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Property profile & analytics
FOR LEASE
Outlet malls
2520 W Roosevelt Blvd Monroe, NC 28110
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-5806128
For Lease
1 / 21
$10,600/Mo
2520 W Roosevelt Blvd, Monroe, NC 28110
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1980
Total area
10,440 SF
Lot
1.53 ac (66,690 SF)
Zoning code
GB MONROE
APN
09-259-118
UPID
US53-5806128
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
-
Union County Habitat For Humanity Charitable Organization Social Service Agency
-
Habitat For Humanity Restore & Offices Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.60M
CAP Approach
CAP
$1.97M
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.60M
Owner & transaction history
West Roosevelt 2520 LLC · 2 yrs held
West Roosevelt 2520 LLC
since 2024
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
GB 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
Method
Estimation
Statistic approach
$1,600,000
ML approach
$1,600,000
CAP Approach
CAP Return
Estimation
6%
$2,135,000
6.5%
$1,970,000
7%
$1,830,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,425,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.60M (May 30 2024)
Last sale anchor
$1.60M
May 30 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
$153 / 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
$1,138,600
Assessed 2023
Previous assessed
$1,138,600
+0.0% YoY
Assessed land
$964,500
Assessed improvement
$174,100
Land market value
$964,500
Improvement market value
$174,100
Total market value
$1,138,600
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1980
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
10,440 SF
Lot
1.53 ac (66,690 SF)
Zoning code
GB MONROE
APN
09-259-118
UPID
US53-5806128
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
COMMERCIAL (GENERAL)
Est. value
$2.4M
COMMERCIAL (GENERAL)
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
1980
Heating
YES
Cooling
Yes
Stories
1
Lot
1.53 ac
Current owner
From public records · entity-resolved
West Roosevelt 2520 LLC
Entity
Mailing address
305 HOLLYHOCK DR, MATTHEWS, NC 28104-9209
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2024
$1,600,000
West Roosevelt 2520 LLC
2520 West Roosevelt Blvd LLC
Warranty Deed
$1,280,000 · Uwharrie Bank
Sep 19, 2023
$1,000,000
2520 West Roosevelt Blvd LLC
Union Anson Cnty Habitat For Humani
Warranty Deed
$600,000 · Union Anson County Habit For Humani
Sep 29, 2005
$600,000
Union Cnty Habitat Of Humanity In
Bivens,harry E & Kay S
Warranty Deed
$500,000 · Harry E & Kay S Bivens
Oct 6, 2004
$52,000
Kay S Bivens
Burdette,doris S
Warranty Deed
—
Apr 25, 2002
$393,000
Kay S Bivens
Bivens,kay S
Grant Deed
related
—
—
—
Union-anson Cnty Habitat For H
—
Deed Of Trust
related
$217,879 · Branch Bk&tr
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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