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Property profile & analytics
OFF-MARKET
Theaters & concert halls
1602 Starnes Cemetary Rd, Monroe, NC 28112-9604
Entity Owned
15-yr Hold
Free & Clear
Property ID
US53-0638823
Property profile
Verified
Property type
Theaters & concert halls
Use group
ARENA, CONVENTION CENTER
Year built
1994
Total area
28,125 SF
Lot
15.26 ac (664,943 SF)
Zoning code
RA-40 UNION COUNTY
APN
04-210-003E
UPID
US53-0638823
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
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
Circle S Ranch INC · 15 yrs held
Circle S Ranch INC
since 2010
7 recorded transactions
Zoning & alternative use
RA-40 UNION COUNTY · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,363
Tax year 2023
Assessed value
$380,600
Assessed 2023
Previous assessed
$380,600
+0.0% YoY
Effective rate
0.62%
On assessed value
Assessed land
$106,300
Assessed improvement
$274,300
Land market value
$106,300
Improvement market value
$274,300
Total market value
$380,600
Applied tax rate
929.0000
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
Theaters & concert halls
Use group
ARENA, CONVENTION CENTER
Status
Off-Market
Year built
1994
Heating
NONE
Stories
1
Total area
28,125 SF
Lot
15.26 ac (664,943 SF)
Zoning code
RA-40 UNION COUNTY
APN
04-210-003E
UPID
US53-0638823
Jurisdiction
UNION
Zoning & alternative use
RA-40 UNION COUNTY · Monroe, NC
Zoning RA-40 UNION COUNTY · permitted uses
RA-40 UNION COUNTY · 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
1994
Heating
NONE
Stories
1
Lot
15.26 ac
Current owner
From public records · entity-resolved
Circle S Ranch INC
Entity
Free & Clear · 15 yrs held
Mailing address
1604 CIR S RNCH RD, MONROE, NC 28112-9354
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2022
—
Circle S Ranch INC
—
Deed
related
$35,000,000 · Carolina Farm Credit Aca
Nov 23, 2010
$380,000
Circle S Ranch INC
Carolina Farm Credit Aca
Grant Deed
—
Mar 4, 2010
$574,170
Carolina Farm Credit
Repetti Elizabeth M
Trustees Deed
related
—
Feb 19, 2010
—
Charles E Williams
Williams,charles E & Kathy S
Quit Claim Deed
related
—
May 7, 2008
—
Charles E Williams
Roberts,william S JR
Quit Claim Deed
related
—
Nov 13, 2007
—
William S Roberts JR.
Lonsing,dwight H
Warranty Deed
—
Mar 22, 2007
—
Dwight Lansing
Williams,charles E & Kathy S
Warranty Deed
—
Nov 22, 2006
—
Charles E Williams
Chetola Farms LLC
Warranty Deed
—
Sep 14, 2004
—
Chetola Farms LLC
Williams,charles & Kathy
Warranty Deed
related
—
Mar 10, 2004
—
Charles Williams
Williams,charles
Quit Claim Deed
related
—
—
—
Chetola Farms LLC
—
Deed Of Trust
related
$391,000 · Farm Credit Service
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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