Warehouse and Office
232 N Bivens Road, Monroe, NC 28110
For Sale
$495,000
Pending
Commercial Sale, Monroe, NC
Property Size5,000 SF
Lot Size1.00 Acre
Days on Market67
Property Features for 232 N Bivens Road
General Information
Property type
Property subtype
Zoning
Zoning description
Standard status
APN
Lot size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Description
Legal Description
Building Details
Year built
Floors in Building
Listing Agency:
Hunter Homes Realty
(704) 983-3363
Listed By:
Brenda Hunter · License NC #171369
(704) 244-9633
Added: Sep 5
Changed: Nov 4
Last Checked: Nov 10 at 5:06PM
MLS# 4413307
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Monroe property includes a 5,000-square-foot, single-story warehouse and office building, constructed in 1990. The sale includes the building, fixtures, and approximately 1 acre of land. The property is zoned GI and is currently subject to a lease.
Access is from a paved, publicly maintained road within the City of Monroe. A First Right of Refusal is in place.
Access is from a paved, publicly maintained road within the City of Monroe. A First Right of Refusal is in place.
Key Highlights
- 5,000‑square‑foot warehouse and office building on approximately 1 acre
- GI zoning
- Single‑story building constructed in 1990
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,414
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$728,280
$728.3K
Cap Rate 7%
$520,200
$520.2K
Cap Rate 9%
$404,600
$404.6K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$45.0K $9.00/SF
− Vacancy
−$2.2K −$0.43/SF
EGI
$42.8K $8.57/SF
− OpEx
−$6.4K −$1.29/SF
NOI
$36.4K $7.28/SF
Area
Union County, NC
Vacancy
4.80%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$728,280
Cap Rate 7%
$520,200
Cap Rate 9%
$404,600
Alternative Uses
Best Use
Warehouse
$520.2K
$455.2K – $606.9K
NOI $36,414 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $108,108 @ 7.0% cap · market cap 21.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28110, NC
53,316
Population
20,236
Households
2.6
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
127.4 sq mi
ZIP Area
418
Density / Sq Mi
$81,221
Median Household Income
$41,425
Median Earnings
$1,313
Median Rent
$302,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Warehouses in Monroe
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Camp Sutton RV and Boat Storage — 2501 Simpson St SY, Monroe, NC 28112
- Adm — 9000 Stitt St, Monroe, NC 28110
Frequently Asked Questions
What type of property is this?
Warehouse - Single-story industrial space is leased and served by a paved, publicly maintained road.
Where is this warehouse located?
The property is located at 232 N Bivens Road Monroe, NC.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 5,000‑square‑foot warehouse and office building on approximately 1 acre; GI zoning; Single‑story building constructed in 1990
