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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Truck terminals
1723 Tower Industrial Dr Monroe, NC 28110-8565
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US53-0712965
Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Year built
1993
Total area
27,500 SF
Lot
4 ac (174,240 SF)
Zoning code
LI INDIAN TRAIL
APN
09-366-038
UPID
US53-0712965
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
-
W M Goodyear Co Factory Chemical Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$900k
Owner & transaction history
Wm Goodyear Properties LLC · 14 yrs held
Wm Goodyear Properties LLC
since 2011
7 recorded transactions
Zoning & alternative use
LI INDIAN TRAIL · Monroe, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+15.4%
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
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
TRUCK TERMINAL (MOTOR FREIGHT)
$1,270,000
Current use
AUTO REPAIR, GARAGE
$1,465,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$33 / 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
$13,178
Tax year 2023
Assessed value
$1,385,900
Assessed 2023
Previous assessed
$1,415,400
-2.1% YoY
Effective rate
0.95%
On assessed value
Assessed land
$240,000
Assessed improvement
$1,145,900
Land market value
$240,000
Improvement market value
$1,145,900
Total market value
$1,385,900
Applied tax rate
619.0000
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
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Status
Off-Market
Year built
1993
Heating
YES
Stories
1
Total area
27,500 SF
Lot
4 ac (174,240 SF)
Zoning code
LI INDIAN TRAIL
APN
09-366-038
UPID
US53-0712965
Jurisdiction
UNION
Zoning & alternative use
LI INDIAN TRAIL · Monroe, NC
Zoning LI INDIAN TRAIL · permitted uses
LI INDIAN TRAIL · 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
TRUCK TERMINAL (MOTOR FREIGHT) Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.5M
TRUCK TERMINAL (MOTOR FREIGHT) Current
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
1993
Heating
YES
Stories
1
Lot
4 ac
Current owner
From public records · entity-resolved
Wm Goodyear Properties LLC
Entity
Mailing address
2802 GRAY FOX RD, MONROE, NC 28110-8422
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2020
—
Wm Goodyear Properties LLC
—
Deed
related
$296,342 · Select Bk
Jan 10, 2019
—
Wmgoodyear Properties LLC
—
Deed
related
$1,190,000 · Select Bk
Aug 14, 2018
—
Wm Goodyear Properties LLC
—
Deed
related
$1,190,000 · Select Bank & Trust Co
Sep 13, 2011
$750,000
Wm Goodyear Properties LLC
Farmers & Merchants Bank
Special Warranty Deed
$956,000 · Suntrust Bank
Oct 19, 2010
$833,146
Farmers Bk
Herrick,kimberly A
Trustees Deed
related
—
—
—
Wmgoodyear Properties LLC
—
Deed Of Trust
related
$1,190,000 · Select Bk
—
—
William Goodyear Props LLC
—
Deed Of Trust
related
$681,000 · Suntrust Bank NA
—
—
Benjamin W Icard
—
Deed Of Trust
related
$1,218,948 · F & M Bank
—
—
Visual Technologies INC
—
Deed Of Trust
related
$1,340,000 · Farmers & Merchants Bk & Tr
—
—
May White LLC
—
Deed Of Trust
related
$147,500 · Citizens South Bank
—
—
Wm Goodyear Properties LLC
—
Deed Of Trust
related
$296,342 · Select Bk
—
—
May White LLC
—
Deed Of Trust
related
$350,134 · 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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