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Property profile & analytics
OFF-MARKET
Office Spaces
211 Matthews St C2 Matthews, NC 28105-1309
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-0064664
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2004
Total area
910 SF
Lot
1.29 ac (56,192 SF)
Zoning code
O9
APN
19326418
UPID
US53-0064664
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
-
Sarah Lajeunesse Physician
-
Conner Family Health Clinic Medical Clinic
-
StyleStrikeMen’s Marketing & Advertising IT Consulting Firm
-
Ascending Phoenix Acupuncture Medical Clinic Alternative Medicine Practice
-
Wanda S. Horton Interior Design Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Derenge Investments LLC · 1 yrs held
Derenge Investments LLC
since 2025
Last sale
$374,000
5 recorded transactions
Zoning & alternative use
O9 · 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
—
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
$1,670
Tax year 2023
Assessed value
$225,800
Assessed 2024
Previous assessed
$225,800
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed improvement
$225,800
Improvement market value
$225,800
Total market value
$225,800
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
910 SF
Lot
1.29 ac (56,192 SF)
Zoning code
O9
APN
19326418
UPID
US53-0064664
Jurisdiction
MECKLENBURG
Zoning & alternative use
O9 · Matthews, NC
Zoning O9 · permitted uses
O9 · 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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
Derenge Investments LLC
Entity
Mailing address
3007 SIMMON TREE RD, CHARLOTTE, NC 28270-0676
Ownership since
2025
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
Apr 1, 2025
$374,000
Derenge Investments LLC
Night Owl Holdings LLC
Special Warranty Deed
$187,000 · Dogwood State Bank
Jun 2, 2017
$145,000
Night Owl Holdings LLC
Infolob Solution INC
Warranty Deed
$123,250 · Park Sterling Bank
Aug 14, 2015
$61,500
Infolob Solutions INC
Healthier Resources INC
Grant Deed
—
Aug 25, 2005
$165,000
Healthier Resources INC
Matthews Corner LLC
Special Warranty Deed
$116,750 · First Citizens Bank & Trust Co
—
—
Infolob Solutions INC
—
Deed Of Trust
related
$61,293 · Branch Bk&tr
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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