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Property profile & analytics
OFF-MARKET
Estimated value
$310,000
Office buildings
2008 Moore Rd Matthews, NC 28105-4978
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US53-2131110
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
6,288 SF
Lot
0.5 ac (21,830 SF)
Zoning code
B-3(CD)
APN
21510107
UPID
US53-2131110
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
-
Lab Xpress & Fingerprinting Medical Clinic
-
EHC Health Career Institute Training Center
-
Excellent Home Care Home Health Care Service
-
ASIC LLC Tech Support Center IT Consulting Firm
-
Rollins & Rollins Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$310k
Owner & transaction history
Rollins & Pace Properties LLC · 19 yrs held
Rollins & Pace Properties LLC
since 2006
5 recorded transactions
Zoning & alternative use
B-3(CD) · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The High Rise Business District is established to provide areas in which a variety of retail uses, professional and business services, office and limited wholesaling or warehousing concerns, plus other complementary uses, may be established. The development standards for this district are designed to create concentrations of uses with similar needs for incre…
Zone name
High Rise Business Conditional
General category
MIXED_USE
Zone area
29.89 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
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,725,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$310k
Range $279k – $341k · ±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
$49 / 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
$6,338
Tax year 2023
Assessed value
$857,000
Assessed 2024
Previous assessed
$861,300
-0.5% YoY
Effective rate
0.74%
On assessed value
Assessed land
$224,100
Assessed improvement
$632,900
Land market value
$224,100
Improvement market value
$632,900
Total market value
$857,000
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
2005
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
6,288 SF
Lot
0.5 ac (21,830 SF)
Zoning code
B-3(CD)
APN
21510107
UPID
US53-2131110
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-3(CD) · Matthews, NCZoning B-3(CD) · permitted uses
B-3(CD) · Matthews, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The High Rise Business District is established to provide areas in which a variety of retail uses, professional and business services, office and limited wholesaling or warehousing concerns, plus other complementary uses, may be established. The development standards for this district are designed to create concentrations of uses with similar needs for increased building height located generally adjacent to major highways, higher density residential, or mixed use development.
Zone name
High Rise Business Conditional
General category
MIXED_USE
Zone area
29.89 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.7M
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
2005
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Rollins & Pace Properties LLC
Entity
Mailing address
2008 MOORE RD STE C, MATTHEWS, NC 28105-4979
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
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
Sep 20, 2017
—
Rollins & Pace Properties LLC
—
Deed
related
$525,000 · First Citizens Bank & Trust Co
Sep 11, 2006
—
Rollins & Pace Properties LLC
David G Rollins
Warranty Deed
$600,000 · Suntrust Bank
Jan 25, 2006
—
Steven G Pace
—
Trustees Deed
related
$530,000 · High Point Bank & Trust Co
Mar 5, 1999
$200,000
Mb Inn INC
Wjb Family Limit
Grant Deed
—
Oct 24, 1996
—
Wjb Family Limited Partner
Wjb Family Limit
Quit Claim Deed
related
—
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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