Individually Owned 
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Property summary
This exceptional value-add opportunity presents a 20,000-square-foot shopping center in Monroe, NC, situated on a 2.4-acre lot (APN: 09186014). The single-story, Class C property boasts 9 tenants with 92% occupancy, generating a substantial Net Operating Income (NOI) of $253,730 and a 6.77% cap rate. Priced at $3,750,000 ($187.50/sq ft), this fee-simple investment features a triple-net (NNN) lease structure with multi-tenancy. The property, built in 2002, benefits from recent renovations… including a new roof and gutters (2023), HVAC unit replacements, and fresh paint (2024). The parking lot was restriped in June 2024. A shared monument sign is also available. Located on busy Highway 74, the center enjoys high visibility and traffic flow, enhanced by nearby shadow tenants. Shorter lease terms allow for rental adjustments, presenting significant value-add potential. Annual gross scheduled rent beginning December 1, 2024, is projected at $280,704. The property is zoned GB. This well-maintained asset offers immediate cash flow and future growth potential through rent increases and further improvements. One 1,600 sq ft unit is currently vacant.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax · 2023
Value estimate
· Nov 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 · 13 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 20,000 SF
- Lot area
- 2.4 ac
- Year built
- 1986
- Stories
- 1
- APN
- 09-186-014
- Zoning
- GB MONROE
- Assessed value · 2023
- $808,000
- Annual tax · 2023
- $8,811
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2023
- $8,811
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
Rey answers here. ChatGPT, Grok and Claude get the same data packet.
Includes: Price & PSF · Cap rate · Location · Zoning
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- Zoning Insight
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- Lead Lists by Intent
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- Liens & Mortgages
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- Local Market trends
- Zoning Insight
- Location Analytics
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Still being built. It lands here next, beside the two above.
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