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Property profile & analytics
OFF-MARKET
Estimated value
$8,600,000
Grocery and convenience stores
5955 Weddington Rd, Matthews, NC 28104-6296
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3643061
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2009
Total area
48,464 SF
Lot
12.45 ac (542,278 SF)
Zoning code
R-40 WESLEY CHAPEL
APN
06-045-009
UPID
US53-3643061
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
-
Forest Lake Dental Dental Office
-
Scott Sweeney, DO Pediatrician Physician
-
Michael Johnson Physician
-
Priya Sheth Physician
-
Novella Form & Facial Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.16M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.60M
Owner & transaction history
Wesley Chapel Fee Owner LLC · 12 yrs held
Wesley Chapel Fee Owner LLC
since 2014
7 recorded transactions
Zoning & alternative use
R-40 WESLEY CHAPEL · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$9,915,000
6.5%
$9,155,000
7%
$8,500,000
Alternative Use
Use
Estimation
RETAIL STORES
$13,420,000
Current use
Blend value · Realmo final
$8.60M
Range $7.74M – $9.46M · ±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
$177 / 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
$88,284
Tax year 2023
Assessed value
$13,828,900
Assessed 2023
Previous assessed
$12,906,100
+7.2% YoY
Effective rate
0.64%
On assessed value
Assessed land
$5,435,500
Assessed improvement
$8,393,400
Land market value
$5,435,500
Improvement market value
$8,393,400
Total market value
$13,828,900
Applied tax rate
976.0000
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2009
Heating
YES
Buildings
5
Stories
1
Total area
48,464 SF
Lot
12.45 ac (542,278 SF)
Zoning code
R-40 WESLEY CHAPEL
APN
06-045-009
UPID
US53-3643061
Jurisdiction
UNION
Zoning & alternative use
R-40 WESLEY CHAPEL · Matthews, NC
Zoning R-40 WESLEY CHAPEL · permitted uses
R-40 WESLEY CHAPEL · 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
RETAIL STORES Current
Est. value
$13.4M
RETAIL STORES Current
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
YES
Stories
1
Buildings
5
Lot
12.45 ac
Current owner
From public records · entity-resolved
Wesley Chapel Fee Owner LLC
Entity
Mailing address
3735 BEAM RD UNIT B, CHARLOTTE, NC 28217-8800
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2022
—
Wesley Chapel Fee Owner LLC
—
Deed
related
$2,000,000 · Stancorp Mortgage Investors LLC
Feb 11, 2014
—
Wesley Chapel Fee Owner LLC
Wesley Chapel Retail Invtrs Ll
Quit Claim Deed
related
$18,900,000 · Ladder Cap Fin
Nov 14, 2005
$1,605,000
Wesley Chapel Retail Invtrs Ll
Earnhardt-price Family LLC
Grant Deed
—
Jan 28, 2004
$496,500
Ryland Group INC
Earnhardt,price
Grant Deed
—
Oct 30, 2002
$254,000
Thomas R Clinton
The Ryland Group
Grant Deed
—
Mar 8, 2002
$268,000
D Franklin Stephenson
The Ryland Group
Grant Deed
—
Jan 30, 2002
$378,000
The Ryland Group INC
Crosland,lindenw
Grant Deed
—
Dec 28, 2001
$286,000
Rhone
The Ryland Group
Trustees Deed
—
Dec 28, 2001
$305,000
Rhone
The Ryland Group
Trustees Deed
—
Nov 29, 2001
$62,000
The Ryland Group INC
Crosland,lindenw
Grant Deed
—
Jul 30, 2001
$434,000
The Ryland Group INC
Crosland,lindenw
Grant Deed
—
Jul 30, 2001
—
Lindenwood Homeowners Assn
Crosland,lindenw
Quit Claim Deed
related
—
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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