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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
High-rise multifamily apartments
1100 Burke St Monroe, NC 28110-3288
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-1049857
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1968
Construction
WOOD
Total area
8,996 SF
Lot
1.76 ac (76,883 SF)
Zoning code
R-MF MONROE
APN
09-228-067
UPID
US53-1049857
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
$1.14M
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$870k
Owner & transaction history
Rrp Investments LLC · 8 yrs held
Rrp Investments LLC
since 2018
4 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,230,000
6.5%
$1,135,000
7%
$1,055,000
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$97 / 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
$9,769
Tax year 2023
Assessed value
$895,800
Assessed 2023
Previous assessed
$895,800
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$26,800
Assessed improvement
$869,000
Land market value
$26,800
Improvement market value
$869,000
Total market value
$895,800
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
1968
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
2
Bathrooms
2
Total area
8,996 SF
Lot
1.76 ac (76,883 SF)
Zoning code
R-MF MONROE
APN
09-228-067
UPID
US53-1049857
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
1968
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Bathrooms
2
Lot
1.76 ac
Current owner
From public records · entity-resolved
Rrp Investments LLC
Entity
Free & Clear · 8 yrs held
Mailing address
2418 RIDERS GLN CT, CONCORD, NC 28027-3486
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2018
$1,350,000
Rrp Investments LLC
Nctl LLC
Grant Deed
—
May 24, 2017
—
Nctl LLC
—
Deed
related
$675,000 · Coastal FCU
Jun 3, 2009
$900,000
Nctl LLC
Jordan,donnie B & Betty A
Grant Deed
$780,000 · Donnie B & Betty A Jordan
—
—
Nctl LLC
—
Loan Modification
related
$675,000 · Coastal FCU
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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