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Property profile & analytics
FOR LEASE
Retail space
9727 E Independence Blvd Matthews, NC 28105
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-5594857
For Lease
1 / 5
Contact for pricing
9727 E Independence Blvd, Matthews, NC 28105
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Total area
8,785 SF
Lot
1.21 ac (52,664 SF)
Zoning code
B-1(CD)
APN
19330311
UPID
US53-5594857
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
-
Sleep Number Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$956k
Blend (final)
Blend
$1.03M
Owner & transaction history
Aspen Dental Management INC · 1 yrs held
Aspen Dental Management INC
since 2024
7 recorded transactions
Zoning & alternative use
B-1(CD) · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Neighborhood Business District is established to create and protect business centers for the retailing of merchandise such as groceries, prescription medicine, and household items and for the provision of professional services for the convenience of dwellers of nearby residential areas. Standards are so designed that uses within this district may be soun…
Zone name
Neighborhood Business Conditional
General category
COMMERCIAL
Zone area
117.65 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±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
$117 / 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
$25,600
Tax year 2023
Assessed value
$3,461,300
Assessed 2024
Previous assessed
$3,510,000
-1.4% YoY
Effective rate
0.74%
On assessed value
Assessed land
$2,095,800
Assessed improvement
$1,365,500
Land market value
$2,095,800
Improvement market value
$1,365,500
Total market value
$3,461,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2012
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
8,785 SF
Lot
1.21 ac (52,664 SF)
Zoning code
B-1(CD)
APN
19330311
UPID
US53-5594857
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-1(CD) · Matthews, NCZoning B-1(CD) · permitted uses
B-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 Neighborhood Business District is established to create and protect business centers for the retailing of merchandise such as groceries, prescription medicine, and household items and for the provision of professional services for the convenience of dwellers of nearby residential areas. Standards are so designed that uses within this district may be soundly and permanently developed and maintained in such a way as not to be harmful to adjacent residential properties.
Zone name
Neighborhood Business Conditional
General category
COMMERCIAL
Zone area
117.65 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2012
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Aspen Dental Management INC
Entity
Mailing address
107 TRINITY CT, LYNCHBURG, VA 24502-5264
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2024
—
Aspen Dental Management INC
Ecp LLC
Deed
—
Jan 11, 2019
$3,380,000
Ecp LLC
Carroll Family Investments Ltd
Special Warranty Deed
—
Jan 11, 2019
—
Ecp LLC
Carroll Family Investments Ltd
Grant Deed
—
Apr 17, 2013
—
Carroll Family Investments Ltd
—
Trustees Deed
related
$22,000,000 · J P Morgan Chase Bank
Feb 6, 2013
—
Carroll Family Investments Ltd
—
Grant Deed
related
$22,000,000 · J P Morgan Chase Bank
Dec 5, 2011
$1,235,000
Carroll Family Investments Ltd
Charlotte Metro Cu
Grant Deed
—
Mar 19, 2010
—
Thomas & Wright LLC
Elliots Restaurants INC
Grant Deed
$1,180,000 · Charlotte Metro Cu
Feb 27, 2009
—
Elliots Restaurants INC
—
Trustees Deed
related
$156,000 · Charlotte Metro Cu
Nov 7, 2008
$995,000
Elliots Restaurants INC
Atl Holdings LLC
Warranty Deed
$995,000 · Charlotte Metro Cu
Nov 2, 2004
$1,268,000
Atl Holdings LLC
Sellers,timothy G
Trustees Deed
related
—
Sep 6, 1996
—
George Athans
—
Deed Of Trust
related
$550,000 · Central Carolina Bank & Trust
May 10, 1991
$350,000
George Athans
Unknown
Grant Deed
—
—
—
Carroll Family Investments Ltd
—
Deed Of Trust
related
$1,900,000 · Jp Morgan Chase Bank NA
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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