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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
Zoning description
The Highway Business District is established to create and protect business areas for the retailing of merchandise, which may include establishments generating high volume or frequent customer traffic, and for carrying on professional and business services, often serving a large population. This type of district will be located generally adjacent to major th…
Zone name
Highway Business Conditional
General category
COMMERCIAL
Zone area
113.14 ac
Source
Realmo
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
Blend value · Realmo final
$2.11M
Range $1.90M – $2.32M · ±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
$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, NCZoning 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
Zoning description
The Highway Business District is established to create and protect business areas for the retailing of merchandise, which may include establishments generating high volume or frequent customer traffic, and for carrying on professional and business services, often serving a large population. This type of district will be located generally adjacent to major thoroughfares.
Zone name
Highway Business Conditional
General category
COMMERCIAL
Zone area
113.14 ac
Source
Realmo
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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