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Property profile & analytics
OFF-MARKET
Estimated value
$2,470,000
Outlet malls
315 Stallings Rd Matthews, NC 28104-5061
Individually Owned
4-yr Hold
Free & Clear
Property ID
US53-3695453
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1973
Total area
13,440 SF
Lot
4.14 ac (180,338 SF)
Zoning code
NRD STALLINGS
APN
07-126-007A
UPID
US53-3695453
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
-
Stallings Parks and Recreation Government Office
-
Stallings Police Department Police Department
-
Stallings Town Hall City Government Office
-
Kindermusik with Missy Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.58M
CAP Approach
CAP
$2.54M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.47M
Owner & transaction history
Town Of Stallings · 4 yrs held
Town Of Stallings
since 2021
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
NRD STALLINGS · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Chapter 5
Top alternative use upside
Office building
$4.1M
+10.8%
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
$2,470,000
ML approach
$2,580,000
CAP Approach
CAP Return
Estimation
6%
$2,750,000
6.5%
$2,540,000
7%
$2,355,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,720,000
Current use
OFFICE BUILDING
$4,125,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$2.47M
Range $2.22M – $2.72M · ±10% · vs last sale $2.75M (Dec 22 2021)
Last sale anchor
$2.75M
Dec 22 2021
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
$184 / 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
$12,102
Tax year 2023
Assessed value
$1,061,400
Assessed 2023
Previous assessed
$1,061,400
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$869,400
Assessed improvement
$192,000
Land market value
$869,400
Improvement market value
$192,000
Total market value
$1,061,400
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1973
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
13,440 SF
Lot
4.14 ac (180,338 SF)
Zoning code
NRD STALLINGS
APN
07-126-007A
UPID
US53-3695453
Jurisdiction
UNION
Zoning & alternative use
NRD STALLINGS · Matthews, NCZoning 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
Source
Chapter 5
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.7M
OFFICE BUILDING
Est. value
$4.1M
RETAIL STORES Current
OFFICE BUILDING
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
1973
Heating
YES
Cooling
Yes
Stories
1
Lot
4.14 ac
Current owner
From public records · entity-resolved
Town Of Stallings
Individual
Free & Clear · 4 yrs held
Mailing address
315 STALLINGS RD, MATTHEWS, NC 28104-5061
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
—
Town Of Stallings
Black & Black Properties LLC
Deed
—
Dec 22, 2021
$2,750,000
Town Of Stallings
Black & Black Properties LLC
Special Warranty Deed
—
Apr 5, 2017
—
Black & Black Properties LLC
—
Deed
related
$390,000 · Bank Of Nc
May 13, 2016
—
Black & Black Properties LLC
—
Deed
related
$240,000 · Bank Of Nc
May 23, 2007
—
Black & Black Properties LLC
Black,james D
Quit Claim Deed
related
—
May 8, 2007
—
Black & Black LLC
Black,james D
Quit Claim Deed
related
—
Feb 16, 2007
—
Black & Black LLC
Black,james D
Quit Claim Deed
related
—
Mar 1, 2000
—
James D Black
F,t Williams Com
Grant Deed
related
—
Jan 20, 2000
$600,000
James D Black
Williams,mildred
Grant Deed
—
—
—
Black & Black Properties LLC
—
Deed Of Trust
related
$240,000 · Bank Of Nc
—
—
Black & Black Properties LLC
—
Deed Of Trust
related
$390,000 · Bank Of Nc
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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