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Property profile & analytics
OFF-MARKET
Estimated value
$2,475,000
Commercial real estate
6300 Weddington Rd Matthews, NC 28104-7925
Entity Owned
14-yr Hold
Free & Clear
Property ID
US53-0777388
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2009
Total area
11,838 SF
Lot
2.61 ac (113,474 SF)
Zoning code
B-2 WESLEY CHAPEL
APN
06-048-007C
UPID
US53-0777388
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
-
CVS Photo (Bike/Boat/Book/etc) Store
-
CVS Cosmetic Store
-
MoneyGram Bank Credit Union
-
CVS Pharmacy Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.62M
Comparable Approach
Comparable
$2.91M
Blend (final)
Blend
$2.48M
Owner & transaction history
Village Commons Branch II LLC · 14 yrs held
Village Commons Branch II LLC
since 2012
7 recorded transactions
Zoning & alternative use
B-2 WESLEY CHAPEL · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Chapter 5
Top alternative use upside
Office building
$3.6M
+95.4%
Retail stores
$3.3M
+76.3%
Auto repair, garage
$1.9M
+0.8%
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%
$2,830,000
6.5%
$2,615,000
7%
$2,425,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,860,000
Current use
OFFICE BUILDING
$3,635,000
Change: +95% · Conversion: Easy
RETAIL STORES
$3,280,000
Change: +76% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,875,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,795,000
Change: -3% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,680,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$2.48M
Range $2.23M – $2.72M · ±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
$209 / 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
$24,950
Tax year 2023
Assessed value
$3,908,200
Assessed 2023
Previous assessed
$3,908,200
+0.0% YoY
Effective rate
0.64%
On assessed value
Assessed land
$1,563,000
Assessed improvement
$2,345,200
Land market value
$1,563,000
Improvement market value
$2,345,200
Total market value
$3,908,200
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2009
Heating
YES
Buildings
2
Stories
1
Total area
11,838 SF
Lot
2.61 ac (113,474 SF)
Zoning code
B-2 WESLEY CHAPEL
APN
06-048-007C
UPID
US53-0777388
Jurisdiction
UNION
Zoning & alternative use
B-2 WESLEY CHAPEL · Matthews, NCZoning B-2 WESLEY CHAPEL · permitted uses
B-2 WESLEY CHAPEL · Matthews, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Chapter 5
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
OFFICE BUILDING
Est. value
$3.6M
RETAIL STORES
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.7M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
2
Lot
2.61 ac
Current owner
From public records · entity-resolved
Village Commons Branch II LLC
Entity
Free & Clear · 14 yrs held
Mailing address
610 E MOREHEAD ST STE #100, CHARLOTTE, NC 28202-2699
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2019
—
Village Commons Branch II LLC
—
Grant Deed
related
$13,000,000 · Miscellaneous Ins Co
Jan 5, 2018
—
Village Commons Branch II LLC
—
Deed
related
$264,500 · Wells Fargo Bk
Mar 21, 2012
$13,204,000
Village Commons Branch II LLC
Branch Village Commons Invtrs
Grant Deed
—
Mar 21, 2012
$1,043,000
Branch Village Commons Invtrs
Dunitz Maxine & Gerald Trust
Grant Deed
—
Mar 21, 2012
$8,393,000
Branch Village Commons Invtrs
Kirk Frank & Lynn Trust
Grant Deed
—
Mar 20, 2012
$1,043,000
Dunitz Maxine & Gerald Trust
Village Commons Branch II LLC
Grant Deed
$10,000,000 · Wells Fargo Bank NA
Mar 20, 2012
$2,725,000
Branch Village Commons Invtrs
Village Commons Branch II LLC
Grant Deed
—
Mar 20, 2012
—
Village Commons Branch II LLC
Village Commons Phase II LLC
Quit Claim Deed
—
—
—
Michael C Pait
—
Deed Of Trust
related
$75,000 · Suntrust Bank NA
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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