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Property profile & analytics
OFF-MARKET Estimated value $1,950,000
Retail space

9201 Independence Blvd Matthews, NC 28105-5099

5,592 SF 1.19 ac lot Built 1994
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US53-1331995
Property summary
AI-generated overview

This exceptional retail property, located at 9201 E Independence Blvd in Matthews, North Carolina, presents a compelling owner-user or investment opportunity. The 6,400 square foot building sits on a 1.2-acre lot and is ideally suited for a variety of uses, including a bank, quick-service restaurant (QSR), or other service-oriented businesses. Its prime location within the heart of Matthews' retail corridor ensures high visibility and accessibility. The property boasts a highly desirable open floor plan, offering flexibility for tenant build-out. With an asking price of $2,250,000, this translates to a price per square foot of $351.56. The property benefits significantly from its position on E Independence Boulevard, a major thoroughfare experiencing a high volume of daily traffic, estimated at 51,000 vehicles per day. This ensures substantial exposure for any business operating from this location. The property's zoning and permitted uses should be verified independently. This is a rare opportunity to acquire a well-situated retail building in a thriving North Carolina market. The property is located in Mecklenburg County, zip code 28105.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1994
Total area 5,592 SF
Lot 1.19 ac (51,836 SF)
Zoning code B-H(CD)
APN 19319115
UPID US53-1331995
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.95M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.95M
Owner & transaction history
Hatley Construction INC · 1 yrs held
Hatley Construction INC
since 2024
Last sale
$2.0M
3 recorded transactions
2024
$2.0M
2016
$900,000
1993
$395,000
Zoning & alternative use
B-H(CD) · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The Highway Business District is established to create and protect business areas for the retailing of merchandise, which may include establishments generating high volume or frequent customer traffic, and for carrying on professional and business services, often serving a large population. This type of district will be located generally adjacent to major th…

Zone name Highway Business Conditional
General category COMMERCIAL
Zone area 113.14 ac
Source Realmo
Top alternative use upside
Medical building $2.0M +13.9%
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