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Property profile & analytics
OFF-MARKET
Estimated value
$6,480,000
Medical Office Space
710 Park Ctr Dr Matthews, NC 28105-5081
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-0060298
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
42,460 SF
Lot
3.3 ac (143,922 SF)
Zoning code
I-1
APN
19324305
UPID
US53-0060298
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
-
Betancourt Catherine K Physician
-
Daniel R. Lewis, MD Physician
-
George Collins, PA-C Medical Clinic
-
David T. Anderson, MD Physician
-
Casey O'Connor, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.48M
Owner & transaction history
Matthews 710 Apl Oc LLC · 6 yrs held
Matthews 710 Apl Oc LLC
since 2019
7 recorded transactions
Zoning & alternative use
I-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$153 / 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
$76,338
Tax year 2023
Assessed value
$10,321,500
Assessed 2024
Previous assessed
$10,397,700
-0.7% YoY
Effective rate
0.74%
On assessed value
Assessed land
$1,940,500
Assessed improvement
$8,381,000
Land market value
$1,940,500
Improvement market value
$8,381,000
Total market value
$10,321,500
Applied tax rate
19.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Rooms
6
Total area
42,460 SF
Lot
3.3 ac (143,922 SF)
Zoning code
I-1
APN
19324305
UPID
US53-0060298
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-1 · Matthews, NC
Zoning I-1 · permitted uses
I-1 · 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.
Building & site characteristics
From public records
Year built
2008
Heating
FORCED AIR
Cooling
Yes
Stories
3
Rooms
6
Lot
3.3 ac
Current owner
From public records · entity-resolved
Matthews 710 Apl Oc LLC
Entity
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2019
$18,300,000
Matthews 710 Apl Oc LLC
Mmac Ht I Nc Portfolio LP
Special Warranty Deed
$42,240,000 · First Tennessee Bank NA
Oct 12, 2018
—
Mmac Ht II Jetton LP
—
Grant Deed
related
$8,280,000 · Synovus Bk
Oct 6, 2017
$13,221,000
Mmac Ht INC Prtofollo LP
Ocre I LLC
Warranty Deed
$44,000,000 · Capital One NA
Jan 13, 2017
—
Ocre I LLC
—
Deed
related
$7,984,000 · Bank Of Nc
Aug 15, 2016
—
Ocre I LLC
—
Deed
related
$7,838,170 · Wells Fargo Bk
Mar 17, 2011
$9,000,000
Ocre I LLC
Mpcc Medical Plaza One LLC
Special Warranty Deed
$9,600,000 · Wells Fargo Bank NA
Mar 13, 2009
—
Mpcc Medical Plaza One LLC
Matthews Parkway Corporate Cen
Grant Deed
$7,200,000 · First Community Bank
Apr 19, 2007
$1,500,000
Parkway Corporate Cen Matthews
Mcnamara Marilyn A Trust
Grant Deed
$988,000 · Newdominion Bank
—
—
Ocre I LLC
—
Deed Of Trust
related
$7,838,170 · Wells Fargo Bk
—
—
Ocre I LLC
—
Deed Of Trust
related
$7,984,000 · Bank Of Nc
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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