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Property profile & analytics
OFF-MARKET
Office buildings
2404 Concord Hwy Monroe, NC 28110-8769
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-2381678
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Total area
2,052 SF
Lot
0.46 ac (20,038 SF)
Zoning code
CD MONROE
APN
09-177-005
UPID
US53-2381678
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
80 32 Partners LLC · 7 yrs held
80 32 Partners LLC
since 2019
7 recorded transactions
Zoning & alternative use
CD MONROE · Monroe, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,010
Tax year 2023
Assessed value
$276,000
Assessed 2023
Previous assessed
$276,000
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$48,300
Assessed improvement
$227,700
Land market value
$48,300
Improvement market value
$227,700
Total market value
$276,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1965
Heating
YES
Cooling
CENTRAL
Stories
1
Units
1
Rooms
5
Bathrooms
2
Total area
2,052 SF
Lot
0.46 ac (20,038 SF)
Zoning code
CD MONROE
APN
09-177-005
UPID
US53-2381678
Jurisdiction
UNION
Zoning & alternative use
CD MONROE · Monroe, NC
Zoning CD MONROE · permitted uses
CD 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.
Building & site characteristics
From public records
Year built
1965
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
5
Bathrooms
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
80 32 Partners LLC
Entity
Mailing address
521 DEESE RD, MONROE, NC 28110-8720
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2019
$216,500
80 32 Partners LLC
Beaver Management LLC
Warranty Deed
$187,000 · First Citizens Bank & Trust Co
Feb 24, 2016
—
Beaver Management LLC
Brown Beaver Asset Mgmt LLC
Quit Claim Deed
$113,100 · Branch Bk&tr
Nov 21, 2014
$160,000
William W Ancrum
Calandro,anthony H & Miranda
Grant Deed
$58,000 · Whitley Mtg Assoc
Jan 18, 2012
$180,000
Brown Beaver Asset Management LLC
Citizens South Banking Corporation
Other
$144,000 · Branch Banking And Trust Co
Jun 24, 2011
$166,500
Citizens South Banking Corp
Deaton,wesley L
Trustees Deed
related
—
Jan 18, 2007
—
Concord Highway LLC
Traywick,cindy
Warranty Deed
$240,000 · Citizens South Bank
Apr 27, 2006
$180,000
Cindy S Traywick
Starnes,marvin K & Rebecca D
Warranty Deed
$172,000 · Citizens South Bank
Jun 24, 2005
$145,000
Marvin Keith Starnes
Billy Ray Deese
Warranty Deed
$116,000 · Branch Banking And Trust Co
—
—
Concord Highway LLC
—
Deed Of Trust
related
$99,509 · Citizens South Bank
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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