You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
New search
Property profile & analytics
FOR SALE
Warehouses

528 E Charles St Matthews, NC 28105

8,000 SF 0.51 ac lot Built 1965
Individually Owned 19-yr Hold ~ Est. High Equity
Property ID
US53-4738336
Property summary
AI-generated overview

This exceptional 8,000+ square foot warehouse in vibrant Downtown Matthews, NC presents a lucrative business opportunity. Situated on a 1.3-acre lot, this property boasts 17-foot ceilings and is currently generating income from five rental units used for automotive and outdoor storage. The warehouse features upgraded LED lighting throughout, ample parking, and a recently updated two-phase electrical system. Each office is equipped with tankless water heaters and central air conditioning, ensuring both efficiency and comfort. Its strategic location provides easy access to I-485, and is surrounded by a thriving mix of restaurants, retail establishments, and other businesses. The R-9 zoning allows for a variety of uses, and the current automotive use is grandfathered by the Town of Matthews, provided any future use remains similar. This property represents a significant long-term investment potential due to its prime location, existing cash flow, and versatile zoning. The substantial building size and high ceilings offer significant flexibility for a wide range of business ventures. The property's excellent condition and recent upgrades minimize immediate capital expenditure needs, allowing for a swift return on investment. Don't miss this rare chance to acquire a thriving business and prime real estate in the heart of Matthews. The asking price is $1,600,000.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1965
Total area 8,000 SF
Lot 0.51 ac (22,003 SF)
Zoning code R-9
APN 21501401
UPID US53-4738336
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
  • BB AUTO Auto Repair Shop Vehicle Inspection Center
  • DELSOL AUTO PARTS Auto Repair Shop Vehicle Inspection Center
  • 123 Auto Repair Auto Repair Shop
  • Alpina Direct Buy Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$690k
Blend (final) Blend
$505k
Owner & transaction history
Aleksander Kuvila · 19 yrs held
Aleksander Kuvila
since 2007
5 recorded transactions
2007
$280,000
2006
$269,000
2005
Price N/A
2004
$200,000
1991
$42,500
Zoning & alternative use
R-9 · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message