Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1400 Matthews Township Pkwy Matthews, NC 28105-4655
    Back to Search
    Property profile & analytics

    1400 Matthews Township Pkwy Matthews, NC 28105-4655

    View on Map
    • Medical Office Space
    • 8,822 SF
    • 1.30 lot acres
    Off-Market
    Property ID
    US53-1733558
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,785,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Steven R. Plunkett, MD / Physician / Medical Clinic
    • Steven R. Plunkett, M.D. / Physician
    • Marquiez Denise Ballard / Physician
    • Matthews radiation oncology / Medical Clinic
    • SERO at Matthews Radiation Oncology Center / Medical Group / Cancer Treatment Center

    Property Details for 1400 Matthews Township Pkwy

    Year built
    1990
    Lot size
    1.30 lot acres
    Property size
    8,822 SF
    Zone code
    R/I(CD)
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    19329135
    APU
    19329135

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,050,000
      6.5%
      $1,890,000
      7%
      $1,755,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,800,000
      OFFICE BUILDING
      $2,765,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Matthews
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7155
    Latitude
    35.1211
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $22,616
    $1,269,000
    $1,788,800
    $3,057,800
    -
    $1,269,000
    $1,788,800
    $3,057,800

    Comparable in this City

    • Value Estimation
      $2,520,000
      18,963 SF

      101 Matthews St

      MEDICAL BUILDING • 18,963 SF
      101 Matthews St, Matthews, NC 28105-4866
      View Details
    • Value Estimation
      $805,000
      2,562 SF

      9607 Nene Pkwy

      MEDICAL BUILDING • 2,562 SF
      9607 Nene Pkwy, Matthews, NC 28105-6883
      View Details
    • Value Estimation
      $550,000
      3,040 SF

      2505 Plantation Ctr Dr

      MEDICAL BUILDING • 3,040 SF
      2505 Plantation Ctr Dr, Matthews, NC 28105-5298
      View Details
    • Value Estimation
      $525,000
      3,500 SF

      3041 Senna Dr

      MEDICAL BUILDING • 3,500 SF
      3041 Senna Dr, Matthews, NC 28105-6727
      View Details
    • Value Estimation
      $845,000
      4,112 SF

      10808 Monroe Rd

      MEDICAL BUILDING • 4,112 SF
      10808 Monroe Rd, Matthews, NC 28105-7305
      View Details
    • Value Estimation
      $6,765,000
      40,990 SF

      332 Trade St

      MEDICAL BUILDING • 40,990 SF
      332 Trade St, Matthews, NC 28105-1728
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,853 SF

      Matthews Office Park Opportunity

      Office space in a thriving Charlotte suburb, ideal for medical.
      1348 Matthews Township Pkwy, Matthews, NC 28105
      View Details
    • Contact for pricing

      Office Property For Sale

      Office property available for purchase with a 6.50% CAP.
      1230 Mann Dr, Matthews, NC 28105
      View Details
    • Contact for pricing
      915 SF

      Office Space in Matthews

      Office property for sale in Matthews, North Carolina.
      212 W Matthews St, Matthews, NC 28105
      View Details
    • Contact for pricing
      8,023 SF

      Downtown Matthews Warehouse Opportunity

      8,000+ sqft warehouse in prime downtown location.
      528 E Charles St, Matthews, NC 28105
      View Details
    • $677,250

      Matthews Specialty Property For Sale

      Specialty property available in Matthews, North Carolina.
      1912 E John St, Matthews, NC 28105
      View Details
    • $1,400,000

      Downtown Matthews Warehouse Opportunity

      8,000+ sqft warehouse in prime downtown location.
      528 Charles St, Matthews, NC 28105
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office Space For Lease

      Space for lease with high traffic and great opportunity.
      11500 E Independence Blvd, Matthews, NC 28105
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      Located near Novant Health Matthews Medical Center in growing community.
      1401 Matthews Township Pkwy, Matthews, NC 28105
      View Details
    • Contact for pricing

      Downtown Matthews Retail/Medical Space

      Retail and medical spaces available in Downtown Matthews.
      110 E John St, Matthews, NC 28105
      View Details
    • Contact for pricing

      Flex Space with Office Suite

      Versatile flex space featuring drive-in access and an office suite.
      2024 Independence Commerce Dr, Matthews, NC 28105
      View Details
    • Contact for pricing

      Retail/Office Space Near Novant Health

      Retail and office spaces available near Novant Health Matthews Hospital.
      1640 Matthews Township Pkwy, Matthews, NC 28105
      View Details
    • Contact for pricing

      Office Suites For Lease

      Second-story office suites available in Matthews, North Carolina.
      10020 Monroe Rd, Matthews, NC 28105
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1400 Matthews Township Pkwy
    Matthews, NC 28105-4655
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1400 Matthews Township Pkwy, Matthews, NC, 28105
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!