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    Property profile & analytics

    1016 Monroe St Carthage, NC 28327

    • Outlet malls
    • 0.50 lot acres
    For Sale
    View listing
    $799,000
    Value Estimation
    Location Intelligence
    Property ID
    US53-5192265
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Outlet malls

    Property Details for 1016 Monroe St

    Year built
    2006
    Lot size
    0.50 lot acres
    Zone code
    TBD
    Property type
    Outlet malls
    APN
    990633
    APU
    990633

    Description

    This exceptional commercial property, located at 1016 Monroe Street in Carthage, North Carolina, presents a compelling investment opportunity. The building encompasses a substantial 3,000 square feet of space, offering ample room for a variety of commercial uses. The property sits on a half-acre lot (0.5 acres), providing generous outdoor space, potentially suitable for parking, expansion, or landscaping. The building's interior layout is adaptable and can be configured to meet the specific needs of a diverse range of businesses. Its strategic location in Carthage offers excellent visibility and accessibility, making it an attractive proposition for entrepreneurs and established businesses alike. The asking price of $799,000 reflects the property's significant potential and strong location within the Carthage commercial market. This is a rare opportunity to acquire a substantial commercial property in a desirable location, offering both immediate usability and long-term growth potential. Serious inquiries are encouraged to explore the possibilities this property presents. Further details regarding the building's specifications and zoning are available upon request. Don't miss this chance to secure a valuable asset in the thriving Carthage business community.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $310,000

    • CAP approach

      CAP return
      Estimation
      6%
      $340,000
      6.5%
      $360,000
      7%
      $350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $335,000
      Geo Method
      $350,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $435,000
      Retail
      $380,000
      Mixed-Use
      $315,000
      Hospitality
      $405,000
      Educational
      $400,000
      Residential Income
      $325,000
      Energy
      $315,000
      Income-Based Land
      $325,000
      Food Service
      $395,000

    Location Insight

    • Map
    • Local Demand
    City
    Carthage
    County
    Moore
    State
    North Carolina
    Longitude
    -79.4014
    Latitude
    35.3407
    CBSA code
    38240
    CBSA name
    PINEHURST-SOUTHERN PINES, NC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $6,156
    $358,900
    $363,200
    $722,100
    -
    $358,900
    $363,200
    $722,100

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    • Value Estimation by Request
      8.00 Acres

      1036 Monroe St

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      0.03 Acres

      204 Monroe St

      RETAIL STORES (PERSONAL SERVICES) • 0.03 Acres
      204 Monroe St, Carthage, NC 28327
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    • Value Estimation by Request
      10,196 SF

      1006 Monroe St

      Restaurants • 10,196 SF
      1006 Monroe St, Carthage, NC 28327
      View Details

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    1016 Monroe St
    Carthage, NC 28327
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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
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