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Property profile & analytics
OFF-MARKET
Warehouses
35 Monroe St, Thomasville, NC 27360-3575
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-0058207
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,010 SF
Lot
1.53 ac (66,647 SF)
Zoning code
M1
APN
16-104-0-00A-0004
UPID
US53-0058207
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Thomas Lovell · 1 yrs held
Thomas Lovell
since 2024
Last sale
$380,000
7 recorded transactions
Zoning & alternative use
M1 · Thomasville, 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 Thomasville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thomasville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,772
Tax year 2023
Assessed value
$278,340
Assessed 2023
Previous assessed
$278,340
+0.0% YoY
Effective rate
1.36%
On assessed value
Land market value
$53,320
Improvement market value
$225,020
Total market value
$278,340
Applied tax rate
16.0000
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
NONE
Buildings
6
Stories
2
Bathrooms
1
Total area
31,010 SF
Lot
1.53 ac (66,647 SF)
Zoning code
M1
APN
16-104-0-00A-0004
UPID
US53-0058207
Jurisdiction
DAVIDSON
Zoning & alternative use
M1 · Thomasville, NC
Zoning M1 · permitted uses
M1 · Thomasville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Thomasville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
Yes
Stories
2
Buildings
6
Bathrooms
1
Lot
1.53 ac
Current owner
From public records · entity-resolved
Thomas Lovell
Individual
Mailing address
35 MONROE ST, THOMASVILLE, NC 27360-3575
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2024
$380,000
Thomas Lovell
San Andres Luxury Cabinets LLC
Warranty Deed
—
Dec 15, 2023
$100,000
San Andres Luxury Cabinets LLC
35 Monroe Street LLC
Warranty Deed
—
May 27, 2021
—
35 Monroe Street LLC
—
Deed
related
$1,350,000 · William Marshall Trawick JR
Jan 22, 2020
$35,000
35 Monroe Street LLC
Michael Evans
Warranty Deed
—
Sep 7, 2018
$5,600
Michael Evans
Sheriff Of Davidson County|floyd,richard T
Trustees Deed
related
—
Jul 13, 2011
$16,500
Richard T Floyd
Schwarz & Schwarz LLC
Grant Deed
—
Jan 28, 2010
$325,100
Owner Name Unavailable
Owner Name Unavailable
Deed In Lieu Of Foreclosure
related
—
Feb 9, 2007
$325,000
Woodford Holdings INC
Schwarz & Schwarz INC
Warranty Deed
$325,000 · Big Brother Bail Bonds
—
—
Schwarz & Schwarz INC
—
Deed Of Trust
related
$2,000,000 · Randolph Bank & Trust Co
—
—
S & S Holdings LLC
—
Deed Of Trust
related
$2,000,000 · Randolph Bank & Trust Co
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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