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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Warehouses
1710 Morgan Ml Rd Monroe, NC 28110-3643
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-4031885
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Total area
6,000 SF
Lot
0.83 ac (36,242 SF)
Zoning code
G-I MONROE
APN
09-188-080B
UPID
US53-4031885
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
-
Shift'd Raceworks Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
$785k
Comparable Approach
Comparable
$637k
Blend (final)
Blend
$1.00M
Owner & transaction history
Blaise Rouge Properties LLC · 2 yrs held
Blaise Rouge Properties LLC
since 2023
Last sale
$1.0M
4 recorded transactions
Zoning & alternative use
G-I MONROE · Monroe, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.7M
+204.0%
Commercial (general)
$1.4M
+154.9%
Industrial (general)
$1.3M
+131.1%
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
$1,115,000
ML approach
$1,110,000
CAP Approach
CAP Return
Estimation
6%
$855,000
6.5%
$785,000
7%
$730,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,660,000
Change: +204% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,395,000
Change: +155% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,265,000
Change: +131% · Conversion: Easy
OFFICE BUILDING
$1,095,000
Change: +100% · Conversion: Difficult
AUTO REPAIR, GARAGE
$950,000
Change: +74% · Conversion: Easy
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (Nov 1 2023)
Last sale anchor
$1.00M
Nov 1 2023
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
$3,222
Tax year 2023
Assessed value
$295,500
Assessed 2023
Previous assessed
$295,500
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$83,200
Assessed improvement
$212,300
Land market value
$83,200
Improvement market value
$212,300
Total market value
$295,500
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Heating
YES
Stories
1
Total area
6,000 SF
Lot
0.83 ac (36,242 SF)
Zoning code
G-I MONROE
APN
09-188-080B
UPID
US53-4031885
Jurisdiction
UNION
Zoning & alternative use
G-I MONROE · Monroe, NC
Zoning G-I MONROE · permitted uses
G-I MONROE · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$950,000
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2000
Heating
YES
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Blaise Rouge Properties LLC
Entity
Mailing address
5408 KUYKENDALL RD, CHARLOTTE, NC 28270-0274
Ownership since
2023
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
Nov 1, 2023
$1,000,000
Blaise Rouge Properties LLC
J & M Investments LLC
Special Warranty Deed
$700,000 · First National Bank Of Pennsylvania
Mar 30, 2017
$300,000
J & M Invs
Williamson,joyce S
Warranty Deed
—
Sep 5, 2014
—
Joyce S Williamson
Smith,carolyn S & Michael H
Grant Deed
—
Mar 29, 2012
$106,000
Joyce S Williamson
Stack,lanny K
Quit Claim Deed
related
$105,667 · Lanny K Stack
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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