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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Retail space
2218 Matthews Township Pkwy Matthews, NC 28105-2361
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-3522607
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Total area
10,068 SF
Lot
4.15 ac (180,600 SF)
Zoning code
B-1
APN
19352110
UPID
US53-3522607
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
-
Verizon Mobile Phone Store Electronics & Wireless Store
-
Verizon Business Services Business To Business Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.15M
Owner & transaction history
1640 L-a Capital LLC · 2 yrs held
1640 L-a Capital LLC
since 2024
7 recorded transactions
Zoning & alternative use
B-1 · 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
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
$1.15M
Range $1.03M – $1.26M · ±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
$114 / 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
$25,376
Tax year 2023
Assessed value
$3,431,000
Assessed 2024
Previous assessed
$4,510,200
-23.9% YoY
Effective rate
0.74%
On assessed value
Assessed land
$2,073,400
Assessed improvement
$1,357,600
Land market value
$2,073,400
Improvement market value
$1,357,600
Total market value
$3,431,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2016
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
10,068 SF
Lot
4.15 ac (180,600 SF)
Zoning code
B-1
APN
19352110
UPID
US53-3522607
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-1 · Matthews, NC
Zoning B-1 · permitted uses
B-1 · 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
2016
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.15 ac
Current owner
From public records · entity-resolved
1640 L-a Capital LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 1161, ASHEVILLE, NC 28802-1161
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2024
—
1640 L-a Capital LLC
1640 Mtp Capital LLC
Special Warranty Deed
—
Oct 27, 2023
$8,800,000
1640 Matthews Township Parkway LLC
Ljw Land LLC
Special Warranty Deed
—
May 11, 2022
—
Djm Nnn II LLC
—
Deed
related
$1,710,000 · Security Service FCU
Aug 31, 2020
$5,150,000
Bva Matthews Strip LLC
Ptrs Matthews Corners L Viking
Grant Deed
$3,900,000 · Ameris Bk
Mar 15, 2017
$4,260,000
Rudy & Dingo Associates LLC
Armstrong Garden Centers INC
Grant Deed
—
Mar 15, 2017
—
Rudy & Dingo Associates LLC
Armstrong Garden Centers INC
Grant Deed
related
$1,576,200 · Wells Fargo Bk
Feb 2, 2017
—
Armstrong Garden Centers INC
—
Grant Deed
related
$3,700,000 · Bank Of The West
Sep 30, 2016
—
Djm Nnn II LLC
—
Deed
related
—
Feb 22, 2016
$680,000
Armstrong Garden Centers INC
Matthews Centre Associates
Grant Deed
—
Feb 15, 2016
—
Matthews Centre Associates
Fountains Matthews LLC
Quit Claim 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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