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Property profile & analytics
OFF-MARKET
Estimated value
$21,210,000
High-rise multifamily apartments
2609 Lancelot Dr Monroe, NC 28110-7832
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-1767968
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2001
Construction
WOOD
Total area
30,708 SF
Lot
29.1 ac (1,267,552 SF)
Zoning code
R-MF MONROE
APN
09-301-061
UPID
US53-1767968
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
$21.21M
Owner & transaction history
Interurban Forest LLP LLC · 6 yrs held
Interurban Forest LLP LLC
since 2020
Last sale
$26.2M
3 recorded transactions
Zoning & alternative use
R-MF 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
$691 / 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
$188,738
Tax year 2023
Assessed value
$17,307,500
Assessed 2023
Previous assessed
$17,307,500
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,618,500
Assessed improvement
$15,689,000
Land market value
$1,618,500
Improvement market value
$15,689,000
Total market value
$17,307,500
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2001
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
13
Stories
3
Rooms
5
Bathrooms
1
Total area
30,708 SF
Lot
29.1 ac (1,267,552 SF)
Zoning code
R-MF MONROE
APN
09-301-061
UPID
US53-1767968
Jurisdiction
UNION
Zoning & alternative use
R-MF MONROE · Monroe, NC
Zoning R-MF MONROE · permitted uses
R-MF 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
2001
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
13
Rooms
5
Bathrooms
1
Lot
29.1 ac
Current owner
From public records · entity-resolved
Interurban Forest LLP LLC
Entity
Free & Clear · 6 yrs held
Mailing address
7495 E PEAKVIEW AVE, CENTENNIAL, CO 80111-6703
Ownership since
2020
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
Feb 28, 2020
—
Interurban Forest LLP LLC
Ezdsit Investments LLC
Quit Claim Deed
related
—
Feb 28, 2020
$26,150,000
Interurban Forest LLP
Ezdsit Investments LLC
Grant Deed
$16,000,000 · Gerber Life Insurance Co
May 9, 2013
$11,719,000
Ezdsit Investments LLC
Lct Properties LLC
Warranty Deed
$11,718,818 · Lct Properties LLC
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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