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Property profile & analytics
OFF-MARKET
Estimated value
$5,295,000
Assisted living facilities
2515 Fowler Secrest Rd Monroe, NC 28110-6947
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-5813566
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1998
Construction
WOOD
Total area
26,368 SF
Lot
7.13 ac (310,583 SF)
Zoning code
R-20 MONROE
APN
09-298-079C
UPID
US53-5813566
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
-
Woodridge Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.30M
Owner & transaction history
Dp Real Estate Investments LLC · 2 yrs held
Dp Real Estate Investments LLC
since 2024
Last sale
$5.3M
3 recorded transactions
Zoning & alternative use
R-20 MONROE · Monroe, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.8M
+375.8%
Office building
$3.7M
+361.7%
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
$5,295,000
ML approach
$5,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,840,000
Change: +376% · Conversion: Difficult
OFFICE BUILDING
$3,725,000
Change: +362% · Conversion: Difficult
Blend value · Realmo final
$5.30M
Range $4.77M – $5.82M · ±10% · vs last sale $5.30M (Jul 2 2024)
Last sale anchor
$5.30M
Jul 2 2024
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
$201 / 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
Assessed value
$3,294,700
Assessed 2023
Previous assessed
$3,294,700
+0.0% YoY
Assessed land
$150,500
Assessed improvement
$3,144,200
Land market value
$150,500
Improvement market value
$3,144,200
Total market value
$3,294,700
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
26,368 SF
Lot
7.13 ac (310,583 SF)
Zoning code
R-20 MONROE
APN
09-298-079C
UPID
US53-5813566
Jurisdiction
UNION
Zoning & alternative use
R-20 MONROE · Monroe, NC
Zoning R-20 MONROE · permitted uses
R-20 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
COMMERCIAL (GENERAL)
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.7M
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1998
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
7.13 ac
Current owner
From public records · entity-resolved
Dp Real Estate Investments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3011 TOWNSGATE RD, WESTLAKE VILLAGE, CA 91361-5820
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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 2, 2024
$5,296,000
Dp Real Estate Investments LLC
Union Propco LLC
Special Warranty Deed
—
Dec 7, 2021
$4,467,500
Union Propco LLC
Community Facilities INC
Special Warranty Deed
$59,250,000 · Fidelity National Title Insurance
Feb 27, 2009
—
Community Facilities INC
Depaul Woodridge INC
Special Warranty Deed
$31,890,000 · Rbs Citizens 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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