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Property profile & analytics
OFF-MARKET
Office buildings
115 Henderson St Monroe, NC 28112-4913
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-0270480
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Total area
4,000 SF
Lot
0.85 ac (37,026 SF)
Zoning code
G-I MONROE
APN
09-231-058A
UPID
US53-0270480
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
-
Signposts Ministries Charitable Organization Social Service Agency
-
Schole Learning Center Training Center Tutoring Service
-
Mystic Acres Welsh Springer Spaniels Kennel & Boarding Facility
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
Signposts Ministries INC · 6 yrs held
Signposts Ministries INC
since 2020
Last sale
$200,000
6 recorded transactions
Zoning & alternative use
G-I 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
Assessed value
$172,700
Assessed 2023
Previous assessed
$172,700
+0.0% YoY
Assessed land
$29,800
Assessed improvement
$142,900
Land market value
$29,800
Improvement market value
$142,900
Total market value
$172,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1977
Heating
YES
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
4,000 SF
Lot
0.85 ac (37,026 SF)
Zoning code
G-I MONROE
APN
09-231-058A
UPID
US53-0270480
Jurisdiction
UNION
Zoning & alternative use
G-I MONROE · Monroe, NC
Zoning G-I MONROE · permitted uses
G-I 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
1977
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Signposts Ministries INC
Entity
Mailing address
4206 FRST DR, INDIAN TRAIL, NC 28079-6707
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2020
$200,000
Signposts Ministries INC
Isaac Grossman
Warranty Deed
$163,000 · Isaac & Berta G Grossman
Jun 13, 2018
—
Isaac Grossman
Grid Investments
Quit Claim Deed
related
—
Sep 24, 2015
$375,000
Rothenbacher Real Estate LLC
Grossman,isaac & Berta G
Warranty Deed
$337,500 · Isaac & Berta G Grossman
Apr 23, 2009
$664
Isaac Grossman
Hd Supply Plumbing Of Hvac Ltd
Grant Deed
—
Apr 23, 2009
—
Isaac Grossman
Hd Supply Plumbing Of Hvac Ltd
Quit Claim Deed
related
—
Oct 27, 2005
—
Hughes Plumbing Supply Ltd
Hsi North Carolina LLC
Grant Deed
related
—
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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