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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
409 Franklin St Monroe, NC 28112-5601
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-0234163
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1975
Total area
1,960 SF
Lot
0.31 ac (13,721 SF)
Zoning code
OT MONROE
APN
09-231-048
UPID
US53-0234163
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
-
U-Haul Neighborhood Dealer Car Rental Facility
-
City Express Mart Gas Station
-
Five Points Grocery Grocery & Convenience Store Food Market
-
ATM Atm
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
Ramdut 2 LLC · 2 yrs held
Ramdut 2 LLC
since 2023
Last sale
$310,000
3 recorded transactions
Zoning & alternative use
OT 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
$1,441
Tax year 2023
Assessed value
$132,100
Assessed 2023
Previous assessed
$132,100
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$60,200
Assessed improvement
$71,900
Land market value
$60,200
Improvement market value
$71,900
Total market value
$132,100
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1975
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
1,960 SF
Lot
0.31 ac (13,721 SF)
Zoning code
OT MONROE
APN
09-231-048
UPID
US53-0234163
Jurisdiction
UNION
Zoning & alternative use
OT MONROE · Monroe, NC
Zoning OT MONROE · permitted uses
OT 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
1975
Heating
YES
Cooling
Yes
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Ramdut 2 LLC
Entity
Mailing address
4408 CHAPEL GRV RD, GASTONIA, NC 28052-8180
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2023
$310,000
Ramdut 2 LLC
Zerayacob Habtemariam
Special Warranty Deed
$129,547 · Zerayacob Habtemariam Etal
Nov 3, 2008
$425,000
Zerayacob Habtemariam
Patel,jyotindra B & Mita J
Warranty Deed
$275,000 · Jyotindra B & Mita J Patel
—
—
Delwood Assocs Of Monroe LLC
—
Deed Of Trust
related
$100,000 · American Community Bk & Tr
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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