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Property profile & analytics
OFF-MARKET
Estimated value
$4,790,000
Medical Office Space
1106 Reynolds St, Monroe, NC 28112-4375
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1396473
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Total area
19,730 SF
Lot
2.78 ac (121,010 SF)
Zoning code
OT MONROE
APN
09-197-025C
UPID
US53-1396473
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
-
Matthew Joseph Findlay, MD Pediatrician Physician
-
Kelly Hemmings Pediatrician Physician
-
Nupur Vikram Gulati, MD Pediatrician Physician
-
Dr. John Vick Pediatrician Physician
-
Holly L. Stegall, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.71M
CAP Approach
CAP
$4.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.79M
Owner & transaction history
Monroe Union Family Med Dst · 4 yrs held
Monroe Union Family Med Dst
since 2022
Last sale
$6.4M
4 recorded transactions
Zoning & alternative use
OT 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
$4,355,000
ML approach
$4,705,000
CAP Approach
CAP Return
Estimation
6%
$4,580,000
6.5%
$4,230,000
7%
$3,925,000
Blend value · Realmo final
$4.79M
Range $4.31M – $5.27M · ±10% · vs last sale $6.40M (Jan 27 2022)
Last sale anchor
$6.40M
Jan 27 2022
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
$243 / 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
$44,502
Tax year 2023
Assessed value
$4,080,900
Assessed 2023
Previous assessed
$4,072,200
+0.2% YoY
Effective rate
1.09%
On assessed value
Assessed land
$472,300
Assessed improvement
$3,608,600
Land market value
$472,300
Improvement market value
$3,608,600
Total market value
$4,080,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1997
Heating
YES
Cooling
CENTRAL
Stories
1
Rooms
6
Total area
19,730 SF
Lot
2.78 ac (121,010 SF)
Zoning code
OT MONROE
APN
09-197-025C
UPID
US53-1396473
Jurisdiction
UNION
Zoning & alternative use
OT MONROE · Monroe, NC
Zoning OT MONROE · permitted uses
OT 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
1997
Heating
YES
Cooling
Yes
Stories
1
Rooms
6
Lot
2.78 ac
Current owner
From public records · entity-resolved
Monroe Union Family Med Dst
Individual
Mailing address
6000 FAIRVIEW RD STE #1200, CHARLOTTE, NC 28210-2252
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2022
—
Monroe Union Family Med Dst
Tm Medical Properties Monroe LP
Deed
—
Jan 27, 2022
$6,400,000
Monroe Union Family Med Dst
Tm Medical Properties Monroe LP
Special Warranty Deed
$3,900,000 · Ameris Bank
May 20, 2021
—
Tm Medical Properties Monroe LP
—
Deed
related
$3,990,000 · First Bank
Aug 4, 2017
$4,550,000
Nh Medical Clinics LP
Kb Partnership
Warranty Deed
$250,000 · Langley 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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