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

    9456 Monroe Rd Charlotte, NC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space with high visibility and multiple access points.

    Type:RETAIL
    Property size:
    3,151 SF
    Lot size:
    0.78 Acres
    Added:
    Jun 14, 2024
    Days on Market:
    686
    Last Refresh:
    Apr 5 at 11:19 pm

    Property Features for 9456 Monroe Rd

    General Information

    Standard status
    Active
    Size
    3,151 SF
    Lot size
    0.78 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 9456 Monroe Rd Contact us

    We can help!

    Listing Contact
    Sarah Hallam

    Listing agent Sarah Hallam

    Listing office Atlantic Retail | Charlotte

    Listing date Jun 14, 2024

    Source Moodyscre

    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 Atlantic Retail | Charlotte

    Overview

    Retail Space on Monroe Road

    This retail space offers strong visibility on Monroe Road, a main corridor leading into and out of Charlotte, North Carolina. The property features two access points along Monroe Road, which experiences a traffic volume of 26,500 vehicles per day. It is situated adjacent to a Lidl grocer in an affluent market with limited availability. The surrounding area includes national tenants such as Lidl, Harris Teeter, Wendy's, Wells Fargo, Autobell, McDonald's, Walgreens, and Food Lion. The property encompasses a total area of 3,151 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Arby's Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7413
    Latitude
    35.1428

    Nearby Similar for Lease

    • $6,000/Mo

      Commercial Space Zoned I-2

      6400 SF commercial space ideal for automotive repairs.
      2839 Sparta Avenue, Charlotte, NC 28208
      View Details
    • $2,000/Mo

      Retail/Office Space in Ayrsley

      Bright retail/office space in Charlotte's Meeting Street Market.
      2108 Ayrsley Town Boulevard, Charlotte, NC 28273
      View Details
    • $1,550/Mo

      Versatile Commercial Space in Charlotte

      High-visibility commercial space suitable for retail, office, or medical use.
      4625 Nations Crossing Road, Charlotte, NC 28217
      View Details
    • $1,300/Mo

      Remodeled Office Suite in Charlotte

      Newly remodeled office suite in South Charlotte near I-485.
      10801 Johnston Road, Charlotte, NC 28226
      View Details
    • $1,550/Mo

      Prime Commercial Space Available

      Well-located commercial space ideal for retail, office, or medical use.
      4631 Nations Crossing Road, Charlotte, NC 28217
      View Details
    • $3,000/Mo

      Updated Industrial Flex Condo

      Industrial flex condo with office and warehouse space for rent.
      6128 Brookshire Boulevard, Charlotte, NC 28216
      View Details
    • $2,500/Mo

      Warehouse with Offices For Rent

      Warehouse with two offices and roll-up door available for rent.
      6120 Brookshire Boulevard, Charlotte, NC 28216
      View Details
    • $3,600/Mo

      Tryon Plaza Office Space

      Office space available in Tryon Plaza, Charlotte.
      112 S Tryon Street, Charlotte, NC 28202
      View Details
    • $4,026/Mo

      Professional Office Space in Charlotte

      Ground floor offices with high visibility and ample parking.
      3703 Latrobe Drive, Charlotte, NC 28211
      View Details
    • $1,995/Mo

      Office Space in Charlotte, NC

      Commercial office space available for rent in Charlotte, North Carolina.
      3705 Latrobe Drive, Charlotte, NC 28211
      View Details
    • $2,975/Mo

      Renovated Turnkey Office Space

      Turnkey office space in central Wesley Heights/Freemore West location.
      1930 Freedom Drive, Charlotte, NC 28208
      View Details
    • $43,065 SF/Yr

      Former Famous Mart Retail Space

      Landmark retail space available on North Tryon Street.
      6600 N Tryon Street, Charlotte, NC 28213
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility and multiple access points.
    Where is this retail space located?
    The property is located at 9456 Monroe Rd Charlotte, NC.
    What are key features of this property?
    This property features: Strong visibility on Monroe Rd, a main corridor.; Two access points on high‑traffic Monroe Rd (26,500 VPD).; Located in an affluent market with limited availability.
    (704) 697-1900 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sarah Hallam
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!