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    Property profile & analytics

    700 Sam Newell Rd Matthews, NC 28105-4515

    • Warehouses
    • 75,251 SF
    • 5.83 lot acres
    OFF-MARKET
    Value Estimation
    $7,130,000
    Last Sale
    Feb 23, 2024
    $7,000,000
    Location Intelligence
    Property ID
    US53-2050478
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Carotek Inc - Carolinas / Industrial Equipment Supplier / Measuring Instruments Supplier
    • Carotek Quick Order / Corporate Office

    Property Details for 700 Sam Newell Rd

    Year built
    1976
    Lot size
    5.83 lot acres
    Property size
    75,251 SF
    Zone code
    I1
    Property type
    Warehouses
    APN
    19329201
    APU
    19329201

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $7,000,000

    • CAP approach

      CAP return
      Estimation
      6%
      $7,160,000
      6.5%
      $6,300,000
      7%
      $6,960,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $7,775,000
      Geo Method
      $7,910,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $7,235,000
      Retail
      $7,055,000
      Mixed-Use
      $8,235,000
      Hospitality
      $7,425,000
      Educational
      $6,795,000
      Residential Income
      $7,270,000
      Energy
      $6,460,000
      Income-Based Land
      $6,500,000
      Food Service
      $7,425,000

    Location Insight

    • Map
    • Local Demand
    City
    Matthews
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7167
    Latitude
    35.1233
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $49,508
    $2,996,300
    $3,697,600
    $6,693,900
    -
    $2,996,300
    $3,697,600
    $6,693,900

    Comparable in this City

    • Value Estimation by Request
      871,352 SF

      10401 Monroe Rd

      WAREHOUSE, STORAGE • 871,352 SF
      10401 Monroe Rd, Matthews, NC 28105-5349
      View Details
    • Value Estimation by Request
      21,712 SF

      600 Charles St

      WAREHOUSE, STORAGE • 21,712 SF
      600 Charles St, Matthews, NC 28105-1843
      View Details
    • Value Estimation by Request
      11,700 SF

      626 Charles St

      WAREHOUSE, STORAGE • 11,700 SF
      626 Charles St, Matthews, NC 28105-1857
      View Details
    • Value Estimation
      $290,000
      1,025 SF

      552 Charles St

      WAREHOUSE, STORAGE • 1,025 SF
      552 Charles St, Matthews, NC 28105-1701
      View Details
    • Value Estimation
      $1,860,000
      12,900 SF

      1304 Industrial Dr

      WAREHOUSE, STORAGE • 12,900 SF
      1304 Industrial Dr, Matthews, NC 28105-5307
      View Details
    • Value Estimation
      $405,000
      10,100 SF

      1430 Industrial Dr

      WAREHOUSE, STORAGE • 10,100 SF
      1430 Industrial Dr, Matthews, NC 28105-5415
      View Details

    Similar Nearby for Sale

    • $1,800,000
      1.30 Acres

      Matthews Warehouse: Prime Investment

      8,000+ sq ft, 5-unit warehouse, high cash flow.
      528 Charles St, Matthews, NC 28105
      View Details
    • $1,980,000
      4.19 Acres

      Matthews, NC Commercial Land

      4.19 Acres, High-Traffic Location
      1905 Independence Commerce Dr, Matthews, NC 28105
      View Details
    • $4,995,000
      1.61 Acres

      Matthews Commercial Property Investment

      High-Visibility Matthews Location, Endless Potential
      200 Matthews St, Matthews, NC 28105
      View Details
    • $388,000
      1,579 SF

      Charming Home with Cozy Fireplace

      Charming home featuring a fireplace and natural color palette.
      2905 Polo View Ln, Matthews, NC 28105
      View Details
    • $470,000
      1.03 Acres

      Residential Land Approved For Development

      1.03-acre lot approved for four attached townhome condos.
      1718 Matthews Mint Hill Rd, Matthews, NC 28105
      View Details
    • $677,250

      Matthews Specialty Property For Sale

      Specialty property available in Matthews, North Carolina.
      1912 E John St, Matthews, NC 28105
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      1,030 SF

      Matthews Flex Unit For Rent

      Flex unit with office and warehouse space available for rent.
      2024 Independence Commerce Dr, Matthews, NC 28105
      View Details
    • Contact for pricing
      262,359 SF

      Eastside Logistics: Prime Industrial Space

      Massive East Charlotte warehouse; 157,216 SF available.
      10301 Monroe Rd, Matthews, NC 28105
      View Details
    • $18 SF/Yr
      2,750 SF

      Matthews Flex Space Available

      Flex suites with offices, warehouse space, and drive-in doors.
      2032 Independence Commerce Dr, Matthews, NC 28105
      View Details
    • $12 SF/Yr
      54,793 SF

      Matthews Warehouse Space Available

      54,793 SF warehouse space for rent in Matthews, NC.
      11129-11135 Monroe Rd, Matthews, NC 28105
      View Details
    • $96,000
      189,922 SF

      Prime Charlotte Industrial Lot

      4.35-Acre Truck Parking & Storage
      2101 Mt Harmony Church Rd, Matthews, NC 28105
      View Details
    • Contact for pricing

      Restaurant Space in Matthews, NC

      2,806 SF former restaurant with patio space for lease.
      Matthews, NC 28105
      View Details

    Property Visit Statistics

    • Visits by month
      5.3k
    • Visitors by month
      3.7k
    • Avg Time on site
      13 min
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    700 Sam Newell Rd
    Matthews, NC 28105-4515
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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