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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Warehouses
2505 Old Monroe Rd, Matthews, NC 28104-9730
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1106028
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1986
Total area
9,600 SF
Lot
1 ac (43,386 SF)
Zoning code
GR STALLINGS
APN
07-126-001A
UPID
US53-1106028
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
-
Liberty Flooring Solutions Carpet & Flooring Store Hardware & Home Improvement
-
Temple Wellness Clubs, LLC Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.06M
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$829k
Blend (final)
Blend
$1.17M
Owner & transaction history
Beltway Industrial Park LLC · 4 yrs held
Beltway Industrial Park LLC
since 2022
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
GR STALLINGS · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+11.7%
Commercial (general)
$1.5M
+10.8%
Neighborhood: shopping center
$1.5M
+7.0%
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
$1,075,000
ML approach
$1,060,000
CAP Approach
CAP Return
Estimation
6%
$1,365,000
6.5%
$1,260,000
7%
$1,170,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,360,000
Current use
AUTO REPAIR, GARAGE
$1,520,000
Change: +12% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,510,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,455,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±10% · vs last sale $1.39M (Feb 17 2022)
Last sale anchor
$1.39M
Feb 17 2022
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
$121 / 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
$2,990
Tax year 2023
Assessed value
$276,100
Assessed 2023
Previous assessed
$276,100
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$174,300
Assessed improvement
$101,800
Land market value
$174,300
Improvement market value
$101,800
Total market value
$276,100
Applied tax rate
720.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Heating
YES
Stories
1
Total area
9,600 SF
Lot
1 ac (43,386 SF)
Zoning code
GR STALLINGS
APN
07-126-001A
UPID
US53-1106028
Jurisdiction
UNION
Zoning & alternative use
GR STALLINGS · Matthews, NC
Zoning GR STALLINGS · permitted uses
GR STALLINGS · 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
WAREHOUSE, STORAGE Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1986
Heating
YES
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Beltway Industrial Park LLC
Entity
Mailing address
4400 FRIENDSHIP DR STE D, MATTHEWS, NC 28105-5900
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2022
$1,388,000
Beltway Industrial Park LLC
Ldh Rental Properties LLC
Warranty Deed
$470,400 · Townebank
Mar 4, 2002
—
Ldh Rental Properties LLC
Harrill,larry D
Grant Deed
related
—
—
—
Ldh Rental Properties LLC
—
Deed Of Trust
related
$247,500 · First Citizens Bank & Trust Co
—
—
Ldh Rental Properties LLC
—
Deed Of Trust
related
$293,673 · First Charter Bank
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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