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

    1414 Ellen St Monroe, NC 28112

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

    Medical office space across from Atrium Health Carolina's Medical Center.

    Property Features for 1414 Ellen St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1995

    We can help!

    Listing Contact
    Pamela Rains
    Source: Corcoran

    Listing Agency: PROSTEAD REALTY Listing Agent: Pamela Rains

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

    Learn more

    Overview

    Medical Office Near Atrium Health

    This property is located across the street from Atrium Health Carolina's Medical Center/Monroe. It is set up as a doctor's office, featuring a large reception area and waiting rooms. The layout includes 6 exam rooms, 3 offices, a kitchen, and 2 storage rooms. Parking is available in both the front and rear of the building for employees. All equipment and furniture are negotiable.
    Location Intelligence

    Current Use by Public Records

    Tsering Chock MD Physician Neurology & Pain management Medical Clinic

    Suggested Use

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

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

    Similar Places Nearby

    Thompson Animal Hospital, Griffin Animal Disease Lab

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.5222817
    Latitude
    34.9724509

    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
    • $1,100,000
      2,092 SF

      Retail Building For Sale

      2,092 SF retail building available for sale.
      2521 W Roosevelt Blvd, 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
    • $3,050,000
      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
    • $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
    • $850,000

      Historic Home Zoned Commercial

      Historic Monroe residence with commercial zoning and architectural grandeur.
      301 Windsor St E, Monroe, NC 28112
      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
    • $550,000

      Downtown Monroe Retail Opportunity

      Commercial unit for sale in downtown Monroe, North Carolina.
      109 N Hayne St, Monroe, NC 28112
      View Details
    • Contact for pricing
      4,179 SF

      Retail Property on 1.252 Acres

      Retail property with high visibility in a dense retail corridor.
      2592 W Roosevelt Blvd, Monroe, NC 28112
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical office space across from Atrium Health Carolina's Medical Center.
    Where is this medical office space located?
    The property is located at 1414 Ellen St Monroe, NC.
    What are key features of this property?
    This property features: - Prime location directly across the street from Atrium Health Carolina's Medical Center/Monroe.; - Ideal setup for medical practice with large reception and waiting areas, **6 exam rooms, and 3 offices.**; - Ample parking in both the front and rear of the property for employees.
    (704) 333-8905
    Request Owner's contact information
    1414 Ellen St Monroe, NC 28112
    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.
    1414 Ellen St
    Monroe, NC 28112
    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
    1414 Ellen St Monroe, NC 28112
    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!
    Listing Contact
    Pamela Rains
    (704) 333-8905
    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!