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    Property profile & analytics

    2925 Senna Dr Matthews, NC 28105-6878

    • Strip malls
    • 16,862 SF
    • 1.13 lot acres
    OFF-MARKET
    Value Estimations
    $2,935,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2284889
    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

    • Home Technology Solutions / Security Service / General Contractor
    • HTS / Security Service / General Contractor
    • Linel Nail Salon (Luxury nails services) / Nail Salon
    • Bella & Guy Salon / Hair Salon / Nail Salon

    Property Details for 2925 Senna Dr

    Year built
    2007
    Lot size
    1.13 lot acres
    Property size
    16,862 SF
    Zone code
    B-1SCD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    19331153
    APU
    19331153

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,140,000
      6.5%
      $3,820,000
      7%
      $3,545,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $4,865,000
      Current use
      AUTO REPAIR, GARAGE
      $4,625,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Matthews
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.6937
    Latitude
    35.1248
    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
    $28,193
    $829,600
    $2,982,300
    $3,811,900
    -
    $829,600
    $2,982,300
    $3,811,900

    Comparable in this City

    • Value Estimation
      $2,590,000
      14,907 SF

      130 Matthews Sta St

      SHOPPING CENTER, STRIP CENTER • 14,907 SF
      130 Matthews Sta St, Matthews, NC 28105-6719
      View Details
    • Value Estimation
      $2,075,000
      15,734 SF

      1600 Matthews Mint Hl Rd

      SHOPPING CENTER, STRIP CENTER • 15,734 SF
      1600 Matthews Mint Hl Rd, Matthews, NC 28105-1848
      View Details
    • Value Estimation
      $2,110,000
      15,529 SF

      1905 Rice Rd Ext

      SHOPPING CENTER, STRIP CENTER • 15,529 SF
      1905 Rice Rd Ext, Matthews, NC 28105-3575
      View Details
    • Value Estimation
      $1,260,000
      11,716 SF

      8909 Independence Blvd

      SHOPPING CENTER, STRIP CENTER • 11,716 SF
      8909 Independence Blvd, Matthews, NC 28105-4507
      View Details
    • Value Estimation
      $1,330,000
      8,520 SF

      100 John St

      SHOPPING CENTER, STRIP CENTER • 8,520 SF
      100 John St, Matthews, NC 28105-5476
      View Details
    • Value Estimation
      $650,000
      3,582 SF

      116 John St

      SHOPPING CENTER, STRIP CENTER • 3,582 SF
      116 John St, Matthews, NC 28105-5316
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,023 SF

      Downtown Matthews Warehouse Opportunity

      8,000+ sqft warehouse in prime downtown location.
      528 E Charles St, 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
    • Contact for pricing

      Monroe Road Outparcel For Sale

      Pad-ready site suitable for industrial, storage, or retail development.
      10701 Monroe Rd, Matthews, NC 28105
      View Details
    • $1,275,000

      Highway 74 Exit Land Parcel

      2.89+/- acre commercial land near Highway 74 exit.
      12027 Guion Ln, Matthews, NC 28105
      View Details
    • $950,000
      3.38 Acres

      Land Opportunity Near Downtown Matthews

      3.38 acres near downtown Matthews with redevelopment potential.
      440 Bubbling Well Rd, Matthews, NC 28105
      View Details
    • $190,000
      0.64 Acres

      Flat Lot Ready to Build

      0.64 acre lot, ready to build in Matthews, North Carolina.
      12510 Idlewild Rd, Matthews, NC 28105
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Center Anchored by Harris Teeter

      128,651 SF neighborhood center at a major intersection.
      1811 Matthews Township Pkwy, Matthews, NC 28105
      View Details
    • Contact for pricing

      Food Lion Anchored Shopping Center

      Shopping center with national retailers and small shops available for rent.
      3555 Matthews-Mint Hl Rd, Matthews, NC 28105
      View Details
    • Contact for pricing

      Retail Space in Matthews, NC

      Retail, service, and restaurant spaces available in high-traffic Matthews.
      10046 E Independence Blvd, Matthews, NC 28105
      View Details
    • Contact for pricing

      Downtown Matthews Retail/Medical Space

      Retail and medical spaces available in Downtown Matthews.
      110 E John St, Matthews, NC 28105
      View Details
    • New
      Contact for pricing

      Retail/Office Space For Lease

      Space for lease with high traffic and great opportunity.
      11500 E Independence Blvd, Matthews, NC 28105
      View Details
    • Contact for pricing

      Retail/Office Space Near Novant Health

      Retail and office spaces available near Novant Health Matthews Hospital.
      1640 Matthews Township Pkwy, Matthews, NC 28105
      View Details
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    2925 Senna Dr
    Matthews, NC 28105-6878
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    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
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