Corner Retail
New
For Sale
Contact for pricing
103 Mccauley Street, Monroe, NC 28112
DC-MX zoning and an open interior provide a flexible setting for commercial occupancy.
Property Size2,003 SF
Price / SF$1.38
Days on Market2
Property Features for 103 Mccauley Street
General Information
Standard status
Active
Size
2,003 SF
Property subtype
Retail
Zoning
DC-MX
Additional Details
Corner Location
Yes
Amenities
open floor plan
front windows
glass entry
loading dock
Additional parcels description:, Parcel Number: 09-231-047, Assessed Value: $491,400
Listing ID: CAR4427304, Standard Status: Coming Soon, MLS Status: Coming Soon-No Show, Property Subtype: Retail
Other Parking: Parking lot on site, Parking Lot, Parking Space(s)
Built in 2003, Living area: 2000
County/Parish: Union
1 total bathroom
All Utilities
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
2,003 SF
Year Built
2003
Listing Agency:
Votta Realty
(704) 909-9630
Listed By:
Debra Votta · License #292387SC100156
(704) 887-6600
Source:
Blackstreaminternational
Added: Oct 16
Last Checked: Oct 16 at 2:18PM
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 Votta Realty
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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 retail space at 103 McCauley Street contains 2,000 square feet and was built in 2003. The interior has an open floor plan, front windows, a glass entry, and one loading dock for deliveries. Its zoning designation is Downtown Central Mixed Use (DC-MX); permitted uses and any required approvals or improvements should be confirmed with the City of Monroe.
The property occupies the corner of McCauley Street and E. Franklin Street near Downtown Monroe.
The property occupies the corner of McCauley Street and E. Franklin Street near Downtown Monroe.
Key Highlights
- 2,000+/- square feet of commercial space
- Zoned Downtown Central Mixed Use (DC‑MX)
- Corner location at McCauley Street and E. Franklin Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,553
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,060
$491.1K
Cap Rate 7%
$350,757
$350.8K
Cap Rate 9%
$272,811
$272.8K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$37.9K $18.96/SF
− Vacancy
−$2.8K −$1.42/SF
EGI
$35.1K $17.54/SF
− OpEx
−$10.5K −$5.26/SF
NOI
$24.6K $12.28/SF
Area
Union County, NC
Vacancy
7.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,060
Cap Rate 7%
$350,757
Cap Rate 9%
$272,811
Alternative Uses
Best Use
Retail
$350.8K
$306.9K – $409.2K
NOI $24,553 @ 7.0% cap · market cap 892.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$617.8K
$540.5K – $720.7K
NOI $43,243 @ 7.0% cap · market cap 1,572.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Truist
Shops & Services
4,518 visits/mo
0.3 miles
Mavis Discount Tire
Shops & Services
800 visits/mo
0.1 miles
Demographics for 28112, NC
27,126
Population
11,021
Households
2.5
Avg Household Size
40
Median Age
21%
College-Educated
85%
High-School Grad
132.1 sq mi
ZIP Area
205
Density / Sq Mi
$74,853
Median Household Income
$42,046
Median Earnings
$1,124
Median Rent
$272,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - DC-MX zoning and an open interior provide a flexible setting for commercial occupancy.
Where is this retail space located?
The property is located at 103 Mccauley Street Monroe, NC.
What are key features of this property?
This property features: 2,000+/- square feet of commercial space; Zoned Downtown Central Mixed Use (DC‑MX); Corner location at McCauley Street and E. Franklin Street
