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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Grocery and convenience stores
2700 Old Monroe Rd, Matthews, NC 28104-9727
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1452202
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1985
Total area
2,760 SF
Lot
1.12 ac (48,787 SF)
Zoning code
NRD STALLINGS
APN
07-129-311A
UPID
US53-1452202
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
-
Sam's Mart Grocery & Convenience Store
-
Exxon Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
$625k
Comparable Approach
Comparable
$578k
Blend (final)
Blend
$515k
Owner & transaction history
Sxcw Properties III LLC · 3 yrs held
Sxcw Properties III LLC
since 2023
2 recorded transactions
Zoning & alternative use
NRD STALLINGS · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$845,000
+102.4%
Retail stores
$765,000
+82.6%
Auto repair, garage
$435,000
+4.5%
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
$345,000
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$625,000
7%
$580,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$420,000
Current use
OFFICE BUILDING
$845,000
Change: +102% · Conversion: Moderate
RETAIL STORES
$765,000
Change: +83% · Conversion: Easy
AUTO REPAIR, GARAGE
$435,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$435,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$390,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$187 / 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
$11,111
Tax year 2023
Assessed value
$1,258,100
Assessed 2023
Previous assessed
$1,258,100
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$1,008,000
Assessed improvement
$250,100
Land market value
$1,008,000
Improvement market value
$250,100
Total market value
$1,258,100
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1985
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
2,760 SF
Lot
1.12 ac (48,787 SF)
Zoning code
NRD STALLINGS
APN
07-129-311A
UPID
US53-1452202
Jurisdiction
UNION
Zoning & alternative use
NRD STALLINGS · Matthews, NC
Zoning NRD STALLINGS · permitted uses
NRD 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$420,000
OFFICE BUILDING
Est. value
$845,000
RETAIL STORES
Est. value
$765,000
AUTO REPAIR, GARAGE
Est. value
$435,000
COMMERCIAL (GENERAL)
Est. value
$435,000
WAREHOUSE, STORAGE
Est. value
$390,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1985
Heating
YES
Cooling
Yes
Stories
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
Sxcw Properties III LLC
Entity
Mailing address
2817 BELVEDERE AVE STE #200, CHARLOTTE, NC 28205-3705
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2023
—
Sxcw Properties III LLC
Sxcw Properties II LLC
Intrafamily Transfer
related
$150,000,000 · Fifth Third Bank NA
May 16, 2001
—
Trout Properties L Rainbow
Branch,banking
Grant Deed
related
—
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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