New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Office buildings
148 Charles St, Matthews, NC 28105-4926
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-1765692
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Total area
9,180 SF
Lot
0.43 ac (18,912 SF)
Zoning code
B-1
APN
21501412
UPID
US53-1765692
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
-
Daniel G Coggins | Fairway Independent Mortgage Corporation Branch Manager Loan Service Bank
-
SLM Financial Corporation Financial Advisor
-
Alternative and Integrative Medicine Medical Clinic
-
Software Toolbox (Bike/Boat/Book/etc) Store Corporate Office
-
Garry A Green | Fairway Independent Mortgage Corporation Loan Officer Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$1.54M
Owner & transaction history
Software Toolbox INC · 4 yrs held
Software Toolbox INC
since 2022
7 recorded transactions
Zoning & alternative use
B-1 · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,520,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±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
$168 / 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
$9,204
Tax year 2023
Assessed value
$1,244,400
Assessed 2024
Previous assessed
$1,260,900
-1.3% YoY
Effective rate
0.74%
On assessed value
Assessed land
$362,200
Assessed improvement
$882,200
Land market value
$362,200
Improvement market value
$882,200
Total market value
$1,244,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
9,180 SF
Lot
0.43 ac (18,912 SF)
Zoning code
B-1
APN
21501412
UPID
US53-1765692
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-1 · Matthews, NC
Zoning B-1 · permitted uses
B-1 · 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
AUTO REPAIR, GARAGE
Est. value
$2.5M
AUTO REPAIR, GARAGE
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
1997
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Software Toolbox INC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 578, MATTHEWS, NC 28106-0578
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2022
—
Software Toolbox INC
148ec LLC
Lease
—
Apr 12, 2022
—
14sec LLC
F & N Properties LLC
Warranty Deed
—
Apr 12, 2022
$1,337,500
148ec LLC
F & N Properties LLC
Special Warranty Deed
—
Mar 21, 2016
—
F & N Properties LLC
—
Trustees Deed
related
$50,000 · Branch Bk&tr
Mar 15, 2006
—
F & N Properties LLC
Three & One Ptshp
Grant Deed
$975,000 · First Charter Bank
Jul 14, 1999
—
The Family
Williams,frank M
Grant Deed
related
—
Dec 2, 1997
$5,000
Nancy P Williams
Williams,nancy P
Grant Deed
related
—
Jun 6, 1991
$125,000
Frank M Williams
Unknown
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 148 Charles St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
