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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Office buildings
1502 Charlotte Ave Monroe, NC 28110-2500
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US53-5690759
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1995
Total area
4,257 SF
Lot
0.49 ac (21,257 SF)
Zoning code
OT MONROE
APN
09-267-063
UPID
US53-5690759
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
-
A Plus Taxx Service Accounting Firm Tax Preparation
-
Capital Asset Recovery Computer & Electronic Repair (Bike/Boat/Book/etc) Store
-
Excel Tutoring & Personal Dec Tutoring Service
-
Carlos Todd, LPC Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$625k
Blend (final)
Blend
$625k
Owner & transaction history
A & Publishing INC · 12 yrs held
A & Publishing INC
since 2014
7 recorded transactions
Zoning & alternative use
OT MONROE · Monroe, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
monroe udo
Top alternative use upside
Commercial (general)
$990,000
+27.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$775,000
Current use
COMMERCIAL (GENERAL)
$990,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$675,000
Change: -13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$645,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10%
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
$147 / 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
$4,694
Tax year 2023
Assessed value
$430,400
Assessed 2023
Previous assessed
$430,400
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$56,400
Assessed improvement
$374,000
Land market value
$56,400
Improvement market value
$374,000
Total market value
$430,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1995
Heating
YES
Stories
2
Rooms
5
Total area
4,257 SF
Lot
0.49 ac (21,257 SF)
Zoning code
OT MONROE
APN
09-267-063
UPID
US53-5690759
Jurisdiction
UNION
Zoning & alternative use
OT MONROE · Monroe, NCZoning 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
Source
monroe udo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$775,000
COMMERCIAL (GENERAL)
Est. value
$990,000
AUTO REPAIR, GARAGE
Est. value
$675,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$645,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Heating
YES
Stories
2
Rooms
5
Lot
0.49 ac
Current owner
From public records · entity-resolved
A & Publishing INC
Entity
Mailing address
PO BOX 626, MARSHVILLE, NC 28103-0626
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2025
—
A Plus Publishing INC
—
Deed
related
$274,000 · Willie Featherstone JR Etal
Nov 27, 2019
—
A & Publishing INC
—
Deed
related
$40,000 · Willie JR & Willie J Featherstone
Mar 20, 2014
$190,000
A & Publishing INC
Featherstone,willie JR & Willie J
Warranty Deed
$172,000 · Willie JR & Willie J Featherstone
Dec 19, 2012
$160,000
Willie Featherstone JR
Bank Of The West
Special Warranty Deed
$120,000 · Yadkin Valley Bank & Trust Company
Apr 9, 2010
$310,500
Bank Of The West
Presel Alan M
Trustees Deed
related
—
Sep 6, 2002
—
Larry E Penland
Penland,stacy A
Quit Claim Deed
related
—
—
—
A & Publishing INC
—
Deed Of Trust
related
$199,850 · Willie JR & Willie J Featherstone
—
—
A & Publishing INC
—
Deed Of Trust
related
$40,000 · Willie JR & Willie J Featherstone
—
—
John Q Tillman
—
Deed Of Trust
related
$700,000 · First Charter Bank
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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