Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2208 Roosevelt Blvd Monroe, NC 28110
    Back to Search
    Property profile & analytics

    2208 Roosevelt Blvd, Monroe, NC 28110

    View on Map
    • Office Spaces
    • 6,033 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Carrie Hill, LPC / Counselor / Doctor
    • McLeod Centers For Wellbeing / Medical Clinic
    • Kristi Morgan / Registered General Nurse
    • Shanna Daros / Registered General Nurse
    • Gina Demaio / Registered General Nurse

    Property Details for 2208 Roosevelt Blvd

    Year built
    1980
    Property type
    Office Spaces
    Property subtype
    Land

    Description

    This exceptional 6,033 square foot single-tenant office building, located at 2208 West Roosevelt Boulevard in Monroe, North Carolina, presents a unique opportunity for businesses seeking a prominent presence in Union County. Constructed in 1980, this Class B property offers ample space for a variety of commercial uses. The entire 6,033 square feet is currently vacant, providing immediate occupancy for a new tenant. The building's location offers unparalleled convenience, with easy access to major transportation routes, ensuring seamless commutes for employees and clients. The property benefits from its proximity to a vibrant downtown area, boasting diverse dining, shopping, and entertainment options. Furthermore, the surrounding area features highly-rated schools and nearby attractions such as the Monroe Crossing Mall and Monroe Plaza, enhancing the appeal for both employees and clients. This prime location combines the convenience of a thriving urban center with the charm of a welcoming community, making it an ideal setting for any business seeking a strategic and attractive office space. The property is situated in a desirable area of Monroe, NC, zip code 28110.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.5604
    Latitude
    35.0085

    Comparable in this City

    • Value Estimation by Request
      3.03 Acres

      Monroe Way & Windmere Dr

      Medical Office Space
      0 Monroe Way & Windmere Dr, Monroe, NC 28110
      View Details
    • Value Estimation by Request
      1.04 Acres

      Monroe Way & Winston Ave

      Multifamily properties
      0 Monroe Way & Winston Ave, Monroe, NC 28110
      View Details
    • Value Estimation by Request
      6,856 SF

      2335 Roosevelt Blvd

      Office Spaces
      2335 Roosevelt Blvd, Monroe, NC 28110
      View Details
    • Value Estimation by Request

      1506 Morgan Mill Rd

      Land
      1506 Morgan Mill Rd, Monroe, NC 28110
      View Details
    • Value Estimation by Request
      2.58 Acres

      6002 Secrest Shortcut Rd

      Land
      6002 Secrest Shortcut Rd, Monroe, NC 28110
      View Details
    • Value Estimation by Request
      1.24 Acres

      5912 Secrest Shortcut Rd

      Land
      5912 Secrest Shortcut Rd, Monroe, NC 28110
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available in Monroe, NC

      Land for sale at 250 N MLK Jr Blvd, Monroe.
      250 N Mlk Jr Blvd, Monroe, NC 28110
      View Details
    • Contact for pricing
      52 SF

      52 Acres Mixed-Use Development Site

      52-acre mixed-use development site in Monroe Bypass corridor.
      311 Maple Hill Rd, Monroe, NC 28110
      View Details
    • $65,000
      3.25 Acres

      Monroe Land with Development Potential

      3.25-acre tract in Union County with upside potential.
      Lonnie D Aldridge Rd, Monroe, NC 28110
      View Details
    • Contact for pricing

      31 Acres Near Weddington Road

      31 +/- acres of land ready for development.
      00 S Rocky River Rd, Monroe, NC 28110
      View Details
    • Contact for pricing

      5.22 Acres with Church Building

      5.22 acres including a church and single-family home.
      2691 W Roosevelt Blvd, Monroe, NC 28110
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      5914-6114 Secrest Shortcut Rd, Monroe, NC 28110
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      873 SF

      New Office Space Available

      Newly constructed office space for rent in Monroe, NC.
      1620-1622 Skyway Dr, Monroe, NC 28110
      View Details
    • Contact for pricing

      Office/Retail Space with Reception

      Flexible office and retail layout with reception area, multiple private offices, and kitchenette for client-facing professional use.
      106-3816 Sardis Church Rd, Monroe, NC 28110
      View Details
    • Contact for pricing
      1,290 SF

      Prime Retail/Office Space Available

      1,290 SF end-cap suite near Monroe Crossing Mall.
      2160 Commerce Dr, Monroe, NC 28110
      View Details
    • Contact for pricing
      1,080 SF

      Retail or Office Space Available

      Retail or office space near Skyway Drive and US 74.
      100 W Myers St, Monroe, NC 28110
      View Details
    • Contact for pricing
      4,179 SF

      Prime Retail Location For Rent

      Excellent exposure and strong traffic counts in a dense retail corridor.
      2592 West Roosevelt Blvd, Monroe, NC 28110
      View Details
    • Contact for pricing

      Prime Retail Land for Lease

      Retail land available for ground lease in thriving area.
      West Roosevelt Blvd, Monroe, NC 28110
      View Details
    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.
    2208 Roosevelt Blvd
    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
    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

    Thank You for Inquiry
    2208 Roosevelt Blvd, Monroe, NC, 28110
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!