Property profile

1401 Matthews Township Pkwy Matthews, NC 28105

FOR LEASE
Medical Office Space
Property ID
US53-1550717
92,310 SF 6.03 ac lot Built 1998
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Adbel Plaza, a three-story medical office building totaling 90,000 square feet, presents a unique opportunity in the thriving Matthews, North Carolina market. Currently, a single, vacant suite of 4,111 square feet is available for lease within this multi-tenant building located at 1401 Matthews Township Parkway, zip code 28105, in Mecklenburg County. The building enjoys a highly desirable location in one of Southeast Charlotte's fastest-growing communities, offering exceptional visibility and accessibility. Its strategic placement directly across from Novant Health Matthews Medical Center ensures a high volume of foot traffic and a strong patient base. Convenient access to major transportation arteries is another key advantage, with easy connections to Highway 51 (Matthews Township Parkway) and Highway 74 (East Independence Boulevard). The property is also approximately two miles from Interstate 485, providing seamless connectivity throughout the Charlotte metropolitan area. This prime location, combined with the available space, makes Adbel Plaza an ideal choice for medical practices seeking expansion or relocation in a vibrant and rapidly developing area. The building's size and single suite vacancy offer a unique opportunity for a practice seeking a significant footprint in a high-demand location.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1998
Total area 92,310 SF
Lot 6.03 ac (262,536 SF)
Zoning code B-3(CD)
APN 19329202
UPID US53-1550717

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pediatrician
  • Pediatrician Medical Clinic
  • Physician Medical Clinic
  • Physician
  • Physician

Location

1401 Matthews Township Pkwy Matthews, NC 28105
Matthews metro Census 5866 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$27.45M
CAP Approach CAP
$19.78M
Comparable Approach Comparable
$32.07M
Blend (final) Blend
$27.45M

Owner & transaction history

since 2024
Last sale
$27.5M
7 recorded transactions
2024
$27.5M
2018
$26.2M
2017
Price N/A
2014
Price N/A
1998
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-3(CD) · Matthews, NC
Zoning description

The High Rise Business District is established to provide areas in which a variety of retail uses, professional and business services, office and limited wholesaling or warehousing concerns, plus other complementary uses…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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