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    4120 Mcmanus Rd Monroe, NC 28112

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    For Sale
    $3,344,000

    Land suitable for development with completed studies and timber contract.

    Property Features for 4120 Mcmanus Rd

    General Information

    Standard status
    Active

    Source: COLLINS REALTORS Agent JOE COLLINS

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

    Overview

    Subdivision Land with Studies Included

    This property is located in Monroe, NC, and is suitable for a subdivision development. Previous studies, including a survey, soil scientist study, Phase One assessment, traffic impact study, and lot design for 90 lots, are available. A timber contract from June 2022 is also in place for over $208,000. The property is suitable for a builder or developer, with many expensive studies already completed. Note that a hunting club is currently active on the property; arrangements must be made prior to visiting the site, and driving on the planted fields is prohibited.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.597254
    Latitude
    34.8963487

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    FAQs

    What type of property is this?
    Land - Land suitable for development with completed studies and timber contract.
    Where is this land located?
    The property is located at 4120 Mcmanus Rd Monroe, NC.
    What is the asking price?
    The asking price for this property is $3,344,000.
    What are key features of this property?
    This property features: - Approved for subdivision development with lot design for 90 lots already completed.; - Extensive studies completed and available: Survey, Soil Scientist Study, Phase One, Traffic Impact Study.; - Timber contract from June 2022 valued at over $208,000.
    Request Owner's contact information
    4120 Mcmanus Rd Monroe, NC 28112
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    Monroe, NC 28112
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    Realmo Value Estimation

    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.

    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.

    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
    4120 Mcmanus Rd Monroe, NC 28112
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