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Property profile & analytics
OFF-MARKET Estimated value $300,000
Drive through restaurants

11450 Independence Blvd Matthews, NC 28105-4712

4,299 SF 0.85 ac lot Built 1981
Entity Owned 20-yr Hold ~ Est. High Equity
Property ID
US53-5638246
Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1981
Total area 4,299 SF
Lot 0.85 ac (36,861 SF)
Zoning code B-1SCD
APN 21508123
UPID US53-5638246
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
  • South 21 Matthews Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k
Owner & transaction history
Pmcc LLC · 20 yrs held
Pmcc LLC
since 2005
5 recorded transactions
2005
$785,000
2005
$525,000
2004
$3.6M
2004
Price N/A
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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