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Property profile & analytics
OFF-MARKET Estimated value $1,665,000
Strip malls

2335 Matthews Township Pkwy Matthews, NC 28105-2402

8,750 SF 1.38 ac lot Built 2004
Entity Owned 16-yr Hold Free & Clear
Property ID
US53-0660169
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2004
Total area 8,750 SF
Lot 1.38 ac (60,026 SF)
Zoning code B-1SCD
APN 19352116
UPID US53-0660169
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
  • T-Mobile Mobile Phone Store Electronics & Wireless Store
  • More Dentistry Dental Office
  • DentalWorks Matthews Dental Office
  • Marathon Health @ Sycamore Commons Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.98M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.67M
Owner & transaction history
Ia Matthews Sycamore LLC · 16 yrs held
Ia Matthews Sycamore LLC
since 2010
4 recorded transactions
2010
$51.3M
2007
Price N/A
2004
$2.7M
2004
$520,000
Zoning & alternative use
B-1SCD · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

155.503.7. Shopping Center District (B-1SCD) A. The Shopping Center District is established to provide for the development and efficient operation of integrated shopping centers or retail sales establishments which exceed one hundred thousand ( 100,000) square feet of total floor area. “Retail” for this district shall include predominately the sale of mercha…

Zone name Neighborhood Business Shopping Center District
General category COMMERCIAL
Zone area 310.59 ac
Source Chapter 5
Top alternative use upside
Office building $2.7M +8.6%
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