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Property profile & analytics
OFF-MARKET
Drug stores
400 Roosevelt Blvd Monroe, NC 28112
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1891714
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2009
Total area
14,736 SF
Lot
2.03 ac (88,253 SF)
Zoning code
CD MONROE
APN
09-194-138
UPID
US53-1891714
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
-
Dairy Queen Grill & Chill Restaurant Take-out & Catering
-
Rite Aid Photo (Bike/Boat/Book/etc) Store
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
Lunarossa LLC · 4 yrs held
Lunarossa LLC
since 2022
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
CD MONROE · 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
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
$32,632
Tax year 2023
Assessed value
$2,992,400
Assessed 2023
Previous assessed
$2,992,400
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,448,600
Assessed improvement
$1,543,800
Land market value
$1,448,600
Improvement market value
$1,543,800
Total market value
$2,992,400
Applied tax rate
200.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2009
Heating
YES
Stories
1
Total area
14,736 SF
Lot
2.03 ac (88,253 SF)
Zoning code
CD MONROE
APN
09-194-138
UPID
US53-1891714
Jurisdiction
UNION
Zoning & alternative use
CD MONROE · Monroe, NC
Zoning CD MONROE · permitted uses
CD MONROE · 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
2009
Heating
YES
Stories
1
Lot
2.03 ac
Current owner
From public records · entity-resolved
Lunarossa LLC
Entity
Mailing address
945 FRNT ST, NOVATO, CA 94945-3207
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2022
$8,475,000
Lunarossa LLC
Dawn Berit Graham
Special Warranty Deed
$3,875,000 · Capstar Bank
Oct 15, 2021
—
Dawn Berit Graham
Fancy Cowgirl LLC
Special Warranty Deed
—
Jun 13, 2018
—
Grossman Family Trust
Grossman,isaac & Berta
Quitclaim Deed
related
—
Nov 20, 2017
—
Bowlsbey Farm Girls LLC
Sutherland Southstar LLC
Quit Claim Deed
related
—
Nov 20, 2017
$8,374,000
Bowlsbey Farm Girls LLC
Sutherland Southstar LLC
Grant Deed
—
Jan 25, 2008
$780,000
Sutherland Southstar LLC
Weiner,richard
Warranty Deed
—
Jan 24, 2008
—
Sutherland Southstar LLC
—
Trustees Deed
related
$780,000 · Richard N Weiner
Nov 9, 1999
—
Richard Weiner
Weiner,jacquelin
Quit Claim Deed
related
—
—
—
Sutherland Southstar LLC
—
Deed Of Trust
related
$5,220,000 · Hometrust 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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