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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Distribution properties
1821 Skwy Dr Monroe, NC 28110-2857
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-0837837
Property profile
Verified
Property type
Distribution properties
Use group
BUS TERMINAL
Year built
1982
Total area
6,742 SF
Lot
1.11 ac (48,569 SF)
Zoning code
GB MONROE
APN
09-222-054
UPID
US53-0837837
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
-
Websites Charlotte Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Monroe Martial Arts Academy Krav Maga Training Center Sports School
-
Vinyl Signs & Graphics Co. (Bike/Boat/Book/etc) Store
-
Nu Life Kingdom Ministries Church
-
Hope Home Care Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$615k
Owner & transaction history
Bonar Properties LLC · 4 yrs held
Bonar Properties LLC
since 2022
Last sale
$685,000
2 recorded transactions
Zoning & alternative use
GB MONROE · Monroe, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$980,000
+215.7%
Office building
$955,000
+206.4%
Restaurant
$810,000
+160.9%
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
$505,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$980,000
Change: +216% · Conversion: Difficult
OFFICE BUILDING
$955,000
Change: +206% · Conversion: Difficult
RESTAURANT
$810,000
Change: +161% · Conversion: Difficult
MEDICAL BUILDING
$685,000
Change: +120% · Conversion: Difficult
RETAIL STORES
$660,000
Change: +113% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$590,000
Change: +90% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $685k (Feb 15 2022)
Last sale anchor
$685k
Feb 15 2022
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
$91 / 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
$3,920
Tax year 2023
Assessed value
$359,500
Assessed 2023
Previous assessed
$254,300
+41.4% YoY
Effective rate
1.09%
On assessed value
Assessed land
$117,100
Assessed improvement
$242,400
Land market value
$117,100
Improvement market value
$242,400
Total market value
$359,500
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
Distribution properties
Use group
BUS TERMINAL
Status
Off-Market
Year built
1982
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
6,742 SF
Lot
1.11 ac (48,569 SF)
Zoning code
GB MONROE
APN
09-222-054
UPID
US53-0837837
Jurisdiction
UNION
Zoning & alternative use
GB MONROE · Monroe, NC
Zoning GB MONROE · permitted uses
GB 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
COMMERCIAL (GENERAL)
Est. value
$980,000
OFFICE BUILDING
Est. value
$955,000
RESTAURANT
Est. value
$810,000
MEDICAL BUILDING
Est. value
$685,000
RETAIL STORES
Est. value
$660,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$590,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1982
Heating
YES
Cooling
Yes
Stories
2
Lot
1.11 ac
Current owner
From public records · entity-resolved
Bonar Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2764 PLEASANT RD #10939, FORT MILL, SC 29708-7213
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2022
$685,000
Bonar Properties LLC
Pedro Kondratuk
Warranty Deed
—
Nov 30, 2015
$220,000
Pedro Kondratuk
Hill Ents INC
Warranty Deed
—
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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