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Property profile & analytics

402 Patton Ave Monroe, NC 28110-2412

  • Strip malls
  • 10,350 SF
  • 0.98 lot acres
OFF-MARKET
Value Estimations
$365,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US53-0969419
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.

Current Use by Public Records

  • Taqueria Y Mariscos Taxco / Latin American Restaurant / Mexican Restaurant
  • DigitalMint Bitcoin ATM Teller Window / Financial Institution / Currency Exchange Service
  • GMS Cyber Center / Internet Service Provider
  • U-Haul Neighborhood Dealer / Van Rental Agency / Trailer Rental Service
  • Taqueria Monarcas / Mexican Restaurant

Property Details for 402 Patton Ave

Year built
1986
Lot size
0.98 lot acres
Property size
10,350 SF
Zone code
GB MONROE
Property type
Strip malls
Property subtype
Neighborhood centers
APN
09-226-198
APU
9226198

Description

This exceptional commercial property, located at 402 Patton Avenue, offers versatile office space in a high-traffic area of Monroe. Situated within a bustling strip center at a major intersection, this property boasts excellent visibility and accessibility. The space currently totals 1,335 to 2,670 square feet, offering significant flexibility for businesses of varying sizes. The landlord is open to dividing the space to accommodate specific tenant needs, resulting in a potentially higher price per square foot for smaller units. The interior is an open layout, providing ample opportunity for customized design and efficient workflow. A key feature is the inclusion of four bathrooms conveniently located at the rear of the property. This property is ideal for businesses seeking a prominent location with high foot traffic and the potential for customized space configurations. The property type is classified as Retail, Office, and Restaurant, making it suitable for a variety of commercial uses. The tenancy is single, offering exclusive use of the space. This presents a unique opportunity for a business to establish a strong presence in a thriving commercial area. The property's location at one of Monroe's busiest intersections ensures maximum exposure and accessibility for clients and employees.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $360,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $560,000
    Market price range: $493k - $2.29M
    AI Estimate
    $339,000
    Market price range: $340k - $658k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Monroe
County
Union
State
North Carolina
Longitude
-80.5544
Latitude
34.9992
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
$4,319
$78,400
$317,700
$396,100
-
$78,400
$317,700
$396,100
More about this property
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