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Property profile & analytics
OFF-MARKET
Estimated value
$7,410,000
Warehouses
3412 Monroe Rd Charlotte, NC 28205-7730
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-5751359
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Total area
103,742 SF
Lot
6.53 ac (284,403 SF)
Zoning code
I2
APN
15903105
UPID
US53-5751359
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
-
Carolina Weddings & Events Event Planning Wedding Service
-
Blinds Over Charlotte (Bike/Boat/Book/etc) Store Home Decor Store
-
Zia Pia imports Warehouse & Storage
-
Atlantic Business Storage, Office & RV Parking Storage Facility
-
Brian mills Wood Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.21M
Blend (final)
Blend
$7.41M
Owner & transaction history
3412 Monroe Road Partners LLC · 5 yrs held
3412 Monroe Road Partners LLC
since 2020
Last sale
$6.7M
7 recorded transactions
Zoning & alternative use
I2 · Charlotte, 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 Charlotte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charlotte 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
$7,700,000
ML approach
$7,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.41M
Range $6.67M – $8.15M · ±10% · vs last sale $6.65M (Dec 10 2020)
Last sale anchor
$6.65M
Dec 10 2020
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
$71 / 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
$46,973
Tax year 2023
Assessed value
$6,404,000
Assessed 2024
Previous assessed
$6,692,600
-4.3% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,367,900
Assessed improvement
$4,036,100
Land market value
$2,367,900
Improvement market value
$4,036,100
Total market value
$6,404,000
Applied tax rate
8.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1950
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
1
Total area
103,742 SF
Lot
6.53 ac (284,403 SF)
Zoning code
I2
APN
15903105
UPID
US53-5751359
Jurisdiction
MECKLENBURG
Zoning & alternative use
I2 · Charlotte, NCZoning I2 · permitted uses
I2 · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1950
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Lot
6.53 ac
Current owner
From public records · entity-resolved
3412 Monroe Road Partners LLC
Entity
Mailing address
3916 PARKWOOD SCHOOL RD, MONROE, NC 28112-7547
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2020
$6,650,000
3412 Monroe Road Partners LLC
Bin Mr3412 LLC
Special Warranty Deed
$5,220,000 · First Bank
Feb 13, 2020
—
Bin-mr3412 LLC
Wayne & Dan LLC
Grant Deed
—
Feb 13, 2020
$5,500,000
Bin-mr3412 LLC
Wayne & Dan LLC
Grant Deed
—
Jan 14, 2019
—
Wayne & Dan LLC
—
Deed
related
$2,105,000 · Paragon Bk
Mar 20, 2018
—
Wayne & Dan LLC
—
Grant Deed
related
$5,526,151 · Paragon Bk
Jul 15, 2016
—
Wayne And Dan LLC
—
Deed
related
—
Dec 16, 2004
$3,000,000
Wayne & Dan LLC
Greenline Corp
Warranty Deed
$2,275,000 · Greenline Corp
—
—
Wayne & Dan LLC
—
Deed Of Trust
related
$2,400,000 · Wachovia Bank NA
—
—
Wayne & Dan LLC
—
Loan Modification
related
—
—
—
Wayne & Dan LLC
—
Loan Modification
related
$2,105,000 · Paragon 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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