Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2440 Plantation Ctr Dr Matthews, NC 28105-5297

    • Specialty properties
    • 10,648 SF
    • 2.21 lot acres
    OFF-MARKET
    Value Estimations
    $740,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1539603
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Animal Eye Clinic / Veterinary Clinic
    • Charlotte Veterinary Surgery / Veterinary Clinic
    • Skyline Veterinary Specialists & Emergency / Veterinary Clinic
    • Hospital for Veterinary Dentistry and Oral Surgery / Veterinary Clinic
    • Dodd Veterinary Imaging Services / Veterinary Clinic

    Property Details for 2440 Plantation Ctr Dr

    Year built
    2001
    Lot size
    2.21 lot acres
    Property size
    10,648 SF
    Zone code
    O-15(CD)
    Property type
    Specialty properties
    APN
    22756137
    APU
    22756137

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      VETERINARY, ANIMAL HOSPITAL
      $855,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,130,000
      Change: +32% Conversion: Difficult
      RESTAURANT
      $1,035,000
      Change: +21% Conversion: Difficult
      MEDICAL BUILDING
      $970,000
      Change: +13% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $840,000
      Change: -2% Conversion: Difficult
      RETAIL STORES
      $695,000
      Change: -19% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Matthews
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7333
    Latitude
    35.0859
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $22,647
    $1,622,000
    $1,465,500
    $3,087,500
    -
    $1,622,000
    $1,465,500
    $3,087,500

    Comparable in this City

    • Value Estimation
      $3,440,000
      74,064 SF

      Matthews, NC 28105

      PROFESSIONAL CLUBS/ASSOCIATIONS • 74,064 SF
      Matthews, NC 28105
      View Details
    • Value Estimation
      $1,440,000
      1,152 SF

      1020 Evian Ln

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,152 SF
      1020 Evian Ln, Matthews, NC 28105-6581
      View Details
    • Value Estimation
      $16,500,000
      14,796 SF

      1700 Chambers Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 14,796 SF
      1700 Chambers Dr, Matthews, NC 28105-4733
      View Details
    • Value Estimation
      $975,000
      1,375 SF

      10638 Monroe Rd

      VETERINARY, ANIMAL HOSPITAL • 1,375 SF
      10638 Monroe Rd, Matthews, NC 28105-8396
      View Details
    • Value Estimation by Request
      3,176 SF

      1200 Trade St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,176 SF
      1200 Trade St, Matthews, NC 28105
      View Details
    • Value Estimation by Request
      800 SF

      10600 Idlewild Rd

      VETERINARY, ANIMAL HOSPITAL • 800 SF
      10600 Idlewild Rd, Matthews, NC 28105-1915
      View Details

    Similar Nearby for Sale

    • $677,250

      Matthews Specialty Property For Sale

      Specialty property available in Matthews, North Carolina.
      1912 E John St, Matthews, NC 28105
      View Details
    • $4,960,000
      40,000 SF

      Retail Investment Opportunity in Matthews

      Retail property with long-term tenant in prime Matthews location.
      1016 Devore Ln, Matthews, NC 28105
      View Details
    • $470,000
      1.03 Acres

      Residential Land in Matthews, NC

      1.03-acre lot approved for four attached townhome condos.
      1718 Matthews Mint Hill Rd, Matthews, NC 28105
      View Details
    • Contact for pricing

      Office Property For Sale

      Office property available for purchase with a 6.50% CAP.
      1230 Mann Dr, Matthews, NC 28105
      View Details
    • $460,000
      1,753 SF

      Renovated Duplex in Union County

      Turnkey duplex with strong rental income potential in Matthews, NC.
      501 Friendship Dr, Matthews, NC 28105
      View Details
    • $1,400,000

      Downtown Matthews Warehouse Opportunity

      8,000+ sqft warehouse in prime downtown location.
      528 Charles St, Matthews, NC 28105
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      72,380 SF

      Monroe Road Specialty Property

      72,380 SF specialty property available for rent in Matthews.
      10301 Monroe Rd, Matthews, NC 28105
      View Details
    • Contact for pricing

      Matthews NC Distribution Opportunity

      Prime distribution location in Charlotte's 'Last Mile' industrial submarket.
      10301 Monroe Rd, Matthews, NC 28105
      View Details
    • Contact for pricing
      2,750 SF

      Matthews Flex Space Available

      Flex suites with offices, warehouse space, and drive-in doors.
      2032 Independence Commerce Dr, Matthews, NC 28105
      View Details
    • $12 SF/Yr
      54,793 SF

      Matthews Warehouse Space Available

      54,793 SF warehouse space for rent in Matthews, NC.
      11129-11135 Monroe Rd, Matthews, NC 28105
      View Details
    • Contact for pricing

      Commercial Land in High-Profile Location

      0.5 acres available near Downtown Matthews with highway access.
      527 W John St, Matthews, NC 28105
      View Details
    • Contact for pricing

      Commercial Land Approved for Medical

      Commercial land approved for medical office space in Matthews, NC.
      2930 Matthews Township Pkwy, Matthews, NC 28105
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2440 Plantation Ctr Dr
    Matthews, NC 28105-5297
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!