Property profile

421 Franklin St Monroe, NC 28112

OFF-MARKET
Strip malls
Property ID
US53-1738932
18,000 SF 1.2 ac lot Built 1960
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1960
Total area 18,000 SF
Lot 1.2 ac (52,272 SF)
Zoning code OT MONROE
APN 09-231-051
UPID US53-1738932

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Discount Store (Bike/Boat/Book/etc) Store

Location

421 Franklin St Monroe, NC 28112-5601
Monroe metro Census 20602 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$760k
CAP Approach CAP
by Request
Comparable Approach Comparable
$881k
Blend (final) Blend
$855k

Owner & transaction history

since 2021
Last sale
$743,000
2 recorded transactions
2021
$743,000
2013
$340,000

Zoning & alternative use

OT 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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