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Property profile & analytics
FOR LEASE
Medical Office Space
1643 Campus Park Dr Monroe, NC 28112
Entity Owned
Free & Clear
Property ID
US53-4028449
For Lease
1 / 3
$1,400,000
1643 Campus Park Dr, Monroe, NC 28112
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Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Total area
8,400 SF
Lot
1 ac (43,560 SF)
Zoning code
M-U-SU MONROE
APN
09-156-003J
UPID
US53-4028449
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
-
Center for Emotional Health - Monroe Crisis Center Medical Clinic
-
Child Support Enforcement Office Government Office Social Services Organization
-
Kathryn Smigla Foster Care Service Social Service Agency
-
Union County Child Support Services Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.80M
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.40M
Owner & transaction history
Scythe Monroe LLC
Scythe Monroe LLC
since 2026
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
M-U-SU MONROE · Monroe, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
monroe udo
Top alternative use upside
Restaurant
$995,000
+17.3%
Retail stores
$900,000
+6.3%
Office building
$885,000
+4.0%
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%
$1,950,000
6.5%
$1,800,000
7%
$1,670,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$850,000
Current use
RESTAURANT
$995,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$900,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$885,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±10% · vs last sale $1.35M (Feb 12 2026)
Last sale anchor
$1.35M
Feb 12 2026
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
$167 / 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
$15,645
Tax year 2023
Assessed value
$1,434,700
Assessed 2023
Previous assessed
$1,434,700
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$225,000
Assessed improvement
$1,209,700
Land market value
$225,000
Improvement market value
$1,209,700
Total market value
$1,434,700
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
For Lease
Year built
2017
Heating
NONE
Stories
1
Total area
8,400 SF
Lot
1 ac (43,560 SF)
Zoning code
M-U-SU MONROE
APN
09-156-003J
UPID
US53-4028449
Jurisdiction
UNION
Zoning & alternative use
M-U-SU MONROE · Monroe, NCZoning M-U-SU MONROE · permitted uses
M-U-SU 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
MEDICAL BUILDING Current
Est. value
$850,000
RESTAURANT
Est. value
$995,000
RETAIL STORES
Est. value
$900,000
OFFICE BUILDING
Est. value
$885,000
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
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
2017
Heating
NONE
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Scythe Monroe LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 748, MONROE, NC 28111-0748
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2026
$1,348,000
Scythe Monroe LLC
Tyson Land Investments LLC
Special Warranty Deed
—
Jun 13, 2014
$75,000
Tyson Land Investments LLC
Atlas Nc I Spe LLC
Grant Deed
—
Sep 16, 2013
$130,000
Atlas Nc I Spe LLC
Fletcher John W III
Trustees Deed
related
—
Jun 23, 2006
$175,000
Vena Investment Corp
Hilltop Dev Co Of Monroe LLC
Warranty Deed
$148,750 · Branch Banking & Trust Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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