Technical
Financial
Distress signals
Property profile

1328 Patterson St Monroe, NC 28112

OFF-MARKET
Medical Office Space
Property ID
US53-0271955
5,790 SF 0.94 ac lot Built 1995
Entity Owned 24-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1995
Total area 5,790 SF
Lot 0.94 ac (41,164 SF)
Zoning code R-20 MONROE
APN 09-197-025D
UPID US53-0271955

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pediatrician Medical Clinic
  • Physician
  • Physician
  • Physician Medical Clinic

Location

1328 Patterson St Monroe, NC 28112-4348
Monroe metro Census 20602 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$712k
Blend (final) Blend
$755k

Owner & transaction history

since 2001
5 recorded transactions
2023
Price N/A
2017
Price N/A
2001
$985,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R-20 MONROE · Monroe, NC
Top alternative use upside
Restaurant $685,000 +17.3%
Retail stores $620,000 +6.3%
Office building $610,000 +4.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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