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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Office Spaces
428 Trade St 103 Matthews, NC 28105-1729
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1390974
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2009
Total area
2,488 SF
Lot
2.62 ac (114,127 SF)
Zoning code
B1CD
APN
19329176
UPID
US53-1390974
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
-
Darren J. Ramsey, DDS Dental Office
-
Matthews Periodontics Dental Office
-
Danze Dentistry Dental Office
-
Fitness Together Gym & Fitness Center
-
Picklesimer E Kent DPM Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$830k
Owner & transaction history
Pmef Holdings LLC · 1 yrs held
Pmef Holdings LLC
since 2024
Last sale
$830,000
5 recorded transactions
Zoning & alternative use
B1CD · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$900,000
+15.4%
Retail stores
$790,000
+1.3%
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
$830,000
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$780,000
Current use
MEDICAL BUILDING
$900,000
Change: +15% · Conversion: Easy
RETAIL STORES
$790,000
Change: +1% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$720,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$680,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$830k
Range $747k – $913k · ±10% · vs last sale $830k (Dec 13 2024)
Last sale anchor
$830k
Dec 13 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
$334 / 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
$5,804
Tax year 2023
Assessed value
$784,700
Assessed 2024
Previous assessed
$784,700
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed improvement
$784,700
Improvement market value
$784,700
Total market value
$784,700
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2009
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,488 SF
Lot
2.62 ac (114,127 SF)
Zoning code
B1CD
APN
19329176
UPID
US53-1390974
Jurisdiction
MECKLENBURG
Zoning & alternative use
B1CD · Matthews, NC
Zoning B1CD · permitted uses
B1CD · 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 Current
Est. value
$780,000
MEDICAL BUILDING
Est. value
$900,000
RETAIL STORES
Est. value
$790,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$720,000
AUTO REPAIR, GARAGE
Est. value
$680,000
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2009
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.62 ac
Current owner
From public records · entity-resolved
Pmef Holdings LLC
Entity
Mailing address
428 N TRADE ST #103, MATTHEWS, NC 28105-1729
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2024
$830,000
Pmef Holdings LLC
Kj Green Investments LLC
Special Warranty Deed
$830,000 · Southstate Bank NA
Mar 3, 2017
$760,500
Matthews Medical Properties LLC
Mt Holly Huntersville Medical II Ll
Deed
$1,196,000 · Wells Fargo Bank NA
Feb 24, 2017
$894,000
Lmd Real Estate Holdings LLC
Mt Holly Huntersvile Medical II LLC
Commissioners Deed
related
—
Feb 20, 2017
$381,500
Ddbj Investments LLC
Mt Holly-huntersville Medical
Grant Deed
$436,083 · First Citizens Bk
Aug 11, 2011
$456,000
Kj Green Investments LLC
Mt Holly-huntersville Medical
Grant Deed
$374,000 · Bank Of America
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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