New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Strip malls
2945 Matthews Weddington Rd, Matthews, NC 28104-7927
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0260195
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2014
Construction
WOOD
Total area
9,624 SF
Lot
2.7 ac (117,612 SF)
Zoning code
CZ STALLINGS
APN
07-141-005
UPID
US53-0260195
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
-
John's Place Restaurant
-
Mario's Italian Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.10M
Owner & transaction history
Shops At Chestnut LLC · 13 yrs held
Shops At Chestnut LLC
since 2012
7 recorded transactions
Zoning & alternative use
CZ STALLINGS · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+4.5%
Commercial (general)
$1.5M
+3.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,460,000
Current use
AUTO REPAIR, GARAGE
$1,525,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,510,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$1,365,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±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
$114 / 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
$13,793
Tax year 2023
Assessed value
$1,409,400
Assessed 2023
Previous assessed
$1,409,400
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$319,300
Assessed improvement
$1,090,100
Land market value
$319,300
Improvement market value
$1,090,100
Total market value
$1,409,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2014
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Units
1
Rooms
4
Bathrooms
1
Total area
9,624 SF
Lot
2.7 ac (117,612 SF)
Zoning code
CZ STALLINGS
APN
07-141-005
UPID
US53-0260195
Jurisdiction
UNION
Zoning & alternative use
CZ STALLINGS · Matthews, NC
Zoning CZ STALLINGS · permitted uses
CZ 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
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2014
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
4
Bathrooms
1
Lot
2.7 ac
Current owner
From public records · entity-resolved
Shops At Chestnut LLC
Entity
Mailing address
1488 LONGLEAF CT, MATTHEWS, NC 28104-7889
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
26 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2022
—
Shops At Chestnut LLC
—
Deed
related
$4,702,550 · Encore Bank NA
Sep 8, 2021
—
Shops At Chestnut LLC
—
Deed
related
$48,577 · First National Bank Of Pennsylvania
Sep 28, 2018
—
Shops At Chestnut LLC
—
Grant Deed
related
$5,042,000 · First Nat'l Bk/pa
May 4, 2015
—
Shops At Chestnut LLC
—
Trustees Deed
related
$925,000 · Carolina Premier Bk
Aug 9, 2013
—
Shops At Chestnut LLC
—
Trustees Deed
related
$1,944,000 · Carolina Premier Bk
Aug 28, 2012
$285,000
Shops At Chestnut LLC
Sherin,dawn M
Warranty Deed
—
Nov 19, 2003
$107,000
Nvr
Lochary,charles
Grant Deed
—
Apr 14, 2003
$50,500
Nvr
The Mathisen Co
Grant Deed
—
Mar 26, 2003
$50,500
Nvr
Weddington At Ch
Trustees Deed
—
Mar 26, 2003
$270,500
Lochary,charles P
Nvr INC
Trustees Deed
—
Mar 26, 2003
—
Charles P Lochary
Nvr INC
Grant Deed
related
—
Mar 12, 2003
—
Stallings H Chestnut
Weddington At Ch
Grant Deed
related
—
Mar 11, 2003
$50,500
Nvr INC
Weddington At Ch
Grant Deed
—
Feb 14, 2003
$50,500
Nvr
Weddington At Ch
Grant Deed
—
Jan 27, 2003
$50,500
Nvr
Weddington At Ch
Grant Deed
—
Jan 7, 2003
$50,500
Nvr
Weddington At Ch
Grant Deed
—
Dec 16, 2002
$50,500
Nvr
Weddington At Ch
Grant Deed
—
Dec 4, 2002
$151,500
Nvr
Weddington At Ch
Grant Deed
—
Dec 3, 2002
$101,000
Nvr
Weddington At Ch
Grant Deed
—
Nov 26, 2002
$245,000
B Richardson
Nvr INC
Grant Deed
—
Oct 24, 2002
$50,500
Nvr
Weddington At Ch
Grant Deed
—
Sep 6, 2002
$50,500
Nvr
Weddington At Ch
Grant Deed
—
Jan 29, 2002
—
Weddington At Chestnut Ltd
Chestnut,stallin
Quit Claim Deed
related
—
Mar 12, 2001
—
Stallings H Chestnut
The Mathisen Com
Grant Deed
related
—
May 15, 2000
$525,000
Weddington At Chestnut Ltd
The Mathisen Com
Grant Deed
—
Dec 29, 1999
$15,000
The Mathisen Company
Matthews,richard
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2945 Matthews Weddington Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
