Property profile

435 N Trade St Matthews, NC 28105

FOR SALE
Banks
Property ID
US53-1318798
17,388 SF 1.41 ac lot Built 2016
Individually Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 18,316 square foot, two-story office building, located in the heart of Matthews' downtown district, presents a unique investment opportunity. Built in 2016, the property originally housed Skyla Federal Credit Union and currently features a mix of traditional and executive office spaces. The building boasts three suites, with a minimum divisible space of 9,113 square feet and a maximum contiguous space of 9,203 square feet. Currently, the entire 18,316 square feet is available for lease. The ground floor includes a branch office, general office space, foyer, and a food retail space occupied by Loyalist Market since 2016. The second floor is dedicated entirely to office space. The building is equipped with dual power sources, including rooftop gas generators, a secure vault, and a comprehensive security system. Situated in a thriving, affluent suburb of Charlotte, this property offers an urban feel with convenient access to numerous amenities and is within walking distance of historic downtown Matthews. The property is zoned B-1 (CD) in Mecklenburg County, North Carolina, and includes approximately 3.5 parking spaces per 1,000 square feet.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2016
Total area 17,388 SF
Lot 1.41 ac (61,463 SF)
Zoning code B-1(CD)
APN 19327117
UPID US53-1318798

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Credit Union
  • Restaurant

Location

435 N Trade St Matthews, NC 28105
Matthews metro Census 5866 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$840k

Owner & transaction history

since 2014
3 recorded transactions
2014
$525,000
2012
$1.9M
2005
Price N/A

Zoning & alternative use

B-1(CD) · Matthews, NC
Zoning description

The Neighborhood Business District is established to create and protect business centers for the retailing of merchandise such as groceries, prescription medicine, and household items and for the provision of professiona…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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