Two-Story Office
106 E Jefferson St, Monroe, NC 28112
For Sale
Contact for pricing
Reception, a private office, and upper-level open space shape the property's work layout.
Property Size632 SF
Price / SF$395.57
Days on Market21
Property Features for 106 E Jefferson St
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Building Details
Buildings
Stories
Building Size
Construction
Listing Agency:
Foster Commercial Properties
Listed By:
Matt Foster · License NC #101109
(864) 239-8585
Source:
Crexi
Added: Oct 20
Changed: Nov 8
Last Checked: Nov 8 at 3:43PM
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 Foster Commercial Properties
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Investment Insights
Based on property information with market context.
This two-story office property contains approximately 632 square feet, with a reception area and a private office on the main level. The upper floor provides open space that can serve as a conference area or additional workspace. Brick exterior detailing, hardwood flooring, and natural light are among its physical features.
The building is in downtown Monroe, near the Union County Judicial Center.
The building is in downtown Monroe, near the Union County Judicial Center.
Key Highlights
- Approximately 632 square feet across two stories
- Main‑level reception area and private office
- Open upper‑floor area for conference or workspace use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,862
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,240
$197.2K
Cap Rate 7%
$140,886
$140.9K
Cap Rate 9%
$109,578
$109.6K
Market Conditions
NOI Build-Up for 632 SF
Gross rent
$16.5K $26.04/SF
− Vacancy
−$3.3K −$5.23/SF
EGI
$13.1K $20.81/SF
− OpEx
−$3.3K −$5.20/SF
NOI
$9.9K $15.60/SF
Area
Union County, NC
Vacancy
20.10%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,240
Cap Rate 7%
$140,886
Cap Rate 9%
$109,578
Alternative Uses
Best Use
Office B
$140.9K
$123.3K – $164.4K
NOI $9,862 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$195.2K
$170.8K – $227.8K
NOI $13,665 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Reception, a private office, and upper-level open space shape the property's work layout.
Where is this office building located?
The property is located at 106 E Jefferson St Monroe, NC.
What is the asking price?
The asking price for this property is $249,999.
What are key features of this property?
This property features: Approximately 632 square feet across two stories; Main‑level reception area and private office; Open upper‑floor area for conference or workspace use
