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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Medical Office Space
2814 Gray Fox Rd Monroe, NC 28110-8422
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US53-3478812
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Total area
6,700 SF
Lot
1.6 ac (69,696 SF)
Zoning code
LI INDIAN TRAIL
APN
07-048-013Q
UPID
US53-3478812
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
-
gray fox children's care Tutoring Service Training Center
-
Tiffany Halawi Physician
-
Jennifer Gottlieb Physician
-
Eulonda Williams Physician
-
Kirstin Smyth Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$791k
Blend (final)
Blend
$850k
Owner & transaction history
Ped Blvd LLC · 15 yrs held
Ped Blvd LLC
since 2010
7 recorded transactions
Zoning & alternative use
LI INDIAN TRAIL · Monroe, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
monroe udo
Top alternative use upside
Commercial (general)
$975,000
+43.3%
Office building
$945,000
+39.0%
Restaurant
$805,000
+18.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$680,000
Current use
COMMERCIAL (GENERAL)
$975,000
Change: +43% · Conversion: Easy
OFFICE BUILDING
$945,000
Change: +39% · Conversion: Easy
RESTAURANT
$805,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$660,000
Change: -3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$585,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$850k
Range $765k – $935k · ±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
$127 / 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
$9,063
Tax year 2023
Assessed value
$1,034,500
Assessed 2023
Previous assessed
$1,034,500
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$112,000
Assessed improvement
$922,500
Land market value
$112,000
Improvement market value
$922,500
Total market value
$1,034,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2011
Heating
NONE
Stories
1
Total area
6,700 SF
Lot
1.6 ac (69,696 SF)
Zoning code
LI INDIAN TRAIL
APN
07-048-013Q
UPID
US53-3478812
Jurisdiction
UNION
Zoning & alternative use
LI INDIAN TRAIL · Monroe, NCZoning 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
Source
monroe udo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$680,000
COMMERCIAL (GENERAL)
Est. value
$975,000
OFFICE BUILDING
Est. value
$945,000
RESTAURANT
Est. value
$805,000
RETAIL STORES
Est. value
$660,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$585,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2011
Heating
NONE
Stories
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Ped Blvd LLC
Entity
Mailing address
2814 GRAY FOX RD, MONROE, NC 28110-8422
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2017
—
Ped Blvd LLC
—
Deed
related
$405,000 · First Citizens Bk
Nov 29, 2010
—
Ped Blvd LLC
Laguerre,jacques & Toinette
Warranty Deed
$451,000 · First Citizens Bank & Trust Co
Nov 10, 2010
—
Toinette Laguerre
Industrial Ventures
Warranty Deed
related
—
Feb 24, 2010
—
Ped Blvd LLC
Laguerre,jacques & Toinette
Warranty Deed
related
—
Sep 4, 2009
$60,500
Toinette Laguerre
Helder,jake C SR & Cynthia P
Warranty Deed
$48,000 · Jake C & Cynthia P Helder
—
—
Ped Blvd LLC
—
Deed Of Trust
related
$366,000 · Centralina Development Corp
—
—
Ped Blvd LLC
—
Deed Of Trust
related
$405,000 · First Citizens Bk
—
—
Ped Blvd LLC
—
Deed Of Trust
related
$405,000 · First Citizens 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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