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Property profile & analytics
OFF-MARKET
Estimated value
$5,770,000
Retail space
3617 Matthews Weddington Rd Matthews, NC 28105-9308
Entity Owned
15-yr Hold
Free & Clear
Property ID
US53-5442563
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Total area
57,567 SF
Lot
4.98 ac (216,972 SF)
Zoning code
CZ STALLINGS
APN
07-141-004A
UPID
US53-5442563
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
-
Life Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.77M
Owner & transaction history
Sovran Acquisition LP · 15 yrs held
Sovran Acquisition LP
since 2011
2 recorded transactions
Zoning & alternative use
CZ STALLINGS · Matthews, NC
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$100 / 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
$57,778
Tax year 2023
Assessed value
$6,644,800
Assessed 2023
Previous assessed
$6,644,800
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$921,000
Assessed improvement
$5,723,800
Land market value
$921,000
Improvement market value
$5,723,800
Total market value
$6,644,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2009
Heating
YES
Cooling
CENTRAL
Buildings
4
Stories
3
Rooms
4
Bathrooms
1
Total area
57,567 SF
Lot
4.98 ac (216,972 SF)
Zoning code
CZ STALLINGS
APN
07-141-004A
UPID
US53-5442563
Jurisdiction
UNION
Zoning & alternative use
CZ STALLINGS · Matthews, NCZoning 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
Source
Chapter 5
Building & site characteristics
From public records
Year built
2009
Heating
YES
Cooling
Yes
Stories
3
Buildings
4
Rooms
4
Bathrooms
1
Lot
4.98 ac
Current owner
From public records · entity-resolved
Sovran Acquisition LP
Entity
Free & Clear · 15 yrs held
Mailing address
6467 MAIN ST, WILLIAMSVILLE, NY 14221-5856
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2011
$4,575,000
Sovran Acquisition LP
Budgem Weddington Matthews Sto
Grant Deed
—
Nov 20, 2007
$900,000
Budgem Weddington Matthews Sto
Broome,jerry N & Teresa G
Warranty 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.
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