Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    219 Kerr St Monroe, NC 28110-3953
    Back to Search
    Property profile & analytics

    219 Kerr St, Monroe, NC 28110-3953

    View on Map
    • High-rise multifamily apartments
    • 2,240 SF
    • 0.46 lot acres
    Off-Market
    Property ID
    US53-5824090
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • High-rise multifamily apartments

    Property Details for 219 Kerr St

    Year built
    1987
    Construction
    WOOD
    Lot size
    0.46 lot acres
    Zone code
    R-MF MONROE
    Property type
    High-rise multifamily apartments
    APN
    09-226-029A
    APU
    09226029A

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 20, 2005 $150,000 Guillermo Zuluaga Murray,kevin D & Martha R Warranty Deed $66k · Kevin D & Martha R Murray

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.5513
    Latitude
    34.998
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,226
    $16,400
    $96,000
    $112,400
    -
    $16,400
    $96,000
    $112,400

    Comparable in this City

    • Value Estimation by Request
      2,128 SF

      1611 2nd St

      HIGH-RISE APARTMENTS
      1611 2nd St, Monroe, NC 28110-3965
      View Details
    • Value Estimation
      $1,700,000
      18,208 SF

      2153 Commerce Dr

      HIGH-RISE APARTMENTS
      2153 Commerce Dr, Monroe, NC 28110-6706
      View Details
    • Value Estimation by Request
      2,520 SF

      118 Walnut St

      HIGH-RISE APARTMENTS
      118 Walnut St, Monroe, NC 28110-3126
      View Details
    • Value Estimation
      $21,210,000
      30,708 SF

      2609 Lancelot Dr

      HIGH-RISE APARTMENTS
      2609 Lancelot Dr, Monroe, NC 28110-7832
      View Details
    • Value Estimation by Request
      9,072 SF

      Icemorlee St

      HIGH-RISE APARTMENTS
      Icemorlee St, Monroe, NC 28110
      View Details
    • Value Estimation
      $645,000
      8,144 SF

      387 Monticello Dr

      HIGH-RISE APARTMENTS
      387 Monticello Dr, Monroe, NC 28110-2894
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Indian Trail/Monroe Land Opportunity

      2+/- acre land parcel in a sought-after location.
      4919 Myers Rd, Monroe, NC 28110
      View Details
    • Contact for pricing

      Union County Commercial Opportunity

      Four-acre commercial property with warehouse, office, and metal building.
      5610 Morgan Mill Rd, Monroe, NC 28110
      View Details
    • $295,000

      Crooked Creek Waterfront Land

      14.51 acre waterfront land with 1600 feet of creek.
      6925 Concord Hwy, Monroe, NC 28110
      View Details
    • Contact for pricing

      Acreage Near Monroe Expressway

      Acreage available near Unionville Indian Trail Rd and Secrest Short Cut Rd.
      5914 Secrest Shortcut Rd, Monroe, NC 28110
      View Details
    • $1,250,000
      15.30 Acres

      Residential Land in Monroe, NC

      Residential land suitable for development with utilities access.
      Myers Rd, Monroe, NC 28110
      View Details
    • Contact for pricing

      Land Available in Monroe, NC

      Land for sale at 250 N MLK Jr Blvd, Monroe.
      250 N Mlk Jr Blvd, Monroe, NC 28110
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,500 SF

      Industrial Space Available For Lease

      1,500 SF industrial space with office and dock-high loading.
      2630 Nelda Dr, Monroe, NC 28110
      View Details
    • Contact for pricing
      4,179 SF

      Prime Retail Location For Rent

      Excellent exposure and strong traffic counts in a dense retail corridor.
      2592 West Roosevelt Blvd, Monroe, NC 28110
      View Details
    • Contact for pricing

      Monroe Warehouse Space Available

      Warehouse space available for rent in Monroe, North Carolina.
      1912 Stafford Street Ext, Monroe, NC 28110
      View Details
    • Contact for pricing
      2,000 SF

      Monroe Warehouse Space Available

      Industrial warehouse space for rent in Monroe, North Carolina.
      3904 Sardis Church Rd, Monroe, NC 28110
      View Details
    • Contact for pricing
      194,706 SF

      Functional Warehouse with Acreage

      Freestanding warehouse with acreage available for purchase.
      101 N Sutherland Ave, Monroe, NC 28110
      View Details
    • Contact for pricing
      873 SF

      New Office Space Available

      Newly constructed office space for rent in Monroe, NC.
      1620-1622 Skyway Dr, Monroe, NC 28110
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    219 Kerr St
    Monroe, NC 28110-3953
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    219 Kerr St, Monroe, NC, 28110
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!