New search
Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Grocery and convenience stores
3609 Matthews Weddington Rd, Matthews, NC 28105-9308
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US53-1154448
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1991
Construction
WOOD
Total area
2,448 SF
Lot
2.98 ac (129,809 SF)
Zoning code
OLR STALLINGS
APN
07-141-004
UPID
US53-1154448
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
-
Marathon Gas Gas Station
-
U-Sav Variety Store Grocery & Convenience Store
-
ATM (U-Sav Variety Store) Atm Food Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$343k
Blend (final)
Blend
$555k
Owner & transaction history
Budgem Weddington Matthews Sto · 18 yrs held
Budgem Weddington Matthews Sto
since 2007
1 recorded transaction
Zoning & alternative use
OLR STALLINGS · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$765,000
+106.5%
Retail stores
$680,000
+82.6%
Auto repair, garage
$390,000
+4.5%
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%
$600,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$370,000
Current use
OFFICE BUILDING
$765,000
Change: +107% · Conversion: Moderate
RETAIL STORES
$680,000
Change: +83% · Conversion: Easy
AUTO REPAIR, GARAGE
$390,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$385,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$227 / 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
$5,678
Tax year 2023
Assessed value
$596,400
Assessed 2023
Previous assessed
$596,400
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$488,700
Assessed improvement
$107,700
Land market value
$488,700
Improvement market value
$107,700
Total market value
$596,400
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1991
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
2,448 SF
Lot
2.98 ac (129,809 SF)
Zoning code
OLR STALLINGS
APN
07-141-004
UPID
US53-1154448
Jurisdiction
UNION
Zoning & alternative use
OLR STALLINGS · Matthews, NC
Zoning OLR STALLINGS · permitted uses
OLR 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
$370,000
OFFICE BUILDING
Est. value
$765,000
RETAIL STORES
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$390,000
COMMERCIAL (GENERAL)
Est. value
$385,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1991
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
2.98 ac
Current owner
From public records · entity-resolved
Budgem Weddington Matthews Sto
Individual
Mailing address
PO BOX 766, MONROE, NC 28111-0766
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2007
$900,000
Budgem Weddington Matthews Sto
Jerry N Broome
Trustees Deed
$6,548,000 · Key Bank & Trust
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 3609 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.
