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Property profile & analytics
OFF-MARKET
Estimated value
$11,520,000
Warehouses
3414 Wesley Chapel Stouts Rd Monroe, NC 28110-7945
Entity Owned
13-yr Hold
Free & Clear
Property ID
US53-1850054
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Total area
100,000 SF
Lot
35.54 ac (1,548,253 SF)
Zoning code
RBD INDIAN TRAIL
APN
07-069-013
UPID
US53-1850054
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
-
Berry Global Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.12M
Comparable Approach
Comparable
$13.85M
Blend (final)
Blend
$11.52M
Owner & transaction history
Berry Plastics Corp · 13 yrs held
Berry Plastics Corp
since 2013
6 recorded transactions
Zoning & alternative use
RBD INDIAN TRAIL · Monroe, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$18.2M
+100.2%
Auto repair, garage
$15.8M
+73.9%
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%
$14,215,000
6.5%
$13,120,000
7%
$12,180,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,110,000
Current use
OFFICE BUILDING
$18,235,000
Change: +100% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,840,000
Change: +74% · Conversion: Easy
Blend value · Realmo final
$11.52M
Range $10.37M – $12.67M · ±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
$115 / 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
$69,193
Tax year 2023
Assessed value
$7,619,400
Assessed 2023
Previous assessed
$7,619,400
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$2,532,400
Assessed improvement
$5,087,000
Land market value
$2,532,400
Improvement market value
$5,087,000
Total market value
$7,619,400
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
100,000 SF
Lot
35.54 ac (1,548,253 SF)
Zoning code
RBD INDIAN TRAIL
APN
07-069-013
UPID
US53-1850054
Jurisdiction
UNION
Zoning & alternative use
RBD INDIAN TRAIL · Monroe, NC
Zoning RBD INDIAN TRAIL · permitted uses
RBD 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
WAREHOUSE, STORAGE Current
Est. value
$9.1M
OFFICE BUILDING
Est. value
$18.2M
AUTO REPAIR, GARAGE
Est. value
$15.8M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1998
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
35.54 ac
Current owner
From public records · entity-resolved
Berry Plastics Corp
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 959, EVANSVILLE, IN 47706-0959
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2013
—
Berry Plastics Corp
—
Loan Modification
related
—
Sep 20, 2011
—
Berry Plastics Corp
—
Deed Of Trust
related
$650,000,000 · Bank Of America
Feb 15, 2011
—
Berry Plastics Corp
—
Deed Of Trust
related
$525,000,000 · Us Bank NA
Mar 23, 2010
—
Berry Plastics Corp
—
Deed Of Trust
related
$500,000,000 · Credit Suisse Ag
Jun 27, 2005
—
Berry Tri-plas Corp
—
Deed Of Trust
related
$50,000,000 · Deutsche Bank Trust Co America
—
—
Berry Plastics Corp
—
Loan Modification
related
—
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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