Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5107 Myers Rd Monroe, NC 28110

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land available for commercial rezoning near Monroe Expressway.

    Lot size:
    19.72 Acres

    Property Features for 5107 Myers Rd

    General Information

    Lot size
    19.72 Acres

    We can help!

    Listing Contact
    Jesse Perry
    Jesse Perry
    Source: Moodyscre

    Listing Agency: Walt Perry Realty Listing Agent: Jesse Perry

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Land Parcel Near Monroe Expressway

    This land parcel is located approximately half a mile from the Monroe Expressway toll road. The property is being sold subject to commercial rezoning. Sewer access would require a request from the City of Monroe. The parcel numbers are 07027>005, 005B, and 005F.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Storage Facility Garden Center Car Rental Facility Computer & Electronic Repair Cosmetic Store Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.597249
    Latitude
    35.056043

    Nearby Similar for Sale

    • $800,000
      4,400 SF

      Warehouse, Office & Flex Space

      Union County commercial property with warehouse, office, and flex space.
      5610 Morgan Mill Rd, Monroe, NC 28110
      View Details
    • $615,000
      2.58 Acres

      Monroe Commercial Opportunity Near Downtown

      2.58-acre property with updated historic building near downtown Monroe.
      907 N Charlotte Ave, Monroe, NC 28110
      View Details
    • $699,500
      6.36 Acres

      Equestrian Property in Wesley Chapel

      6.3+ acre horse property with ranch home near shopping.
      205 Airport Rd, Monroe, NC 28110
      View Details
    • $795,000
      30.00 Acres

      Monroe Land with Airplane Hangar

      30+/- acres with airplane hangar near Downtown Monroe, NC.
      30+/- Ac Macedonia Church Rd, Monroe, NC 28112
      View Details
    • $600,000

      Monroe Office/Medical Building For Sale

      Two-story office/medical building in Monroe's medical and professional district.
      315 S Sutherland Ave, Monroe, NC 28112
      View Details
    • $3,500,000
      12,000 SF

      New Construction Flex/Industrial Building

      12,000 SF flex/industrial building with office build-out for sale.
      3405 Wesley Chapel Stouts Rd, Monroe, NC 28110
      View Details
    • $550,000

      Downtown Monroe Retail Opportunity

      Commercial unit for sale in downtown Monroe, North Carolina.
      109 N Hayne St, Monroe, NC 28112
      View Details
    • $3,050,000
      18,000 SF

      Functional Industrial Facility For Sale

      18,000 SF facility ideal for owner-users or investors.
      3213 Westwood Industrial Dr, Monroe, NC 28110
      View Details
    • $440,000

      Private Office Building For Sale

      Well-maintained office building with flexible layout and excellent accessibility.
      2313 Katie Leigh Ln, Monroe, NC 28110
      View Details
    • $3,399,000

      Food Processing & Cold Storage Facility

      87,500 SF USDA-inspected food processing and cold storage facility.
      2701 Simpson St, Monroe, NC 29601
      View Details
    • Contact for pricing
      984 SF

      Monroe Commercial Property with Income

      2.58-acre property with updated building near downtown Monroe, NC.
      907 N Charlotte Ave, Monroe, NC 28110
      View Details
    • Contact for pricing

      Functional Warehouse with Strategic Access

      18,000 SF warehouse with office space and convenient location.
      3213 Westwood Industrial Dr, Monroe, NC 28110
      View Details

    FAQs

    What type of property is this?
    Land - Land available for commercial rezoning near Monroe Expressway.
    Where is this land located?
    The property is located at 5107 Myers Rd Monroe, NC.
    What is the asking price?
    The asking price for this property is $5,423,000.
    What are key features of this property?
    This property features: - Proximity to Monroe Expressway (toll road); - Property being sold subject to commercial rezoning; - Sewer access potentially available from the City of Monroe
    (704) 283-8181 Call to check price and availability
    Request Owner's contact information
    5107 Myers Rd Monroe, NC 28110
    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.
    5107 Myers Rd
    Monroe, NC 28110
    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
    5107 Myers Rd Monroe, NC 28110
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jesse Perry
    Jesse Perry
    Real Estate License ID: 151915
    (704) 283-8181
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!