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Property profile & analytics
OFF-MARKET
Estimated value
$26,020,000
Strip malls
2314 Matthews Township Pkwy, Matthews, NC 28105-2360
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2109485
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1996
Total area
130,670 SF
Lot
12.72 ac (553,996 SF)
Zoning code
B1SCD
APN
19331104
UPID
US53-2109485
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
-
Academy Sports + Outdoors (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$29.61M
Comparable Approach
Comparable
$25.47M
Blend (final)
Blend
$26.02M
Owner & transaction history
Bva Matthews LLC · 6 yrs held
Bva Matthews LLC
since 2020
Last sale
$23.9M
7 recorded transactions
Zoning & alternative use
B1SCD · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$41.5M
+10.0%
Office building
$40.9M
+8.6%
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
$27,340,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$32,070,000
6.5%
$29,605,000
7%
$27,490,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$37,705,000
Current use
RETAIL STORES
$41,475,000
Change: +10% · Conversion: Easy
OFFICE BUILDING
$40,930,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$35,840,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$26.02M
Range $23.42M – $28.62M · ±10% · vs last sale $23.85M (Apr 23 2020)
Last sale anchor
$23.85M
Apr 23 2020
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
$199 / 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
$107,096
Tax year 2023
Assessed value
$14,480,300
Assessed 2024
Previous assessed
$14,846,700
-2.5% YoY
Effective rate
0.74%
On assessed value
Assessed land
$4,503,500
Assessed improvement
$9,976,800
Land market value
$4,503,500
Improvement market value
$9,976,800
Total market value
$14,480,300
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
1
Units
1
Total area
130,670 SF
Lot
12.72 ac (553,996 SF)
Zoning code
B1SCD
APN
19331104
UPID
US53-2109485
Jurisdiction
MECKLENBURG
Zoning & alternative use
B1SCD · Matthews, NC
Zoning B1SCD · permitted uses
B1SCD · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$37.7M
RETAIL STORES
Est. value
$41.5M
OFFICE BUILDING
Est. value
$40.9M
AUTO REPAIR, GARAGE
Est. value
$35.8M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
OFFICE BUILDING
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
1996
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
12.72 ac
Current owner
From public records · entity-resolved
Bva Matthews LLC
Entity
Mailing address
162 N MAIN ST STE #5, FLORIDA, NY 10921-1049
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2020
$23,850,000
Bva Matthews LLC
Ptrs Matthews Corners L Viking
Grant Deed
$6,291,619 · Ameris Bk
Oct 24, 2018
—
Viking Ptrs Matthews Corners L
—
Loan Modification
related
$34,117,000 · Huntington Nat'l Bk
Sep 12, 2017
—
Viking Ptrs Matthews Cnrs LLC
—
Deed
related
$13,572,638 · Huntington Nat'l Bk
Aug 11, 2015
$16,200,000
Viking Partners Matthews Corners LLC
USA Matthews Corners LLC
Special Warranty Deed
$52,000,000 · The Huntington National Bank
Oct 27, 2005
—
USA Matthews Corners 12 LLC
USA Matthews Corners LLC
Quit Claim Deed
—
Oct 13, 2005
—
USA Matthews Corners LLC
Matthews Corners Associates
Quit Claim Deed
related
—
Oct 13, 2005
$21,802,000
USA Matthews Corners LLC
Matthews Corners Associates LP
Special Warranty Deed
$15,250,000 · Archon Financial LP
Jan 19, 1996
—
Matthews Corners Associate
Matthews,corners
Quit Claim Deed
related
—
—
—
Viking Ptrs Matthews Cnrs LLC
—
Loan Modification
related
$13,572,638 · Huntington Nat'l 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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