1016 Devore Lane, Matthews, NC 28105
Mecklenburg County
Key Facts
Description
Outstanding investment opportunity in the retail hub of Matthews. The tenant, Pike's Nursery, is a national chain with the parent organization 135 years old. The absolute net lease has 11 years remaining on the first term, with multiple additional option periods. The structure was build in 2016. In March, 2027, the rent will increase by 10%, creating a capitalization rate of 6.5%. This property is located within a few minutes of virtually every retailer of note and 4,000 apartment units.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
2016
Zoning
O(CD)
Days on Market
10
MLS® Listing#
4352561
Property Features
Cooling
Flooring
Lot Features
Utilities
Sewer
Financial Details
HOA
None
Assessed Value
$4,344,700
Parcel Number
193-521-10
Affordability Calculator
$992,000
Estimated monthly payment
$26,399/mo
Principal $3,968,000 · Est. interest $5,535,713 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Matthews, NC
- $553,731
- Median Listing Price
- 49
- Median Days on Market
- 2,337
- Median Sq Ft
- $241
- Median Price / Sq Ft
- 207
- Active Listings
- This home’s price is 796% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Matthews, NC.
Location
Points of Interest in Matthews, NC
Showing the Matthews area map.
Nearby Schools
David Butler High School
Secondary · 0.7 mi away
Greyfriars Classical Academy
School · 0.9 mi away
Goddard School
School · 1.1 mi away
Crestdale Middle School
Secondary · 1.1 mi away
Jireh Preparatory Academy
School · 1.2 mi away
Colegio Y Seminario Teologico
School · 1.4 mi away
Levine Middle College High School
Secondary School · 1.5 mi away
Mt. Harmony Weekday Preschool
School · 1.5 mi away
Mint Hill Elementary School
Elementary · 1.6 mi away
Matthews Charter Academy
School · 1.7 mi away
Mint Hill Middle School
Secondary · 1.7 mi away
Matthews Elementary
Elementary · 1.8 mi away
Covenant Day High School
Secondary · 1.9 mi away
Covenant Day School
Secondary · 2.0 mi away
Stallings Elementary School
Elementary · 2.3 mi away
Crown Point Elementary School
Elementary · 2.4 mi away
Queen's Grant High School
Secondary · 2.8 mi away
Elizabeth Lane Elementary School
Elementary · 3.0 mi away
Grace Academy
School · 3.0 mi away
Trinity Preparatory School
Secondary · 3.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 200 & 208 E Matthews Street, Matthews, NC | $3,500,000 | — | — | — |
| 1828 E John Street, Matthews, NC | $4,200,000 | — | — | — |
| 14818 Hooks Road, Matthews, NC | $5,000,000 | 3 | 2 | 1,678 |
| 14818 Hooks Road, Matthews, NC | $5,000,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Matthews
Listing Courtesy: NAI Beverly-Hanks - twp@naibeverly-hanks.com
Last Updated: 2026-03-02
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