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Property profile & analytics
OFF-MARKET
Estimated value
$4,500,000
Medical Office Space
1338 Sunset Dr, Monroe, NC 28112-4361
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-1523916
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Total area
16,160 SF
Lot
0.72 ac (31,363 SF)
Zoning code
OT MONROE
APN
09-197-025J
UPID
US53-1523916
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
-
Fresenius Kidney Care Monroe Medical Clinic
-
Andrew O Connor Physician Medical Clinic
-
Paul Adam Cheifetz Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.50M
CAP Approach
CAP
$3.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.50M
Owner & transaction history
Smbc Leasing And Finance INC · 2 yrs held
Smbc Leasing And Finance INC
since 2024
Last sale
$4.5M
6 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
$4,500,000
ML approach
$4,500,000
CAP Approach
CAP Return
Estimation
6%
$3,750,000
6.5%
$3,465,000
7%
$3,215,000
Blend value · Realmo final
$4.50M
Range $4.05M – $4.95M · ±10% · vs last sale $4.50M (May 9 2024)
Last sale anchor
$4.50M
May 9 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
$278 / 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
$24,578
Tax year 2023
Assessed value
$2,253,800
Assessed 2023
Previous assessed
$2,253,800
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$122,400
Assessed improvement
$2,131,400
Land market value
$122,400
Improvement market value
$2,131,400
Total market value
$2,253,800
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
MEDICAL BUILDING
Status
Off-Market
Year built
2000
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
16,160 SF
Lot
0.72 ac (31,363 SF)
Zoning code
OT MONROE
APN
09-197-025J
UPID
US53-1523916
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
2000
Heating
YES
Cooling
Yes
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Smbc Leasing And Finance INC
Entity
Free & Clear · 2 yrs held
Mailing address
277 PARK AVE, NEW YORK, NY 10172-0003
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2024
$4,500,000
Smbc Leasing And Finance INC
Pv 1031 Exchange Fund III Signatory
Special Warranty Deed
—
Jun 1, 2020
$3,810,000
Pv 1031 Exchange Fund III Signatory
Elliott Bay Healthcare Realty II Ll
Special Warranty Deed
$16,385 · Capital One Bank NA
May 30, 2019
—
Elliott Bay Healthcare Realty
—
Deed
related
$87,000,000 · Cortland Products Corp
Aug 2, 2017
$3,100,000
Elliott Bay Healthcare Realty
Creech Properties LLC
Grant Deed
—
—
—
Elliott Bay Healthcare Realty
—
Deed Of Trust
related
$87,000,000 · Cortland Products Corp
—
—
Creech Properties LLC
—
Deed Of Trust
related
$1,647,000 · First Trust Bank Of Savings
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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