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Property profile & analytics
OFF-MARKET
Estimated value
$5,050,000
Strip malls
855 Sam Newell Rd Matthews, NC 28105-7593
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US53-0452806
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Total area
29,325 SF
Lot
2.66 ac (116,087 SF)
Zoning code
I-1(CD)
APN
19324520
UPID
US53-0452806
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
-
Jovanna Orozco Physician
-
RAQUEL DURBAN Physician
-
CoreLife Novant Health Weight Loss Service
-
Diversified Eyecare Associates (Bike/Boat/Book/etc) Store
-
Melissa Bryson, Counselor Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.65M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.05M
Owner & transaction history
Lpa Crews LLC · 14 yrs held
Lpa Crews LLC
since 2011
3 recorded transactions
Zoning & alternative use
I-1(CD) · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Light Industrial District is established to create and protect industrial areas for the provision of light manufacturing and the distribution of products at wholesale. The standards established for this district are designed to promote sound, permanent light industrial development and also to protect nearby residential areas from the undesirable aspects…
Zone name
Light Industrial Conditional
General category
INDUSTRIAL
Zone area
130.80 ac
Source
Realmo
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%
$7,195,000
6.5%
$6,645,000
7%
$6,170,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$8,045,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$5.05M
Range $4.55M – $5.56M · ±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
$172 / 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
$49,452
Tax year 2023
Assessed value
$6,686,300
Assessed 2024
Previous assessed
$7,322,900
-8.7% YoY
Effective rate
0.74%
On assessed value
Assessed land
$2,496,200
Assessed improvement
$4,190,100
Land market value
$2,496,200
Improvement market value
$4,190,100
Total market value
$6,686,300
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
29,325 SF
Lot
2.66 ac (116,087 SF)
Zoning code
I-1(CD)
APN
19324520
UPID
US53-0452806
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-1(CD) · Matthews, NCZoning I-1(CD) · permitted uses
I-1(CD) · Matthews, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Light Industrial District is established to create and protect industrial areas for the provision of light manufacturing and the distribution of products at wholesale. The standards established for this district are designed to promote sound, permanent light industrial development and also to protect nearby residential areas from the undesirable aspects of industrial development.
Zone name
Light Industrial Conditional
General category
INDUSTRIAL
Zone area
130.80 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$8.0M
AUTO REPAIR, GARAGE
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
2003
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.66 ac
Current owner
From public records · entity-resolved
Lpa Crews LLC
Entity
Mailing address
4530 PARK RD STE #300, CHARLOTTE, NC 28209-3790
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2011
$1,625,000
Lpa Crews LLC
Park Road LLC
Grant Deed
—
—
—
Lpa Crews LLC
—
Deed Of Trust
related
$1,600,000 · Newbridge Bk
—
—
Park Road LLC
—
Deed Of Trust
related
$3,200,000 · 40/86 Mortgage Capital INC
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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