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    1904 E John St Matthews, NC 28105
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    1904 E John St Matthews, NC 28105

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    • Commercial land
    For Sale
    $3,900,000
    View Listing →
    10.4 Acre Development Opportunity For Sale
    $3,900,000

    10.4 Acre Development Opportunity

    10.4 acre development opportunity off I-485 in Matthews, NC.

    1904 E John St, Matthews, NC 28105
    View Listing
    Property ID
    US53-0459434
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 1904 E John St

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    10.4 acre development opportunity in excellent location right off I-485 Exit 52 on E John St in Matthews. E John St road widening project is underway greatly enhancing ingress/egress to the site. One of the last few undeveloped sites in this corridor

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Matthews
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7063549
    Latitude
    35.0964236

    Comparable in this City

    • $150,000
      0.65 Acres

      Land For Sale, Matthews, NC

      Land for sale in Matthews, close to shopping center.
      Margaret Wallace Rd, Matthews, NC 28105
      View Details
    • $3,500,000

      Prime Commercial Property in Matthews

      Commercial property in a bustling location with high visibility.
      200 E Matthews St, Matthews, NC 28105
      View Details
    • Contact for pricing

      Commercial Land Approved for Development

      Land approved for medical office space development in Matthews, NC.
      2930 Matthews Township Pkwy, Matthews, NC 28105
      View Details
    • Contact for pricing

      Monroe Road Outparcel For Sale

      Pad-ready site suitable for industrial, storage, or retail development.
      10701 Monroe Rd, Matthews, NC 28105
      View Details
    • $1,350,000

      Prime Land Development Opportunity

      6.09 acres in a high-growth area with road frontage.
      10003 Idlewild Rd, Matthews, NC 28105
      View Details
    • $5,000,000
      3.58 Acres

      Land in Matthews, North Carolina

      3.58 acre land parcel near Mint Hill and Matthews.
      14818 Hooks Rd, Matthews, NC 28105
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      200 E Matthews St, Matthews, NC 28105

      Commercial land
      200 E Matthews St, Matthews, NC 28105
      View Details
    • $1,100,000

      Monroe Road Outparcel For Sale

      Pad-ready site near Sam’s Xpress® Car Wash and QuikTrip.
      10701 Monroe Rd, Matthews, NC 28105
      View Details
    • Contact for pricing

      Commercial Land Approved for Development

      Commercial land approved for medical office space development.
      2930 Matthews Mint Hill Rd, Matthews, NC 28105
      View Details
    • $3,500,000

      Prime Commercial Property in Matthews

      Commercial property in a bustling location with high visibility.
      200 E Matthews St, Matthews, NC 28105
      View Details
    • Contact for pricing

      Commercial Land Approved for Development

      Land approved for medical office space development in Matthews, NC.
      2930 Matthews Township Pkwy, Matthews, NC 28105
      View Details
    • Contact for pricing

      Monroe Road Outparcel For Sale

      Pad-ready site suitable for industrial, storage, or retail development.
      10701 Monroe Rd, Matthews, NC 28105
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land in High-Profile Location

      0.5 acres available near Downtown Matthews with highway access.
      527 W John St, Matthews, NC 28105
      View Details
    • Contact for pricing

      Commercial Land Approved for Medical

      Commercial land approved for medical office space in Matthews, NC.
      2930 Matthews Township Pkwy, Matthews, NC 28105
      View Details
    • Contact for pricing

      Mixed-Use Development in Downtown Matthews

      Mixed-use property with restaurant, retail, office, and medical space.
      110 Matthews Station St, Matthews, NC 28105
      View Details
    • Contact for pricing

      Office Spaces Near Matthews

      Office spaces available with kitchenette and private bathroom.
      9940 Monroe Rd, Matthews, NC 28105
      View Details
    • Contact for pricing

      Matthews NC Distribution Opportunity

      Prime distribution location in Charlotte's 'Last Mile' industrial submarket.
      10301 Monroe Rd, Matthews, NC 28105
      View Details
    • $12 SF/Yr
      54,793 SF

      Matthews Warehouse Space Available

      54,793 SF warehouse space for rent in Matthews, NC.
      11129-11135 Monroe Rd, Matthews, NC 28105
      View Details
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    1904 E John St
    Matthews, NC 28105
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    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
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