Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Historical District Lot in Monroe Title is generated by Realmo AI

    207 Maurice Street, Monroe, NC 28112

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $107,900

    Land in Monroe's Historical District, close to downtown amenities.

    Added:
    Apr 22, 2025
    Days on Market:
    386
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 207 Maurice Street

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    DEBRA PRICE

    Listing agent DEBRA PRICE

    Listing office DEBRA LYNN PRICE

    Listing date Apr 22, 2025

    Source Corcoran

    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 DEBRA LYNN PRICE

    HighLights

    • Located in the desirable Historical District of Monroe, offering charm and character.
    • Easy access to downtown Monroe's restaurants, shopping, banking, and entertainment.
    • Large lot with mature trees and open spaces suitable for building.
    • Water and sewer available (subject to tap fees).
    • Opportunity to contribute to the growth and charm of downtown Monroe with a new home.
    • City planner contact information provided for building inquiries.

    Overview

    This lot is situated in the Historical District of Monroe, offering large trees and open spaces suitable for construction. It is located within walking distance of downtown Monroe, which features restaurants, shopping, banking, and entertainment options. Water and sewer services are available, contingent upon the payment of tap fees. All building plans are subject to approval by the City of Monroe and the Historic District Board.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.5435
    Latitude
    34.9798

    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
    • $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
    • $575,000

      Residential Land in Monroe, NC

      7.957 acres of land suitable for residential development.
      Clarence Secrest 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
    • $839,900

      Monroe Land with Shop Buildings

      7.18 acres in Union County with shop buildings.
      1923 Mcrorie Road, Monroe, NC 28112
      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

    FAQs

    What type of property is this?
    Land - Land in Monroe's Historical District, close to downtown amenities.
    Where is this land located?
    The property is located at 207 Maurice Street Monroe, NC.
    What is the asking price?
    The asking price for this property is $107,900.
    What are key features of this property?
    This property features: Located in the desirable Historical District of Monroe, offering charm and character.; Easy access to downtown Monroe's restaurants, shopping, banking, and entertainment.; Large lot with mature trees and open spaces suitable for building.
    We can help!
    Listing Contact
    DEBRA PRICE
    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
    207 Maurice Street, Monroe, NC 28112
    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!