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    2800 Roosevelt Blvd Monroe, NC 28110
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    Property profile & analytics

    2800 Roosevelt Blvd, Monroe, NC 28110

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    • Retail properties & Spaces
    • 1,500 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Exxon / Gas Station
    • Rollinghill Express / Grocery & Convenience Store
    • ATM / Atm

    Property Details for 2800 Roosevelt Blvd

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional retail property, located at 2800 West Roosevelt Boulevard in Monroe, North Carolina, presents a fantastic opportunity for businesses seeking high-visibility space. The property boasts a total of 1,500 square feet of commercial space, currently entirely vacant and ready for immediate occupancy. This allows for complete customization to suit a variety of retail concepts. The flexible layout is ideal for multiple tenants or a single large-scale operation. Situated in Union County, the property benefits from excellent street visibility and high traffic counts along West Roosevelt Boulevard. The lot size ranges from 0.95 to 2.12 acres, providing ample space for parking and potential future expansion. The property is classified as Street Retail within the Commercial sector, ensuring strong foot traffic and convenient access for customers. The address is 2800 W Roosevelt Blvd, Monroe, NC 28110. This is a rare opportunity to establish a presence in a thriving retail corridor. The property's size and location make it an attractive investment for both established businesses and new ventures. The entire 1,500 square feet is available, offering a blank canvas for your business vision. Don't miss this chance to secure a prime retail location in a growing market.

    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
    -80.5767
    Latitude
    35.0202

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      Roosevelt Blvd

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      0 Roosevelt Blvd, Monroe, NC 28110
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      1.04 Acres

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      0 Monroe Way & Winston Ave, Monroe, NC 28110
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      3.03 Acres

      Monroe Way & Windmere Dr

      Medical Office Space
      0 Monroe Way & Windmere Dr, Monroe, NC 28110
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    • Value Estimation by Request
      6,856 SF

      2335 Roosevelt Blvd

      Office Spaces
      2335 Roosevelt Blvd, Monroe, NC 28110
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    • Value Estimation by Request
      0.27 Acres

      Utility

      RETAIL STORES (PERSONAL SERVICES)
      Utility, Monroe, NC 28110
      View Details
    • Value Estimation
      $4,150,000
      14,892 SF

      611 Roosevelt Blvd

      RETAIL STORES (PERSONAL SERVICES)
      611 Roosevelt Blvd, Monroe, NC 28110-3434
      View Details

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    Similar Nearby for Lease

    • $10,600 /Mo
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      Retail Space in High-Traffic Area

      10,400 SF retail space in Monroe, NC for lease.
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      3,176 SF

      Restaurant with Drive-Thru Available

      3,176 SF restaurant with drive-thru for sublease.
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      Retail Space on Roosevelt Boulevard

      Available retail space with excellent location and parking.
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    2800 Roosevelt Blvd
    Monroe, NC 28110
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    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
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