Financial
Distress signals
Property profile

510 Morgan Ml Rd Monroe, NC 28110

OFF-MARKET
Commercial real estate
Property ID
US53-1795047
9,000 SF 2.24 ac lot Built 1980
Last sale Dec 2025 · $1,180,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This exceptional 9,507 square foot retail property, located at 510 Morgan Mill Road in Monroe, North Carolina, presents a lucrative investment opportunity. The property, built in 1980 and extensively renovated in 2022, boasts a single-story building situated on a 2.24-acre lot, completely fenced for enhanced security and ample storage. Currently operating as a thriving, owner-occupied auto sales and auto body shop, the property features two units: a 1,972.2 square foot office building with a

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$676k
Assessed land$504k
Assessed improvement$172k
Effective rate1.09%

Value estimate

· Sep 2026
$520k
$468k – $572k
Submarket $/SF estimate$1.13M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$232/SF
ZIP average, outlier-cleaned · 39 recorded sales of this use type
Observed band · Q1–Q3$78 – $381

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
GB MONROE
JurisdictionUNION

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility9.5
Tailor Shop9.5
Electrical Service9.3

Location

510 Morgan Ml Rd Monroe, NC 28110-3568
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6601 Old Charlotte, Monroe, NC 28110 $4,652,000 May 2025 10,815 SF
431 Morgan Ml, Monroe, NC 28110-3566 $400,000 Aug 2024 8,000 SF
Wilkes, Monroe, NC 28110 $710,500 Feb 2023 7,600 SF
1250 Roosevelt, Monroe, NC 28110-2820 $3,500,000 Dec 2022 6,754 SF
3816 Sardis Church, Monroe, NC 28110-8152 $1,500,000 Mar 2022 9,333 SF
2560 Roosevelt, Monroe, NC 28110-8672 $750,000 Jul 2021 8,910 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 510 Morgan Ml Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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