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Property profile & analytics
OFF-MARKET
Estimated value
$2,110,000
Strip malls
1905 Rice Rd Ext, Matthews, NC 28105-3575
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-5826964
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Total area
15,529 SF
Lot
1.37 ac (59,547 SF)
Zoning code
B-H(CD)
APN
19319123
UPID
US53-5826964
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
-
Carolina Industrial Insurance Agency Insurance Agency
-
The Luxury Maid Hardware & Home Improvement
-
Iglesia DELOALTO Church
-
Paper Crafters Muse (Bike/Boat/Book/etc) Store
-
Alexa’s Beauty Lounge & Institute Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.11M
Owner & transaction history
East Village Shopping Center LLC · 4 yrs held
East Village Shopping Center LLC
since 2021
6 recorded transactions
Zoning & alternative use
B-H(CD) · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$136 / 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
$16,904
Tax year 2023
Assessed value
$2,285,500
Assessed 2024
Previous assessed
$2,443,000
-6.4% YoY
Effective rate
0.74%
On assessed value
Assessed land
$1,722,900
Assessed improvement
$562,600
Land market value
$1,722,900
Improvement market value
$562,600
Total market value
$2,285,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1998
Heating
STEAM
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
15,529 SF
Lot
1.37 ac (59,547 SF)
Zoning code
B-H(CD)
APN
19319123
UPID
US53-5826964
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-H(CD) · Matthews, NC
Zoning B-H(CD) · permitted uses
B-H(CD) · 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.
Building & site characteristics
From public records
Year built
1998
Heating
STEAM
Cooling
Yes
Stories
1
Units
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
East Village Shopping Center LLC
Entity
Free & Clear · 4 yrs held
Mailing address
6601 GAYWIND DR, CHARLOTTE, NC 28226-6902
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2021
—
East Village Shopping Center LLC
Richard C Roskind
Special Warranty Deed
—
Jan 28, 2020
—
Richard C Roskind
East Vlg Shopping Ctr LLC
Warranty Deed
—
Jun 1, 2018
—
East Vlg Shopping Ctr LLC
—
Deed
related
$950,000 · Paragon Bk
Feb 27, 2007
$1,250,000
East Village Shopping Center L
Gbr Ents LLC
Warranty Deed
$1,080,000 · Regions Bank
—
—
East Village Shopping Center L
—
Deed Of Trust
related
$950,000 · Paragon Commercial Bank
—
—
East Vlg Shopping Ctr LLC
—
Loan Modification
related
$950,000 · Paragon Bk
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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