolved
Sree Matthews LLC
Entity
Mailing address
5113 PIPER STA DR, CHARLOTTE, NC 28277-6689
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2019
—
Sree Matthews LLC
—
Deed
related
$8,000,000 · Bank Of America
Feb 2, 2017
$11,250,000
Sree Matthews LLC
Oxford-matthews Of Rock Hill 1
Trustees Deed
$9,000,000 · First Citizens Bk
Jul 31, 2008
$8,966,500
Oxford-matthews Of Rock Hill 24 L
Oxford-matthews Of Rock Hill LLC
Warranty Deed
—
May 29, 2008
$2,688,500
Oxford-matthews Of Rock Hill 5 Ll
Oxford-matthews Of Rock Hill LLC
Warranty Deed
—
Mar 27, 2008
$4,794,000
Oxford-matthews Of Rock Hill 2
Oxford-matthews Of Rock Hill LLC
Warranty Deed
—
Mar 20, 2008
$1,777,500
Oxford-matthews Of Rock Hill 3
Oxford-matthews Of Rock Hill LLC
Warranty Deed
—
Feb 8, 2007
$4,401,600
Oxford Matthews/rock Hill LLC
Matthews Hotel Group LLC
Special Warranty Deed
$13,375,000 · Barclays Capital Real Estate INC
Oct 24, 1996
$1,370,000
Matthews Hotel Group LLC
Matthews Hotel G
Grant Deed
related
—
—
—
Sree Matthews LLC
—
Deed Of Trust
related
$8,000,000 · Bank Of America
—
—
Mathews Hotel Group LLC
—
Deed Of Trust
related
$4,383,000 · Carolina First Bank
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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