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Property profile & analytics
OFF-MARKET
Estimated value
$15,505,000
Outlet malls
2125 Matthews Township Pkwy Matthews, NC 28105-5766
Entity Owned
19-yr Hold
Free & Clear
Property ID
US53-2786908
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2001
Total area
157,991 SF
Lot
14.8 ac (644,688 SF)
Zoning code
O(CD)
APN
19352115
UPID
US53-2786908
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
-
Costco Food Court Restaurant
-
Costco Bakery Bakery Specialty Food Shop
-
Costco Grocery & Convenience Store Food Market
-
Cardtronics ATM Atm
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.51M
Owner & transaction history
Ddrtc Sycamore Commons LLC · 19 yrs held
Ddrtc Sycamore Commons LLC
since 2007
1 recorded transaction
Zoning & alternative use
O(CD) · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Office District is established to provide areas which are conducive to the establishment and continuance of offices, institutions, and commercial activities not involving the sale of merchandise and, generally, of small scale and intensity.
Zone name
Office Conditional
General category
COMMERCIAL
Zone area
94.94 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
$15.51M
Range $13.95M – $17.06M · ±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
$98 / 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
$107,407
Tax year 2023
Assessed value
$14,522,300
Assessed 2024
Previous assessed
$14,651,500
-0.9% YoY
Effective rate
0.74%
On assessed value
Assessed land
$7,323,400
Assessed improvement
$7,198,900
Land market value
$7,323,400
Improvement market value
$7,198,900
Total market value
$14,522,300
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
157,991 SF
Lot
14.8 ac (644,688 SF)
Zoning code
O(CD)
APN
19352115
UPID
US53-2786908
Jurisdiction
MECKLENBURG
Zoning & alternative use
O(CD) · Matthews, NCZoning O(CD) · permitted uses
O(CD) · Matthews, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Office District is established to provide areas which are conducive to the establishment and continuance of offices, institutions, and commercial activities not involving the sale of merchandise and, generally, of small scale and intensity.
Zone name
Office Conditional
General category
COMMERCIAL
Zone area
94.94 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
14.8 ac
Current owner
From public records · entity-resolved
Ddrtc Sycamore Commons LLC
Entity
Free & Clear · 19 yrs held
Mailing address
999 LK DR, ISSAQUAH, WA 98027-8990
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2007
—
Ddrtc Sycamore Commons LLC
Inland Southeast Sycamore LLC
Grant Deed
—
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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