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Property profile & analytics
OFF-MARKET
Estimated value
$6,740,000
Grocery and convenience stores
7800 Stevens Ml Rd Matthews, NC 28104-6111
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-5799591
Property summary
AI-generated overview
Stevens Mill Crossing, located at 7800 Stevens Mill Road in Stallings, NC (28104), offers exceptional retail and restaurant opportunities. This 73,470 square foot shopping center, built in 2001, features a strong tenant mix including a Harris Teeter anchor. Four suites are currently available, ranging from 1,080 to 1,465 contiguous square feet, with a total of 5,020 square feet of vacant space. The property sits on a 1.2-acre lot and is conveniently located at the intersection of Stevens Mill Road and W Lawyers Rd, providing easy access to I-485. The center's outparcels include a CVS, McDonald's, Petro Gas Station, ProCare, and other smaller shops, further enhancing its visibility and drawing power. This prime location in Union County offers high visibility and excellent access for customers. The property is ideal for a variety of retail uses and presents a unique opportunity to establish a presence in a thriving commercial area. Minimum divisible space is 1,080 square feet.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2001
Total area
36,480 SF
Lot
12.21 ac (531,693 SF)
Zoning code
NRD STALLINGS
APN
07-054-715
UPID
US53-5799591
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
-
Novant Health Pine Lake Family Physicians - Hemby Bridge Medical Clinic
-
Dr. Jennifer Z. Honeycutt, MD Physician
-
Dr. Lloyd Bridges Pediatrician Physician
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
PNC Bank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.74M
Owner & transaction history
Stevens Mill Retail LLC · 8 yrs held
Stevens Mill Retail LLC
since 2018
7 recorded transactions
Zoning & alternative use
NRD STALLINGS · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Chapter 5
Top alternative use upside
Office building
$11.2M
+10.8%
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%
$7,465,000
6.5%
$6,890,000
7%
$6,400,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,105,000
Current use
OFFICE BUILDING
$11,200,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$6.74M
Range $6.07M – $7.41M · ±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
$185 / 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
$106,574
Tax year 2023
Assessed value
$11,572,500
Assessed 2023
Previous assessed
$11,572,500
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$5,035,000
Assessed improvement
$6,537,500
Land market value
$5,035,000
Improvement market value
$6,537,500
Total market value
$11,572,500
Applied tax rate
723.0000
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
2001
Heating
YES
Cooling
CENTRAL
Buildings
4
Stories
2
Total area
36,480 SF
Lot
12.21 ac (531,693 SF)
Zoning code
NRD STALLINGS
APN
07-054-715
UPID
US53-5799591
Jurisdiction
UNION
Zoning & alternative use
NRD STALLINGS · Matthews, NCZoning NRD STALLINGS · permitted uses
NRD STALLINGS · 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
RETAIL STORES Current
Est. value
$10.1M
OFFICE BUILDING
Est. value
$11.2M
RETAIL STORES Current
OFFICE BUILDING
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
2001
Heating
YES
Cooling
Yes
Stories
2
Buildings
4
Lot
12.21 ac
Current owner
From public records · entity-resolved
Stevens Mill Retail LLC
Entity
Free & Clear · 8 yrs held
Mailing address
4201 CONGRESS ST STE #170, CHARLOTTE, NC 28209-4707
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2018
—
Stevens Mill Retail LLC
Wallace John M III Fami
Grant Deed
—
Jun 4, 2012
—
Morgan Gertrude W Husbands Trust
Morgan Gertrude W Trust
Quit Claim Deed
related
—
Oct 30, 2007
—
Mason Wallace Co LLC
Wallace Independence Props LLC
Quit Claim Deed
—
Oct 3, 2007
$1,525,000
Jm Wallace Land Co LLC
Wallace,j Mason JR
Warranty Deed
—
May 10, 2001
$575,000
First Charter National Ban
Stevens,mill C
Grant Deed
related
—
May 1, 2001
$375,000
Pro Carolina LLC
Stevens,mill C
Grant Deed
—
Jan 26, 2001
$750,000
Mint Hill Cvs INC
Stevens,mill C
Grant Deed
—
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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