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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Community centers
2258 Roosevelt Blvd Monroe, NC 28110-3089
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-2074048
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2006
Construction
WOOD
Total area
8,246 SF
Lot
3.45 ac (150,282 SF)
Zoning code
GB MONROE
APN
09-216-074
UPID
US53-2074048
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
-
Steven A. Mills Plumbing Plumbing Service General Contractor
-
Prettyman Orthodontics - Monroe Dental Office
-
Dentistry of the Carolinas - Monroe Dental Office
-
Dr. Mark Purdy, DDS Dental Office
-
Ljiljana Karan Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.88M
CAP Approach
CAP
$1.87M
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$1.87M
Owner & transaction history
Dhruvin And Margi INC · 1 yrs held
Dhruvin And Margi INC
since 2025
Last sale
$1.9M
3 recorded transactions
Zoning & alternative use
GB MONROE · Monroe, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+140.9%
Retail stores
$2.3M
+82.6%
Commercial (general)
$1.9M
+53.1%
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
$1,820,000
ML approach
$1,875,000
CAP Approach
CAP Return
Estimation
6%
$2,025,000
6.5%
$1,870,000
7%
$1,735,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,250,000
Current use
RESTAURANT
$3,015,000
Change: +141% · Conversion: Difficult
RETAIL STORES
$2,285,000
Change: +83% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,915,000
Change: +53% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,735,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$1,505,000
Change: +20% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,305,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±10% · vs last sale $1.92M (May 6 2025)
Last sale anchor
$1.92M
May 6 2025
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
$227 / 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
$30,935
Tax year 2023
Assessed value
$2,836,800
Assessed 2023
Previous assessed
$2,734,800
+3.7% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,170,000
Assessed improvement
$1,666,800
Land market value
$1,170,000
Improvement market value
$1,666,800
Total market value
$2,836,800
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
8,246 SF
Lot
3.45 ac (150,282 SF)
Zoning code
GB MONROE
APN
09-216-074
UPID
US53-2074048
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.3M
RESTAURANT
Est. value
$3.0M
RETAIL STORES
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
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
2006
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
3.45 ac
Current owner
From public records · entity-resolved
Dhruvin And Margi INC
Entity
Mailing address
PO BOX 748, MONROE, NC 28111-0748
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2025
—
Dhruvin And Margi INC
—
Deed
related
$1,060,000 · Southstate Bank NA
May 30, 2025
—
Dhruvin And Margi INC
—
Deed
related
$1,060,000 · Southstate Bank NA
May 6, 2025
$1,920,000
Dhruvin And Margi INC
Ty Par Realty INC
Special Warranty Deed
$1,060,000 · Southstate Bank NA
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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