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Property profile & analytics
OFF-MARKET
Estimated value
$2,185,000
Office buildings
2559 Plantation Ctr Dr, Matthews, NC 28105-5298
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-1673356
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Total area
7,806 SF
Lot
2.64 ac (114,868 SF)
Zoning code
R-3
APN
22756105
UPID
US53-1673356
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
-
IMEX Packaging Factory Production Facility
-
Autism 360 Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.25M
Comparable Approach
Comparable
$2.67M
Blend (final)
Blend
$2.19M
Owner & transaction history
Heiliger Shield Investments LLC · 3 yrs held
Heiliger Shield Investments LLC
since 2023
7 recorded transactions
Zoning & alternative use
R-3 · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.8M
+15.4%
Retail stores
$2.5M
+1.3%
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%
$2,435,000
6.5%
$2,245,000
7%
$2,085,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,445,000
Current use
MEDICAL BUILDING
$2,820,000
Change: +15% · Conversion: Easy
RETAIL STORES
$2,480,000
Change: +1% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,250,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,140,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$2.19M
Range $1.97M – $2.40M · ±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
$280 / 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
$13,554
Tax year 2023
Assessed value
$1,847,800
Assessed 2024
Previous assessed
$1,877,900
-1.6% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,381,200
Assessed improvement
$466,600
Land market value
$1,381,200
Improvement market value
$466,600
Total market value
$1,847,800
Applied tax rate
8.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
7,806 SF
Lot
2.64 ac (114,868 SF)
Zoning code
R-3
APN
22756105
UPID
US53-1673356
Jurisdiction
MECKLENBURG
Zoning & alternative use
R-3 · Matthews, NC
Zoning R-3 · permitted uses
R-3 · 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
OFFICE BUILDING Current
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.1M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2003
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.64 ac
Current owner
From public records · entity-resolved
Heiliger Shield Investments LLC
Entity
Free & Clear · 3 yrs held
Mailing address
64415 OLD BND REDMOND HWY, BEND, OR 97703-8440
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2023
—
Heiliger Shield Investments LLC
Barrett Development LLC
Correction Deed
related
—
Jun 7, 2021
—
Pacific Northwest Property Mgmt LLC
Jeffrey Properties LLC
Special Warranty Deed
—
Nov 5, 2018
—
Jeffrey Properties LLC
—
Trustees Deed
related
$900,000 · South St Bk
Nov 18, 1999
$180,000
B L Patch & Associates INC
Trotter,william
Grant Deed
—
Apr 19, 1999
—
B L Patch & Associates INC
Patch,bransen L
Quit Claim Deed
related
—
Jan 15, 1999
$140,000
William Trotter Developmen
Trotter,william
Grant Deed
related
—
—
—
Jeffrey Properties LLC
—
Deed Of Trust
related
$829,866 · Rbc Bank (usa)
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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