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Property profile & analytics
OFF-MARKET
Turn key restaurants
9950 Independence Blvd Matthews, NC 28105
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US53-5815687
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1996
Total area
6,689 SF
Lot
1.26 ac (54,842 SF)
Zoning code
B-1(CD)
APN
19323138
UPID
US53-5815687
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
-
LongHorn Steakhouse Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
12190 Ventura Boulevard Assocs · 12 yrs held
12190 Ventura Boulevard Assocs
since 2013
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$17,947
Tax year 2023
Assessed value
$2,426,600
Assessed 2024
Previous assessed
$2,452,700
-1.1% YoY
Effective rate
0.74%
On assessed value
Assessed land
$1,628,400
Assessed improvement
$798,200
Land market value
$1,628,400
Improvement market value
$798,200
Total market value
$2,426,600
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
1996
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
12
Total area
6,689 SF
Lot
1.26 ac (54,842 SF)
Zoning code
B-1(CD)
APN
19323138
UPID
US53-5815687
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
1996
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
12
Lot
1.26 ac
Current owner
From public records · entity-resolved
12190 Ventura Boulevard Assocs
Individual
Mailing address
12190 VENTURA BLVD ASSOCIATES 23801ST CALAB RD STE 2017TH XX
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2021
—
12190 Ventura Boulevard Associates
—
Deed
related
$825,000 · Bank Of Southern California NA
Dec 23, 2013
$1,650,000
12190 Ventura Boulevard Assocs
Ajmnc Properties LLC
Grant Deed
$825,000 · Ajmnc Properties LLC
May 10, 2012
—
Ajmnc Properties LLC
Ajm Properties Ltd
Grant Deed
—
Sep 16, 2005
$2,409,000
Ajm Properties Ltd
Skyline-fri 12 Matthews
Grant Deed
$1,400,000 · Symetra Life Insurance Co
Sep 4, 2003
$1,500,000
Skyline-fri 12 Matthews LP
Avado Brands INC
Grant Deed
$700,000 · Leech Trust
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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