Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Monroe, NC Title is generated by Realmo AI

    Clarence Secrest Road, Monroe, NC 28110

    View on Map
    Claim this Listing
    For Sale
    $575,000

    LAND - Monroe, NC

    Lot size:
    7.96 Acres
    Added:
    Nov 23, 2025
    Days on Market:
    166
    Last Refresh:
    May 8 at 6:06 pm

    Property Features for Clarence Secrest Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    09411002B
    Lot size
    7.96 Acres

    Taxes and HOA fees

    Tax Description
    LOT 3 OPCS836

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Alex Helms

    Listing agent Alex Helms

    Listing office Emerald Pointe Realty 1209 Skyway Drive, Monroe, NC

    Listing date Nov 23, 2025

    MLS# 4324612 Listing URL

    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.

    HighLights

    • 7.957 acres of gently rolling land suitable for residential development or a private estate.
    • Centrally located 10 minutes from downtown Monroe, Waxhaw, and Wesley Chapel, offering convenient access to amenities.
    • Four approved building sites from perc tests: two for 3‑bedroom homes and two for 4‑bedroom homes.
    • Suitable for a custom residence, recreational retreat, future development, or long‑term investment.
    • Approved perc tests save time and expense in development.
    • Tranquil, rural setting in a sought‑after area of Union County.

    Overview

    This 7.957-acre property features gently rolling land suitable for residential development or a private estate. It is located approximately 10 minutes from downtown Monroe, Waxhaw, and Wesley Chapel, offering convenient access to dining, shopping, and community amenities while maintaining a tranquil, rural setting. The property has been perc tested and includes four approved building sites. Two approved sites support the construction of 3-bedroom homes, and two additional sites are approved for 4-bedroom homes, offering flexibility for future building plans. The tract is suited for a custom residence, recreational retreat, future development, or long-term investment. The groundwork is in place to bring your vision to life with completed perc tests and multiple approved homesites. The property is located in Union County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.6316374
    Latitude
    34.9569283

    Nearby Similar for Sale

    • $625,000

      Horse Property in Wesley Chapel

      6.3+ acre horse property near shopping and dining.
      205 Airport Road, Monroe, NC 28110
      View Details
    • $800,000

      Warehouse, Office, and Land Opportunity

      Union County commercial property with warehouse, office, and land.
      5610 Morgan Mill Road, Monroe, NC 28110
      View Details
    • $615,000

      Commercial Land Near Highway 74

      Commercial property with high traffic, redevelopment potential, and flexible zoning.
      3708 Wesley Chapel Stouts Road, Monroe, NC 28110
      View Details
    • $839,900

      Monroe Land with Shop Buildings

      7.18 acres in Union County with shop buildings.
      1923 Mcrorie Road, Monroe, NC 28112
      View Details
    • $400,000

      Monroe Land with Income Potential

      13.35 acres in Union County with commercial zoning.
      7301 Wolf Pond Road, Monroe, NC 28112
      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
    • $275,000

      Residential Land in Monroe, NC

      1.39-acre lot suitable for residential development in Union County.
      Airport Road, Monroe, NC 28110
      View Details
    • $129,000

      Residential Land Near Highway 74

      One-acre lot near Hwy 74 in Monroe, North Carolina.
      4010 Concord Highway, Monroe, NC 28110
      View Details
    • $54,999

      Residential Land in Established Community

      Nearly one-acre homesite in Monroe, NC, ready for building.
      Edwards Farm Lane, Monroe, NC 28110
      View Details
    • $3,400,000

      Monroe Land Mixed-Use Development

      Prime 19.41-acre site for mixed-use development near Monroe Expressway.
      3621 Rocky River Road N, Monroe, NC 28110
      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
    • $149,900

      Wooded Land in Union County

      3.5 acres of wooded land perfect for building a home.
      2734 L J Whitley Road, Monroe, NC 28112
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 7.957 acres of land suitable for residential development.
    Where is this residential land & home lot located?
    The property is located at Clarence Secrest Road Monroe, NC.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: 7.957 acres of gently rolling land suitable for residential development or a private estate.; Centrally located 10 minutes from downtown Monroe, Waxhaw, and Wesley Chapel, offering convenient access to amenities.; **Four approved building sites** from perc tests: two for 3‑bedroom homes and two for 4‑bedroom homes.
    (704) 989-5878
    We can help!
    Listing Contact
    Alex Helms
    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

    Thank You for Inquiry
    Clarence Secrest Road, Monroe, NC 28110
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!