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Property profile & analytics
OFF-MARKET
Estimated value
$16,500,000
Specialty properties
1700 Chambers Dr Matthews, NC 28105-4733
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-0502532
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1986
Total area
14,796 SF
Lot
7.15 ac (311,280 SF)
Zoning code
R12CD
APN
21510205
UPID
US53-0502532
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
-
Rise Matthews Pointe Apartment Complex
-
Chambers Ridge Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$16.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.50M
Owner & transaction history
Rise Matthews Pointe LLC · 2 yrs held
Rise Matthews Pointe LLC
since 2024
Last sale
$16.5M
5 recorded transactions
Zoning & alternative use
R12CD · Matthews, NC
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
$16,500,000
ML approach
$16,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$16.50M
Range $14.85M – $18.15M · ±10% · vs last sale $16.50M (Jul 3 2024)
Last sale anchor
$16.50M
Jul 3 2024
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
$1,115 / 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
$120,275
Tax year 2023
Assessed value
$16,262,200
Assessed 2024
Previous assessed
$16,786,800
-3.1% YoY
Effective rate
0.74%
On assessed value
Assessed land
$2,188,700
Assessed improvement
$14,073,500
Land market value
$2,188,700
Improvement market value
$14,073,500
Total market value
$16,262,200
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1986
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
6
Stories
1
Total area
14,796 SF
Lot
7.15 ac (311,280 SF)
Zoning code
R12CD
APN
21510205
UPID
US53-0502532
Jurisdiction
MECKLENBURG
Zoning & alternative use
R12CD · Matthews, NCZoning R12CD · permitted uses
R12CD · Matthews, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Chapter 5
Building & site characteristics
From public records
Year built
1986
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
6
Lot
7.15 ac
Current owner
From public records · entity-resolved
Rise Matthews Pointe LLC
Entity
Free & Clear · 2 yrs held
Mailing address
500 W 2ND ST STE #1900, AUSTIN, TX 78701-4687
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2024
$16,500,000
Rise Matthews Pointe LLC
1700 Chambers Dr LLC
Special Warranty Deed
—
Jul 20, 2022
$17,000,000
1700 Chambers Dr LLC
Charlotte Owner 1 LLC
Special Warranty Deed
$13,279,500 · Encore Bank NA
Nov 7, 2014
$7,309,500
Brk Matthews LP
Bvf Chambers Ridge LP
Grant Deed
$5,960,000 · Walker & Dunlop
Jan 15, 2008
$6,400,000
Chambers Ridge Bvf
Queens Ventures LLC
Grant Deed
$5,780,000 · Cwcapital LLC
Mar 31, 2005
—
Queens Ventures LLC
Queens Ventures
Quit Claim Deed
related
$2,250,000 · General Electric Capital Corp
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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