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Property profile & analytics
OFF-MARKET
Turn key restaurants
109 Main St, Monroe, NC 28112-5542
Entity Owned
13-yr Hold
Free & Clear
Property ID
US53-5394157
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1920
Construction
WOOD
Total area
1,736 SF
Lot
0.04 ac (1,655 SF)
Zoning code
CBD MONROE
APN
09-232-068A
UPID
US53-5394157
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
-
Main Street Bistro, Monroe NC Restaurant
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
Carlson Heisner Holdings LLC · 13 yrs held
Carlson Heisner Holdings LLC
since 2013
7 recorded transactions
Zoning & alternative use
CBD 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
$1,663
Tax year 2023
Assessed value
$129,400
Assessed 2023
Previous assessed
$129,400
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$13,300
Assessed improvement
$116,100
Land market value
$13,300
Improvement market value
$116,100
Total market value
$129,400
Applied tax rate
222.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1920
Construction
WOOD
Heating
YES
Stories
1
Total area
1,736 SF
Lot
0.04 ac (1,655 SF)
Zoning code
CBD MONROE
APN
09-232-068A
UPID
US53-5394157
Jurisdiction
UNION
Zoning & alternative use
CBD MONROE · Monroe, NC
Zoning CBD MONROE · permitted uses
CBD 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
1920
Construction
WOOD
Heating
YES
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Carlson Heisner Holdings LLC
Entity
Free & Clear · 13 yrs held
Mailing address
408 W WINDSOR ST, MONROE, NC 28112-4748
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2013
$135,000
Carlson Heisner Holdings LLC
Fbsa 1 LLC
Special Warranty Deed
—
Apr 17, 2012
—
Fbsa I LLC
Capital Bk
Grant Deed
—
May 19, 2011
—
Nafh Natl Bk
Vickery,collin S & Tamatha F
Deed In Lieu Of Foreclosure
related
—
Sep 5, 2008
—
Collin Scott Vickery
Center City Of Union LLC
Warranty Deed
$210,000 · First National Bank Of The South
May 14, 2008
$90,000
Center City Of Union LLC
Stewart,robert P & Vickie T
Warranty Deed
$90,000 · Robert P & Vickie T Stewart
Nov 14, 2001
$41,000
Robert P Stewart
Bank Of America
Grant Deed
—
—
—
Carlson Heisner Holdings LLC
—
Deed Of Trust
related
$237,750 · Branch 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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