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Property profile & analytics
OFF-MARKET
Estimated value
$2,405,000
Retail space
4335 Monroe Rd Charlotte, NC 28205-7711
Entity Owned
~
Est. High Equity
Property ID
US53-1945276
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2019
Total area
12,178 SF
Lot
0.76 ac (33,228 SF)
Zoning code
UR-2(CD)
APN
15906116
UPID
US53-1945276
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
-
Lighting & Bulbs Unlimited Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.14M
Comparable Approach
Comparable
$2.84M
Blend (final)
Blend
$2.41M
Owner & transaction history
4335 Monroe Road LLC
4335 Monroe Road LLC
since 2026
Last sale
$2.4M
4 recorded transactions
Zoning & alternative use
UR-2(CD) · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to promote maximum opportunities for moderate density residential development, this conditional district allow for the establishment of certain uses, which, because of their nature or scale, have particular impacts on both the immediate area and the community as a whole
Zone name
Urban Residential 2 Conditional Zoning District
General category
RESIDENTIAL
Zone area
1,900.54 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$3.6M
+9.8%
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 Charlotte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charlotte 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,400,000
6.5%
$3,135,000
7%
$2,915,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,315,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,640,000
Change: +10% · Conversion: Moderate
OFFICE BUILDING
$3,195,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,175,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$2.41M
Range $2.16M – $2.65M · ±10% · vs last sale $2.40M (Jan 7 2026)
Last sale anchor
$2.40M
Jan 7 2026
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$197 / SF
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
$16,804
Tax year 2023
Assessed value
$2,290,900
Assessed 2024
Previous assessed
$2,370,400
-3.4% YoY
Effective rate
0.73%
On assessed value
Assessed land
$852,100
Assessed improvement
$1,438,800
Land market value
$852,100
Improvement market value
$1,438,800
Total market value
$2,290,900
Applied tax rate
8.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2019
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Rooms
5
Total area
12,178 SF
Lot
0.76 ac (33,228 SF)
Zoning code
UR-2(CD)
APN
15906116
UPID
US53-1945276
Jurisdiction
MECKLENBURG
Zoning & alternative use
UR-2(CD) · Charlotte, NCZoning UR-2(CD) · permitted uses
UR-2(CD) · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this district is to promote maximum opportunities for moderate density residential development, this conditional district allow for the establishment of certain uses, which, because of their nature or scale, have particular impacts on both the immediate area and the community as a whole
Zone name
Urban Residential 2 Conditional Zoning District
General category
RESIDENTIAL
Zone area
1,900.54 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2019
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
5
Lot
0.76 ac
Current owner
From public records · entity-resolved
4335 Monroe Road LLC
Entity
Mailing address
PO BOX 1499, INDIAN TRAIL, NC 28079-1499
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2026
$2,400,000
4335 Monroe Road LLC
Ultimate USA Real Estate INC
Warranty Deed
$2,043,000 · The Fidelity Bank
Aug 15, 2017
$210,000
Ultimate USA Real Estate INC
Garage Door Doctor Charlottee
Warranty Deed
—
Apr 17, 2014
$98,000
Door Doctor Charlotte L Garage
4335 Mrd LLC
Warranty Deed
—
May 10, 2006
—
4335 Mrd LLC
Watts,charles D & Nancy J
Warranty Deed
—
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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