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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Grocery and convenience stores
13801 Providence Rd, Matthews, NC 28104-9372
Entity Owned
13-yr Hold
Free & Clear
Property ID
US53-1639752
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1995
Total area
3,000 SF
Lot
0.74 ac (32,017 SF)
Zoning code
B-2 WEDDINGTON
APN
06-150-055
UPID
US53-1639752
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
-
Market Express Gas Station
-
Shell Car Wash
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$617k
Blend (final)
Blend
$520k
Owner & transaction history
Pressley Stores INC · 13 yrs held
Pressley Stores INC
since 2012
2 recorded transactions
Zoning & alternative use
B-2 WEDDINGTON · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$830,000
+82.6%
Auto repair, garage
$475,000
+4.5%
Commercial (general)
$470,000
+3.6%
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%
$735,000
6.5%
$680,000
7%
$630,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$455,000
Current use
RETAIL STORES
$830,000
Change: +83% · Conversion: Easy
AUTO REPAIR, GARAGE
$475,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$470,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$425,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$173 / 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
$6,800
Tax year 2023
Assessed value
$1,074,300
Assessed 2023
Previous assessed
$1,074,300
+0.0% YoY
Effective rate
0.63%
On assessed value
Assessed land
$727,700
Assessed improvement
$346,600
Land market value
$727,700
Improvement market value
$346,600
Total market value
$1,074,300
Applied tax rate
830.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1995
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
3,000 SF
Lot
0.74 ac (32,017 SF)
Zoning code
B-2 WEDDINGTON
APN
06-150-055
UPID
US53-1639752
Jurisdiction
UNION
Zoning & alternative use
B-2 WEDDINGTON · Matthews, NC
Zoning B-2 WEDDINGTON · permitted uses
B-2 WEDDINGTON · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$455,000
RETAIL STORES
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$475,000
COMMERCIAL (GENERAL)
Est. value
$470,000
WAREHOUSE, STORAGE
Est. value
$425,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.74 ac
Current owner
From public records · entity-resolved
Pressley Stores INC
Entity
Free & Clear · 13 yrs held
Mailing address
10316 NEW TOWN RD, WAXHAW, NC 28173-8582
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2012
—
Pressley Stores INC
Pressley Jerry A & R C Trust
Quit Claim Deed
—
Apr 9, 2007
—
Jerry A Pressley
Pressley,jerry A & Robbie C
Quit Claim 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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