Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5610 Morgan Mill Road Monroe, NC 28110

    View on Map
    Claim this Listing
    For Sale
    $800,000

    SINGLE_FAMILY - Monroe, NC

    Type:Office
    Property size:
    4,400 SF
    Lot size:
    4.00 Acres
    Added:
    Jan 28, 2026
    Days on Market:
    80
    Last Refresh:
    Apr 18 at 3:06 pm

    Property Features for 5610 Morgan Mill Road

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    B4
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking features
    Garage, Parking Lot
    Fencing
    Fenced
    Standard status
    Active
    APN
    08-102-002-A
    Size
    4,400 SF
    Lot size
    4.00 Acres

    Taxes and HOA fees

    Tax Description
    TRACT 2 & 4 8923-0536

    Building Details

    Year built
    2000
    Flooring type
    Concrete
    Building materials
    Brick Partial, Metal
    Additional Structures
    Workshop

    We can help!

    Listing Contact
    Jackie Bevington

    Listing agent Jackie Bevington License #322203

    Listing office Keller Williams South Park 5925 Carnegie Blvd, Suite 250, Charlotte, NC

    Listing date Jan 28, 2026

    MLS# 4341696

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Warehouse, Office, and Land Opportunity

    This commercial property in Union County, NC, offers a versatile opportunity with three parcels totaling just over four acres. The property includes a warehouse and office space of approximately 4,400 square feet, equipped with bay doors and loading docks. Additionally, there is a separate metal building of approximately 2,400 square feet, along with a 400+ square foot house suitable for office use, featuring shelving and storage. The large lot provides ample parking, equipment storage, and potential for future expansion. The property presents strong investment and rental potential, with previous tenants paying a combined $6,000 per month. It is ideal for owner-users, contractors, or investors seeking flexible industrial space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duramax Diesel Customs Auto Repair Shop Hinson Mechanical Company HVAC Service

    Suggested Use

    Real Estate Agency Building Supply Auto Repair Shop Food Market Garden Center Florist Farmer's Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.477705
    Latitude
    35.074312

    Nearby Similar for Sale

    • $649,500

      Equestrian Property in Wesley Chapel

      6.3+ acre horse property near shopping and dining.
      205 Airport Road, Monroe, NC 28110
      View Details
    • $615,000

      Monroe Commercial Opportunity Near Downtown

      2.58-acre property with updated historic building near downtown Monroe.
      907 N Charlotte Avenue, Monroe, NC 28110
      View Details
    • $2,200,000

      Downtown Investment Opportunity in Monroe

      Unique downtown property ideal for brewery, retail, or entertainment.
      601 N Charlotte Avenue, Monroe, NC 28110
      View Details
    • $795,000

      Monroe Land with Airplane Hangar

      30+/- acres with airplane hangar near Downtown Monroe, NC.
      30+/- ac Macedonia Church Road, Monroe, NC 28112
      View Details
    • $600,000

      Monroe Office/Medical Building For Sale

      Two-story office/medical building in Monroe's medical and professional district.
      315 S Sutherland Ave, Monroe, NC
      View Details
    • $800,000
      4,400 SF

      Union County Commercial Opportunity

      Four-acre commercial property with warehouse, office, and metal building.
      5610 Morgan Mill Rd, Monroe, NC 28110
      View Details
    • $440,000
      1,680 SF

      Well-Maintained Office Building For Sale

      Private office building with flexible layout and excellent accessibility.
      1717 Williams Rd, Monroe, NC
      View Details
    • $3,500,000
      8,000 SF

      Monroe Warehouse Space Available

      8,000 sq ft warehouse space for lease in Monroe.
      2617 Executive Point Dr, Monroe, NC
      View Details
    • $2,043,500
      6,700 SF

      Monroe Flex/Medical/Office Opportunity

      6,700 SF building on 1.6 acres, versatile for professional uses.
      2814 Gray Fox Rd, Monroe, NC 28110
      View Details
    • Contact for pricing
      18,000 SF

      Functional Industrial Facility For Sale

      18,000 SF facility ideal for owner-users or investors.
      3213 Westwood Industrial Dr, Monroe, NC
      View Details
    • $1,300,000
      10,000 SF

      Office/Flex Building Investment Opportunity

      10,000 SF office/flex building with high traffic visibility.
      1617 W Roosevelt Blvd, Monroe, NC 28110
      View Details
    • $615,000
      984 SF

      Monroe Commercial Property with Income

      2.58-acre property with updated building near downtown Monroe, NC.
      907 N Charlotte Avenue, Monroe, NC 28110
      View Details

    FAQs

    What type of property is this?
    Flex space - Union County commercial property with warehouse, office, and land.
    Where is this flex space located?
    The property is located at 5610 Morgan Mill Road Monroe, NC.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Three parcels totaling over four acres in Union County, NC.; **Warehouse/office space of approximately 4,400 sq ft with bay doors/loading docks.**; Separate metal building of approximately 2,400 sq ft.
    (704) 221-8553
    We can help!
    Listing Contact
    Jackie Bevington
    Real Estate License ID: 322203
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!