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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Warehouses
3469 Gribble Rd, Matthews, NC 28104-8114
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-0925005
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1983
Total area
3,900 SF
Lot
1.52 ac (66,168 SF)
Zoning code
LI STALLINGS
APN
07-129-333C
UPID
US53-0925005
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
-
Associated Battery Co Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$985k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$649k
Blend (final)
Blend
$985k
Owner & transaction history
3469 Gribble Road LLC · 2 yrs held
3469 Gribble Road LLC
since 2024
Last sale
$985,000
1 recorded transaction
Zoning & alternative use
LI STALLINGS · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+116.5%
Retail stores
$1.1M
+95.3%
Auto repair, garage
$620,000
+11.7%
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
$985,000
ML approach
$985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,195,000
Change: +116% · Conversion: Difficult
RETAIL STORES
$1,080,000
Change: +95% · Conversion: Moderate
AUTO REPAIR, GARAGE
$620,000
Change: +12% · Conversion: Easy
COMMERCIAL (GENERAL)
$615,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$590,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $985k (May 3 2024)
Last sale anchor
$985k
May 3 2024
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
$253 / 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
$3,159
Tax year 2023
Assessed value
$252,600
Assessed 2023
Previous assessed
$252,600
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$168,600
Assessed improvement
$84,000
Land market value
$168,600
Improvement market value
$84,000
Total market value
$252,600
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1983
Heating
YES
Stories
1
Total area
3,900 SF
Lot
1.52 ac (66,168 SF)
Zoning code
LI STALLINGS
APN
07-129-333C
UPID
US53-0925005
Jurisdiction
UNION
Zoning & alternative use
LI STALLINGS · Matthews, NC
Zoning LI STALLINGS · permitted uses
LI 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
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$615,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$590,000
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1983
Heating
YES
Stories
1
Lot
1.52 ac
Current owner
From public records · entity-resolved
3469 Gribble Road LLC
Entity
Mailing address
605 LEXINGTON AVE STE #100, CHARLOTTE, NC 28203-4571
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2024
$985,000
3469 Gribble Road LLC
Dwight R Hobbs
Special Warranty Deed
$780,000 · Piedmont Fsb
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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