Convenience Store
For Sale
$450,000
1000 N Charlotte Avenue, Monroe, NC 28110
The building has road frontage along N Charlotte Avenue in Monroe.
Property Size1,970 SF
Price / SF$323.51
Days on Market9
Property Features for 1000 N Charlotte Avenue
General Information
Standard status
Active
Size
1,970 SF
Property subtype
Business
Amenities
Dimensions: .245
Public Sewer
Additional parcels description:, Parcel Number: 09-229-033, Assessed Value: $83,300
Central Air
Central, Electric
Listing ID: CAR4436954, Standard Status: Active, MLS Status: Active, Property Subtype: Business, Special Conditions: None
Built in 1970, Living area: 1391, 1 building, Construction Materials: Brick Partial, Concrete, Wood
County/Parish: Union
Electricity Connected, Water Source: City
Slab
Frontage Type: City Street, Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Security System, Smoke Detector(s)
Building Details
Building Size
1,970 SF
Year Built
1970
Listing Agency:
One Vision Realty Group Inc
(704) 766-0377
Listed By:
Richard Cotton
(704) 400-5825
Source:
Blackstreaminternational
Added: Oct 22
Changed: Oct 29
Last Checked: Oct 28 at 7:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of One Vision Realty Group Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,391-square-foot convenience store building was constructed in 1970. It sits at 1000 N Charlotte Avenue in Monroe, North Carolina, with frontage along the road.
Key Highlights
- 1,391‑square‑foot building
- Constructed in 1970
- Road frontage at 1000 N Charlotte Avenue, Monroe, NC 28110
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,484
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,680
$409.7K
Cap Rate 7%
$292,629
$292.6K
Cap Rate 9%
$227,600
$227.6K
Market Conditions
NOI Build-Up for 1,391 SF
Gross rent
$29.2K $21.00/SF
− Vacancy
−$1.9K −$1.37/SF
EGI
$27.3K $19.64/SF
− OpEx
−$6.8K −$4.91/SF
NOI
$20.5K $14.73/SF
Area
Union County, NC
Vacancy
6.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,680
Cap Rate 7%
$292,629
Cap Rate 9%
$227,600
Alternative Uses
Best Use
Specialty Retail
$292.6K
$256.1K – $341.4K
NOI $20,484 @ 7.0% cap · market cap 4.55%
Second Best
Retail
$244.0K
$213.5K – $284.6K
NOI $17,077 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$429.7K
$376.0K – $501.3K
NOI $30,076 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
20k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Electronics 9%
Dining 8%
Home Improvements & Furnishings 7%
Dollar Tree
Shops & Services
9,546 visits/mo
0.4 miles
BP
Shops & Services
5,608 visits/mo
0.0 miles
Metro by T-Mobile
Electronics
1,877 visits/mo
0.5 miles
Domino's Pizza
Dining
1,639 visits/mo
0.2 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,328 visits/mo
0.4 miles
Demographics for 28110, NC
53,316
Population
20,236
Households
2.6
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
127.4 sq mi
ZIP Area
418
Density / Sq Mi
$81,221
Median Household Income
$41,425
Median Earnings
$1,313
Median Rent
$302,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Cool Water Cone — Monroe, NC 28110
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The building has road frontage along N Charlotte Avenue in Monroe.
Where is this grocery and convenience store located?
The property is located at 1000 N Charlotte Avenue Monroe, NC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,391‑square‑foot building; Constructed in 1970; Road frontage at 1000 N Charlotte Avenue, Monroe, NC 28110
