Property profile

407 Sutherland Ave Monroe, NC 28112

OFF-MARKET
Commercial land
Property ID
US53-5588766
16,906 SF 1.08 ac lot Built 1940
Individually Owned 18-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1940
Total area 16,906 SF
Lot 1.08 ac (47,088 SF)
Zoning code CD MONROE
APN 09-194-141
UPID US53-5588766

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

407 Sutherland Ave Monroe, NC 28112-5059
Monroe metro Census 20602 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$688k
Blend (final) Blend
$635k

Owner & transaction history

since 2008
6 recorded transactions
2008
$385,000
2005
$163,000
2004
$163,000
2003
$111,500
2002
$138,500
2002
$195,000

Zoning & alternative use

CD MONROE · Monroe, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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