3748 Monroe Rd Charlotte, NC 28205-7736
Property profile & analytics
3748 Monroe Rd Charlotte, NC 28205-7736
- Retail space
- 3,679 SF
- 0.21 lot acres
Property ID
US53-5073904
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 3748 Monroe Rd
- Year built
- 1940
- Lot size
- 0.21 lot acres
- Property size
- 3,679 SF
- Zone code
- I-2
- Property type
- Retail space
- APN
- 15904905
- APU
- 15904905
Description
This 3,679 square foot medical office building, located at 3748 Monroe Road in Charlotte, North Carolina, presents a unique opportunity for a single tenant. Built in 1940, the property sits on a parcel identified by APN 159-049-05 in Mecklenburg County and is zoned ML-2. The entire building is currently vacant and ready for immediate occupancy. Its strategic location along Monroe Road offers excellent visibility and accessibility within a dynamic area experiencing significant growth, surrounded by a mix of retail, residential, and mixed-use developments. The property is ideally suited for a variety of uses, including retail, office, food and beverage establishments, or medical offices. Ample parking is available on-site. The property's single-tenant occupancy simplifies management and provides a cohesive environment for a single business. This presents a rare chance to establish a presence in a thriving Charlotte neighborhood. The property's versatile zoning and convenient location make it an attractive investment for businesses seeking a prominent position in a high-growth area. The building's existing infrastructure provides a solid foundation for immediate operation, minimizing upfront investment costs.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,150,000
- ML approach
- $1,150,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,025,000
- 6.5%
- $950,000
- 7%
- $880,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,000,000 Current use
- MEDICAL BUILDING
- $1,485,000 Change: +48% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,100,000 Change: +10% Conversion: Moderate
- OFFICE BUILDING
- $965,000 Change: -4% Conversion: Easy
- AUTO REPAIR, GARAGE
- $960,000 Change: -4% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.7954
- Latitude
- 35.1989
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,187
$285,100
$149,400
$434,500
-
$285,100
$149,400
$434,500
