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    Property profile & analytics

    1501 Franklin St Monroe, NC 28112-5161

    • Medical offices
    • 2,022 SF
    • 0.79 lot acres
    OFF-MARKET
    Value Estimation
    $260,000
    Location Intelligence
    Property ID
    US53-5669556
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Neurological Institute, P.A.. / Medical Clinic
    • Dr. Erwin R. Elber, MD / Otolaryngologist

    Property Details for 1501 Franklin St

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.79 lot acres
    Property size
    2,022 SF
    Zone code
    OT MONROE
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    09-156-019
    APU
    9156019

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $255,000

    • CAP approach

      CAP return
      Estimation
      6%
      $250,000
      6.5%
      $285,000
      7%
      $280,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $270,000
      Geo Method
      $260,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $250,000
      Retail
      $255,000
      Mixed-Use
      $280,000
      Hospitality
      $275,000
      Educational
      $235,000
      Residential Income
      $235,000
      Energy
      $260,000
      Income-Based Land
      $235,000
      Food Service
      $295,000

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.5204
    Latitude
    34.9739
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,437
    $164,400
    $59,100
    $223,500
    -
    $164,400
    $59,100
    $223,500

    Comparable in this City

    • Value Estimation by Request
      11,328 SF

      1315 Sunset Dr

      MEDICAL BUILDING • 11,328 SF
      1315 Sunset Dr, Monroe, NC 28112-4324
      View Details
    • Value Estimation
      $545,000
      3,129 SF

      704 Sutherland Ave

      MEDICAL BUILDING • 3,129 SF
      704 Sutherland Ave, Monroe, NC 28112-5065
      View Details
    • Value Estimation
      $330,000
      4,678 SF

      1329 Patterson St

      MEDICAL BUILDING • 4,678 SF
      1329 Patterson St, Monroe, NC 28112-4349
      View Details
    • Value Estimation
      $1,465,000
      7,261 SF

      1402 Franklin St

      MEDICAL BUILDING • 7,261 SF
      1402 Franklin St, Monroe, NC 28112-5160
      View Details
    • Value Estimation
      $205,000
      1,808 SF

      1503 Franklin St

      MEDICAL BUILDING • 1,808 SF
      1503 Franklin St, Monroe, NC 28112-5161
      View Details
    • Value Estimation by Request
      8,584 SF

      Campus Park

      MEDICAL BUILDING • 8,584 SF
      Campus Park, Monroe, NC 28112
      View Details

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    Similar Nearby for Lease

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      Conveniently located medical office space near the hospital in Monroe.
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    • Contact for pricing
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    • $15 SF/Yr
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    • $950 /Mo

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    1501 Franklin St
    Monroe, NC 28112-5161
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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