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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Automotive properties
2608 Hayes Rd, Monroe, NC 28110-9192
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US53-5622566
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2007
Total area
26,800 SF
Lot
5.47 ac (238,273 SF)
Zoning code
HC UNION COUNTY
APN
07-048-001
UPID
US53-5622566
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
-
Penske Truck Rental Car Rental Facility
-
All Seasons Self Storage Storage Facility
-
Boundless Moving & Storage, LLC Moving Company Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.08M
Owner & transaction history
2608 Hayes Road LLC · 21 yrs held
2608 Hayes Road LLC
since 2005
5 recorded transactions
Zoning & alternative use
HC UNION COUNTY · 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
by Request
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±10%
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
$40 / 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
Tax billed
$16,993
Tax year 2023
Assessed value
$2,654,300
Assessed 2023
Previous assessed
$2,654,300
+0.0% YoY
Effective rate
0.64%
On assessed value
Assessed land
$820,500
Assessed improvement
$1,833,800
Land market value
$820,500
Improvement market value
$1,833,800
Total market value
$2,654,300
Applied tax rate
919.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2007
Heating
YES
Buildings
5
Stories
1
Rooms
6
Bathrooms
2
Total area
26,800 SF
Lot
5.47 ac (238,273 SF)
Zoning code
HC UNION COUNTY
APN
07-048-001
UPID
US53-5622566
Jurisdiction
UNION
Zoning & alternative use
HC UNION COUNTY · Monroe, NC
Zoning HC UNION COUNTY · permitted uses
HC UNION COUNTY · 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
2007
Heating
YES
Stories
1
Buildings
5
Rooms
6
Bathrooms
2
Lot
5.47 ac
Current owner
From public records · entity-resolved
2608 Hayes Road LLC
Entity
Mailing address
2608 HAYES RD, MONROE, NC 28110-9192
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2020
—
2608 Hayes Road LLC
—
Deed
related
$2,335,000 · Atlantic Union Bk
Feb 15, 2007
—
2608 Hayes Road LLC
—
Trustees Deed
related
$1,900,000 · Branch Banking & Trust Co
Apr 11, 2005
—
2608 Hayes Road LLC
Frank K Arey
Quit Claim Deed
related
$960,000 · Branch Banking And Trust Co
Apr 11, 2005
$1,100,000
Frank K Arey
Watch Dog Self Storage LLC
Warranty Deed
—
—
—
2608 Hayes Road LLC
—
Deed Of Trust
related
$2,335,000 · Atlantic Union Bk
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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