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Property profile & analytics
FOR LEASE
Industrial properties
2740 Gray Fox Rd, Monroe, NC 28110
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1756830
For Lease
1 / 7
$3,200,000
2740 Gray Fox Rd, Monroe, NC 28110
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Property summary
AI-generated overview
This exceptional industrial property, located at 2740 Gray Fox Rd in Monroe, North Carolina, offers a versatile 19,800 square foot space ideal for a variety of businesses. Currently, 2,500 square feet is immediately available for lease, with potential for expansion up to 5,000 square feet. The building, constructed in 2001, is classified as Class C and features a desirable flex design, encompassing warehouse, distribution, and showroom capabilities. The high ceilings, measuring 16 feet, provide ample vertical space for storage and operations. Convenient loading and unloading is ensured with two dock-high doors and one drive-in door. The property boasts 3-phase 200A 120/240V power, catering to diverse operational needs. Situated in Union County, this property benefits from a strategic location in Monroe, NC, zip code 28110. The multiple tenancy structure allows for flexibility and potential for shared space arrangements. This is a prime opportunity for businesses seeking a functional and well-located industrial space in a thriving area. Inquire today to learn more about leasing options and explore the potential of this versatile property.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2001
Total area
19,800 SF
Lot
2.12 ac (92,521 SF)
Zoning code
LI INDIAN TRAIL
APN
07-048-013M
UPID
US53-1756830
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
-
Great Day Improvements Construction Company General Contractor
-
James Brown Air Conditioning & Heating HVAC Service General Contractor
-
Mattress By Appointment Furniture & Home Goods
-
Barnhardt Landscaping & Design, Inc Landscaping General Contractor
-
Box Babe Gift Co. (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.20M
CAP Approach
CAP
$2.01M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.20M
Owner & transaction history
Scythe Gray Fox LLC · 2 yrs held
Scythe Gray Fox LLC
since 2024
Last sale
$3.2M
4 recorded transactions
Zoning & alternative use
LI INDIAN TRAIL · Monroe, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.6M
+10.3%
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
$3,200,000
ML approach
$3,200,000
CAP Approach
CAP Return
Estimation
6%
$2,175,000
6.5%
$2,005,000
7%
$1,865,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,170,000
Current use
COMMERCIAL (GENERAL)
$4,600,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$3,610,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$3.20M
Range $2.88M – $3.52M · ±10% · vs last sale $3.20M (May 24 2024)
Last sale anchor
$3.20M
May 24 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
$162 / 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
$9,462
Tax year 2023
Assessed value
$999,400
Assessed 2023
Previous assessed
$999,400
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$148,700
Assessed improvement
$850,700
Land market value
$148,700
Improvement market value
$850,700
Total market value
$999,400
Applied tax rate
619.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
2001
Heating
YES
Stories
1
Total area
19,800 SF
Lot
2.12 ac (92,521 SF)
Zoning code
LI INDIAN TRAIL
APN
07-048-013M
UPID
US53-1756830
Jurisdiction
UNION
Zoning & alternative use
LI INDIAN TRAIL · Monroe, NC
Zoning LI INDIAN TRAIL · permitted uses
LI INDIAN TRAIL · 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
INDUSTRIAL (GENERAL) Current
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$4.6M
OFFICE BUILDING
Est. value
$3.6M
INDUSTRIAL (GENERAL) Current
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
2001
Heating
YES
Stories
1
Lot
2.12 ac
Current owner
From public records · entity-resolved
Scythe Gray Fox LLC
Entity
Mailing address
4410 PERKINS AVE, CLEVELAND, OH 44103-3544
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2024
$3,200,000
Scythe Gray Fox LLC
Sago Gray Fox LLC
Special Warranty Deed
$2,075,000 · Genworth Life Insurance Company
Jan 31, 2023
$2,541,500
Sago Gray Fox LLC
J & K Investments LLC
Special Warranty Deed
$2,032,941 · First National Bank Of Central Tx
—
—
J & K Investments LLC
—
Deed Of Trust
related
$590,000 · First Bank & Trust
—
—
J & K Investments LLC
—
Deed Of Trust
related
$950,000 · 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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