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Property profile & analytics
OFF-MARKET
Medical Office Space

1424 Franklin St Monroe, NC 28112-5160

4,620 SF 0.37 ac lot Built 1990
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US53-4711677
Property summary
AI-generated overview

This exceptional all-brick medical facility is ideally situated next to a hospital in Monroe, North Carolina, offering unparalleled convenience and accessibility. The building boasts a thoughtfully designed layout, featuring two nearly identical wings sharing a central core. Each wing offers ample space for medical practices, with a total of five individual offices, ten exam rooms, and seven bathrooms. Additional features include a dedicated archives room for secure record storage, two mechanical rooms for efficient building maintenance, and two well-equipped laboratory spaces. A spacious reception area ensures a welcoming environment for patients, while a comfortable break room and collaborative coworking space cater to the needs of staff. The property sits on a 0.37-acre lot, providing ample parking and potential for future expansion. Recent renovations include fresh paint throughout and the installation of new flooring, ensuring a modern and inviting atmosphere. This turnkey medical building presents a rare opportunity for healthcare professionals seeking a well-maintained, strategically located facility. The asking price is $898,900. This property is perfect for a group practice or a single large medical practice. The building's layout allows for flexibility and customization to suit various medical specialties. The prime location and modern amenities make this an exceptional investment opportunity.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1990
Total area 4,620 SF
Lot 0.37 ac (16,117 SF)
Zoning code OT MONROE
APN 09-157-007 01
UPID US53-4711677
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
  • Dr. Latika D. Patel, MD Physician
  • Union County Women's Care Physician
  • Millicent Francis-Lane Physician
  • Carolina Obstetrics-Gynecology Physician
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
Kindcare Property LLC · 1 yrs held
Kindcare Property LLC
since 2025
1 recorded transaction
2025
$392,500
Zoning & alternative use
OT MONROE · Monroe, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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