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Property profile & analytics
OFF-MARKET
Estimated value
$4,270,000
Turn key restaurants
9801 Independence Pointe Pkwy, Matthews, NC 28105-2780
Entity Owned
Free & Clear
Property ID
US53-1082304
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2012
Total area
6,145 SF
Lot
3.29 ac (143,487 SF)
Zoning code
B-1(CD)
APN
19323123
UPID
US53-1082304
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
-
State Farm Mutual Auto Insurance Co Insurance Agency
-
Red Lobster Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.28M
Blend (final)
Blend
$4.27M
Owner & transaction history
S & C USA LLC
S & C USA LLC
since 2026
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
B-1(CD) · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.0M
+9.1%
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
$4,955,000
ML approach
$4,785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,645,000
Current use
COMMERCIAL (GENERAL)
$3,975,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$4.27M
Range $3.84M – $4.70M · ±10% · vs last sale $3.16M (Feb 19 2026)
Last sale anchor
$3.16M
Feb 19 2026
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
$695 / 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
$32,274
Tax year 2023
Assessed value
$4,363,700
Assessed 2024
Previous assessed
$4,462,600
-2.2% YoY
Effective rate
0.74%
On assessed value
Assessed land
$3,403,800
Assessed improvement
$959,900
Land market value
$3,403,800
Improvement market value
$959,900
Total market value
$4,363,700
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2012
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
1
Total area
6,145 SF
Lot
3.29 ac (143,487 SF)
Zoning code
B-1(CD)
APN
19323123
UPID
US53-1082304
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-1(CD) · Matthews, NC
Zoning 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
Matthews. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$4.0M
RESTAURANT Current
COMMERCIAL (GENERAL)
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
2012
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
3.29 ac
Current owner
From public records · entity-resolved
S & C USA LLC
Entity
Free & Clear · 0 yrs held
Mailing address
104 WASHINGTON ST #13, AYER, MA 01432-1165
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2026
$3,159,000
S & C USA LLC
Redwood Nc LLC
Special Warranty Deed
—
Feb 19, 2026
—
S & C USA LLC
Redwood Nc LLC
Warranty Deed
—
Dec 30, 2021
$4,476,500
Redwood Nc LLC
Ls Santa Fe LLC
Special Warranty Deed
—
Feb 12, 2018
$4,200,000
Ss Santa Fe LLC
Ber Real Estate Invs IV LLC
Grant Deed
$1,900,000 · Iberiabank
Jun 30, 2017
$3,274,500
Ber Real Estate Investments IV LLC
Arcp Rl Portfolio IV LLC
Special Warranty Deed
—
Aug 21, 2014
$2,950,000
Arcp Rl Portfolio IV LLC
Gmri INC
Grant Deed
—
Jan 9, 2012
$1,300,000
Gmri INC
Morningstar Office LLC
Grant Deed
—
Jan 9, 2012
—
Gmri INC
Morningstar Office LLC
Grant Deed
—
Oct 30, 2006
—
Morningstar Office LLC
State Farm Mutual Automobile I
Grant Deed
—
Nov 28, 1990
$900,000
State Farm Mutual Auto
Unknown
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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