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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Distribution properties
2826 Top Hl Rd Monroe, NC 28110-9310
Entity Owned
Free & Clear
Property ID
US53-0063426
Property profile
Verified
Property type
Distribution properties
Use group
BUS TERMINAL
Year built
1989
Total area
43,320 SF
Lot
5.37 ac (234,048 SF)
Zoning code
LI INDIAN TRAIL
APN
07-048-013C
UPID
US53-0063426
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
-
Keywell Metals LLC Metal Fabrication Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$880k
Owner & transaction history
Spp Tophill LLC
Spp Tophill LLC
since 2025
3 recorded transactions
Zoning & alternative use
LI INDIAN TRAIL · 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
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$880k
Range $792k – $968k · ±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
$20 / 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
$9,973
Tax year 2023
Assessed value
$1,017,100
Assessed 2023
Previous assessed
$926,400
+9.8% YoY
Effective rate
0.98%
On assessed value
Assessed land
$336,100
Assessed improvement
$681,000
Land market value
$336,100
Improvement market value
$681,000
Total market value
$1,017,100
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
Distribution properties
Use group
BUS TERMINAL
Status
Off-Market
Year built
1989
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
43,320 SF
Lot
5.37 ac (234,048 SF)
Zoning code
LI INDIAN TRAIL
APN
07-048-013C
UPID
US53-0063426
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.
Building & site characteristics
From public records
Year built
1989
Heating
YES
Cooling
Yes
Stories
1
Lot
5.37 ac
Current owner
From public records · entity-resolved
Spp Tophill LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 748, MONROE, NC 28111-0748
Ownership since
2025
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
Jul 22, 2025
—
Spp Tophill LLC
Ty Par Realty INC
Warranty Deed
—
Jul 22, 2025
$1,725,000
Spp Tophill LLC
Ty Par Realty INC
Special Warranty Deed
$1,220,000 · Carter Bank & Trust
Feb 12, 2007
$900,000
Ty-par Realty INC
Goldman Family Ptshp
Warranty Deed
$400,000 · Goldman Family Ptshp
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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