Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2343 Roland Dr Monroe, NC 28110-8555
    Back to Search
    Property profile & analytics

    2343 Roland Dr, Monroe, NC 28110-8555

    View on Map
    • High-rise multifamily apartments
    • 4,608 SF
    • 0.61 lot acres
    Off-Market
    Last Sale Feb 3, 2021
    $679,000
    Property ID
    US53-3649124
    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
    $670,000
    Show details
    Cap Rate Potential
    5.7%
    High-rise multifamily apartments
    Location Intelligence

    Current Use by Public Records

    • High-rise multifamily apartments

    Property Details for 2343 Roland Dr

    Year built
    1987
    Construction
    WOOD
    Lot size
    0.61 lot acres
    Zone code
    R-MF MONROE
    Property type
    High-rise multifamily apartments
    APN
    09-301-061L
    APU
    09301061L

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 3, 2021 $679,000 Mallard Creek Investment Properties Stephen Chapter Warranty Deed $500k · Allegacy FCU
    Aug 2, 2019 $637,500 Stephen A Chapter SR. Rainy Days LLC Warranty Deed $415k · First National Bank Of Pennsylvania
    Apr 2, 2018 $400,000 Rainy Days LLC Carole Jacqueline Cook Warranty Deed $500k · First National Bank Of Pennsylvania

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $660,000
      ML approach
      $670,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $630,000
      6.5%
      $580,000
      7%
      $540,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.576
    Latitude
    35.0139
    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
    $2,993
    $72,700
    $201,800
    $274,500
    -
    $72,700
    $201,800
    $274,500

    Comparable in this City

    • Value Estimation by Request
      2,760 SF

      112 Wesley Woods Rd

      HIGH-RISE APARTMENTS
      112 Wesley Woods Rd, Monroe, NC 28110-9593
      View Details
    • Value Estimation by Request
      2,040 SF

      809 Warren St

      HIGH-RISE APARTMENTS
      809 Warren St, Monroe, NC 28110-3193
      View Details
    • Value Estimation by Request
      2,128 SF

      1613 2nd St Sta, Unit A

      HIGH-RISE APARTMENTS
      1613 2nd St Sta, Monroe, NC 28110-2919
      View Details
    • Value Estimation
      $5,000,000
      6,576 SF

      2527 Riverside Ln

      HIGH-RISE APARTMENTS
      2527 Riverside Ln, Monroe, NC 28110-3960
      View Details
    • Value Estimation
      $735,000
      7,168 SF

      2675 Nelda Dr, Unit A

      HIGH-RISE APARTMENTS
      2675 Nelda Dr, Monroe, NC 28110-0443
      View Details
    • Value Estimation by Request
      4,896 SF

      321 Wilkes Dr

      HIGH-RISE APARTMENTS
      321 Wilkes Dr, Monroe, NC 28110-2896
      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.
    2343 Roland Dr
    Monroe, NC 28110-8555
    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
    2343 Roland Dr, 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!