Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    720 Park Ctr Dr Matthews, NC 28105-5012

    • Office buildings
    • 15,572 SF
    • 1.20 lot acres
    OFF-MARKET
    Value Estimation
    $5,915,000
    Last Sale
    Apr 01, 2021
    $5,350,000
    Location Intelligence
    Property ID
    US53-1712682
    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

    • Proverbs 31 Ministries / Non-Profit Organization

    Property Details for 720 Park Ctr Dr

    Year built
    2020
    Lot size
    1.20 lot acres
    Property size
    15,572 SF
    Zone code
    I1
    Property type
    Office buildings
    APN
    19324307
    APU
    19324307

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,945,000
      6.5%
      $4,775,000
      7%
      $5,665,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,665,000
      Geo Method
      $4,680,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,305,000
      Retail
      $6,240,000
      Mixed-Use
      $5,790,000
      Hospitality
      $5,640,000
      Educational
      $5,925,000
      Residential Income
      $4,835,000
      Energy
      $5,150,000
      Income-Based Land
      $6,205,000
      Food Service
      $5,980,000

    Location Insight

    • Map
    • Local Demand
    City
    Matthews
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7215
    Latitude
    35.1211
    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
    $32,063
    $1,196,000
    $3,139,200
    $4,335,200
    -
    $1,196,000
    $3,139,200
    $4,335,200

    Comparable in this City

    • Value Estimation by Request
      872 SF

      Matthews, NC 28105

      OFFICE BUILDING • 872 SF
      Matthews, NC 28105
      View Details
    • Value Estimation by Request
      8,119 SF

      1031 Matthews Mint Hl Rd

      OFFICE BUILDING • 8,119 SF
      1031 Matthews Mint Hl Rd, Matthews, NC 28105-4622
      View Details
    • Value Estimation by Request
      7,806 SF

      2559 Plantation Ctr Dr

      OFFICE BUILDING • 7,806 SF
      2559 Plantation Ctr Dr, Matthews, NC 28105-5298
      View Details
    • Value Estimation
      $260,000
      800 SF

      126 Covenant Church Ln

      OFFICE BUILDING • 800 SF
      126 Covenant Church Ln, Matthews, NC 28105-2529
      View Details
    • Value Estimation
      $405,000
      1,940 SF

      12901 Hashanli Pl

      OFFICE BUILDING • 1,940 SF
      12901 Hashanli Pl, Matthews, NC 28105-3551
      View Details
    • Value Estimation
      $365,000
      4,418 SF

      1122 Industrial Dr

      OFFICE BUILDING • 4,418 SF
      1122 Industrial Dr, Matthews, NC 28105-5419
      View Details

    Similar Nearby for Sale

    • $380,000
      915 SF

      Office Space in Matthews

      Office property for sale in Matthews, North Carolina.
      212 W Matthews St, 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
    • $677,250

      Matthews Specialty Property For Sale

      Specialty property available in Matthews, North Carolina.
      1912 E John St, 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
    • $3,900,000

      Matthews Land: 10.4 Acres

      Prime Matthews development land, I-485 access.
      1904 John St, Matthews, NC 28105
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,600 SF

      Matthews Retail & Office Space

      Prime Matthews location, flexible suites.
      1640 Matthews Township Pkwy, Matthews, NC 28105
      View Details
    • $31 SF/Yr
      90,000 SF

      Adbel Plaza Medical Office Space

      Matthews, NC medical office suite available.
      1401 Matthews Township Pkwy, Matthews, NC 28105
      View Details
    • Contact for pricing
      4,700 SF

      Downtown Matthews Medical Office Space

      Prime Matthews location, 4,700 sq ft available.
      110 John St, Matthews, NC 28105
      View Details
    • Contact for pricing
      3,491 SF

      The Commons Executive Suites

      Charlotte Office Space for Lease
      10020 Monroe Rd, Charlotte, NC 28105
      View Details
    • $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
    • $3,950 /Mo

      Furnished Executive Office Suite

      Fully furnished office suite in Matthews Professional Center, available immediately.
      1234 Mann Dr, Matthews, NC 28105
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    720 Park Ctr Dr
    Matthews, NC 28105-5012
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.