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Property profile & analytics
OFF-MARKET
High-rise multifamily apartments
1010 Cir Dr Monroe, NC 28112-5892
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0093446
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1970
Construction
WOOD
Total area
4,800 SF
Lot
1.67 ac (72,876 SF)
Zoning code
R-MF MONROE
APN
09-194-034
UPID
US53-0093446
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sunset Apartments Tic 1 LLC · 4 yrs held
Sunset Apartments Tic 1 LLC
since 2022
Last sale
$9.0M
7 recorded transactions
Zoning & alternative use
R-MF MONROE · Monroe, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Monroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,141
Tax year 2023
Assessed value
$746,500
Assessed 2023
Previous assessed
$746,500
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$117,100
Assessed improvement
$629,400
Land market value
$117,100
Improvement market value
$629,400
Total market value
$746,500
Applied tax rate
200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
2
Bathrooms
1
Total area
4,800 SF
Lot
1.67 ac (72,876 SF)
Zoning code
R-MF MONROE
APN
09-194-034
UPID
US53-0093446
Jurisdiction
UNION
Zoning & alternative use
R-MF MONROE · Monroe, NC
Zoning R-MF MONROE · permitted uses
R-MF MONROE · Monroe, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monroe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Bathrooms
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
Sunset Apartments Tic 1 LLC
Entity
Mailing address
421 MCDONALD AVE, CHARLOTTE, NC 28203-5319
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2022
$9,000,000
Sunset Apartments Tic 1 LLC
Sunset Apts LLC
Special Warranty Deed
$7,239,410 · The Bancorp Bank
Nov 8, 2019
—
Sunset Apts LLC
Walters Invs Hldgs LLC
Trustees Deed
related
$3,852,000 · Cbre Cap Markets
Apr 2, 2018
$3,459,000
Walters Invs Hldgs LLC
Jason M Allen Investments Ll
Trustees Deed
$2,930,000 · Branch Bk&tr
Dec 14, 2016
—
Charlie B Baucom Invs LLC
—
Trustees Deed
related
$40,000 · Donnie B & Betty A Jordan
Jun 16, 2014
$1,112,000
Charlie B Baucom Invs LLC
Jordan,donnie B & Betty A
Warranty Deed
—
May 1, 2007
$175,000
Donnie B Jordan
Collins,clarence M III & Patricia R
Grant Deed
—
Jan 13, 2004
$175,000
Donnie B Jordan
Livingston,jerry W
Grant Deed
$218,500 · Branch Banking & Trust Co
—
—
Donnie B Jordan
—
Deed Of Trust
related
$400,000 · Springs Mortgage INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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