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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Medical Office Space
1303 Dove St, Monroe, NC 28112-5012
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-0256258
Property summary
AI-generated overview
This 3,419 square foot, single-story Class B medical office building in Monroe, NC, presents a unique owner-user opportunity. Located on a 0.42-acre lot at 1303 Dove St, 28112, this property boasts a prime location directly across from Atrium Health Monroe hospital. Completely renovated in 2019, the building features a spacious reception area, five operating/exam rooms, a training room, two patient bathrooms, a private owner's office with a full bath and shower, a lab area, sterilization room, staff break room, and ample storage. The building is equipped with a vacuum/suction system for each operating room (dental chairs and compressor are negotiable). Built in 1974, this turn-key dental office is zoned COM and offers significant potential for a dental practice or other medical professional. The asking price is $740,000 ($216.44/sq ft). The property is currently vacant.
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1974
Total area
3,419 SF
Lot
0.42 ac (18,295 SF)
Zoning code
OT MONROE
APN
09-194-143
UPID
US53-0256258
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
$735k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$720k
Owner & transaction history
Llk Real Estate 2 LLC · 1 yrs held
Llk Real Estate 2 LLC
since 2024
Last sale
$710,000
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.
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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%
$795,000
6.5%
$735,000
7%
$680,000
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $710k (Sep 6 2024)
Last sale anchor
$710k
Sep 6 2024
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
$211 / 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
$3,357
Tax year 2023
Assessed value
$307,800
Assessed 2023
Previous assessed
$307,800
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$76,200
Assessed improvement
$231,600
Land market value
$76,200
Improvement market value
$231,600
Total market value
$307,800
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1974
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
3,419 SF
Lot
0.42 ac (18,295 SF)
Zoning code
OT MONROE
APN
09-194-143
UPID
US53-0256258
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
1974
Heating
YES
Cooling
Yes
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Llk Real Estate 2 LLC
Entity
Mailing address
6406 ALBEMARLE RD STE B, CHARLOTTE, NC 28212-3816
Ownership since
2024
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
Dec 6, 2024
$710,000
Llk Real Estate 2 LLC
Tri Nguyen Nguyen
Special Warranty Deed
$710,000 · Southstate Bank NA
Dec 21, 2016
$330,000
Nguyen Tri Nguyen Dds Pa
Union Medical Investments LLC
Warranty Deed
$280,500 · Branch Bk&tr
Jul 10, 2006
—
Union Medical Investments LLC
Hoover,charles H III & Frances L
Warranty Deed
$396,000 · Alliance Bank & Trust Co
Apr 10, 2000
—
John F Hartness JR.
Hartness & Hoove
Quit Claim 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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