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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Strip malls
103 Wilkes Dr Monroe, NC 28110-2999
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-2452419
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Total area
10,750 SF
Lot
1.31 ac (57,064 SF)
Zoning code
GB MONROE
APN
09-222-057A
UPID
US53-2452419
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
Current use
Occupant on record · Public records
-
Orthodontist Dental Office
-
Citgo Gas Station
-
KIM'S ENTERPRISES Gas Station
-
Aerus Electrolux Home Appliance Store (Bike/Boat/Book/etc) Store
-
The Event Studio by BF Designs Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$353k
Blend (final)
Blend
$570k
Owner & transaction history
Megh Property LLC · 2 yrs held
Megh Property LLC
since 2023
5 recorded transactions
Zoning & alternative use
GB MONROE · Monroe, NC
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
Method
Estimation
Statistic approach
by Request
ML approach
$380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$570k
Range $513k – $627k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$53 / SF
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
$7,539
Tax year 2023
Assessed value
$691,300
Assessed 2023
Previous assessed
$691,300
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$158,200
Assessed improvement
$533,100
Land market value
$158,200
Improvement market value
$533,100
Total market value
$691,300
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1988
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
10,750 SF
Lot
1.31 ac (57,064 SF)
Zoning code
GB MONROE
APN
09-222-057A
UPID
US53-2452419
Jurisdiction
UNION
Zoning & alternative use
GB MONROE · Monroe, NCZoning GB MONROE · permitted uses
GB MONROE · Monroe, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
monroe udo
Building & site characteristics
From public records
Year built
1988
Heating
YES
Cooling
Yes
Stories
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
Megh Property LLC
Entity
Free & Clear · 2 yrs held
Mailing address
8009 WEDDINGTON DOWNS DR, WEDDINGTON, NC 28104-0401
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2023
—
Megh Property LLC
J And H Kim INC
Warranty Deed
—
Dec 14, 2023
$1,050,000
Megh Property LLC
J And H Kim INC
Special Warranty Deed
$1,000,000 · Commonwealth Business Bank
Mar 16, 2021
—
Dimitrios S Tsiamis
—
Deed
related
$240,000 · Pinnacle Bank
Jun 21, 2016
$500,000
Olympus Props Of Union Cnty LLC
Katsiaros,lambros & Helen
Warranty Deed
$500,000 · Lambros & Helen Katsiaros
—
—
Dimitrios S Tsiamis
—
Deed Of Trust
related
$369,126 · American Community Bk & Tr
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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