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    Property profile & analytics

    2316 Hanover Dr Monroe, NC 28110-0450

    • Hotels
    • 28,371 SF
    • 2.29 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US53-1350411
    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.

    Current Use by Public Records

    • Best Western Inn & Suites - Monroe / Hotel

    Property Details for 2316 Hanover Dr

    Year built
    1997
    Construction
    WOOD
    Lot size
    2.29 lot acres
    Property size
    28,371 SF
    Zone code
    GB MONROE
    Property type
    Hotels
    APN
    09-261-017
    APU
    9261017

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.5646
    Latitude
    35.0087
    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
    $26,745
    $480,700
    $1,971,800
    $2,452,500
    -
    $480,700
    $1,971,800
    $2,452,500

    Comparable in this City

    • Value Estimation by Request
      62,865 SF

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      2208 Roosevelt Blvd

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      0.99 Acres

      1789 Dickerson Blvd

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      0.07 Acres

      Billboard

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      16.99 Acres

      Enterprise St

      VACANT COMMERCIAL LAND • 16.99 Acres
      Enterprise St, Monroe, NC 28110
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    • Value Estimation by Request
      0.92 Acres

      Hwy 601

      VACANT COMMERCIAL LAND • 0.92 Acres
      Hwy 601, Monroe, NC 28110
      View Details

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    Similar Nearby for Lease

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      Prime QSR space with drive-thru. Sublease available.
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    Property Visit Statistics

    • Visits by month
      3.0k
    • Visitors by month
      3.0k
    • Avg Time on site
      19 min
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    2316 Hanover Dr
    Monroe, NC 28110-0450
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    Realmo Value Estimation

    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.

    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.

    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
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