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Property profile & analytics
OFF-MARKET
Estimated value
$16,610,000
Drug stores
3310 Siskey Pkwy Matthews, NC 28105-3222
Entity Owned
18-yr Hold
Free & Clear
Property ID
US53-2964387
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2006
Total area
103,313 SF
Lot
12.71 ac (553,648 SF)
Zoning code
B1SCD
APN
22756299
UPID
US53-2964387
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
-
MoneyGram Bank Credit Union
-
CVS Cosmetic Store
-
Cynthia Gleeson, FNP Medical Clinic
-
CVS Pharmacy Pharmacy
-
UPS Access Point location Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.61M
Owner & transaction history
Carter Bros Associates · 18 yrs held
Carter Bros Associates
since 2007
7 recorded transactions
Zoning & alternative use
B1SCD · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$21,090,000
6.5%
$19,465,000
7%
$18,075,000
Blend value · Realmo final
$16.61M
Range $14.95M – $18.27M · ±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
$161 / 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
$176,429
Tax year 2023
Assessed value
$23,854,600
Assessed 2024
Previous assessed
$24,319,700
-1.9% YoY
Effective rate
0.74%
On assessed value
Assessed land
$5,976,900
Assessed improvement
$17,877,700
Land market value
$5,976,900
Improvement market value
$17,877,700
Total market value
$23,854,600
Applied tax rate
19.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2006
Heating
STEAM
Cooling
CENTRAL
Buildings
7
Stories
2
Total area
103,313 SF
Lot
12.71 ac (553,648 SF)
Zoning code
B1SCD
APN
22756299
UPID
US53-2964387
Jurisdiction
MECKLENBURG
Zoning & alternative use
B1SCD · Matthews, NC
Zoning B1SCD · permitted uses
B1SCD · 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.
Building & site characteristics
From public records
Year built
2006
Heating
STEAM
Cooling
Yes
Stories
2
Buildings
7
Lot
12.71 ac
Current owner
From public records · entity-resolved
Carter Bros Associates
Entity
Free & Clear · 18 yrs held
Mailing address
610 E MOREHEAD ST STE #100, CHARLOTTE, NC 28202-2699
Ownership since
2007
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
Nov 19, 2019
—
Mckee Farms-matthews LLC
—
Deed
related
$19,000,000 · Miscellaneous Ins Co
Aug 17, 2007
$1,110,000
Carter Bros Associates
Mckee Farms-matthews LLC
Grant Deed
—
Aug 15, 2005
$75,000
Young Mens Christian Assn Of Grt
Mckee Farms-matthews LLC
Grant Deed
—
Aug 15, 2005
—
Young Mens Christian Assn Of Grt
Mckee Farms-matthews LLC
Grant Deed
related
—
Nov 19, 2004
$4,336,000
Mckee Farms-matthews LLC
Fincher,herbert W & Ethel B
Grant Deed
$6,468,000 · Wachovia Bank NA
—
—
Mckee Farms-matthews LLC
—
Deed Of Trust
related
$19,000,000 · Miscellaneous Ins Co
—
—
Mckee Farms-matthews LLC
—
Deed Of Trust
related
$16,700,000 · Genworth Life Insurance Co
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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