Property profile

510 Morgan Ml Rd Monroe, NC 28110

OFF-MARKET
Commercial real estate
Property ID
US53-1795047
9,000 SF 2.24 ac lot Built 1980
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 9,507 square foot retail property, located at 510 Morgan Mill Road in Monroe, North Carolina, presents a lucrative investment opportunity. The property, built in 1980 and extensively renovated in 2022, boasts a single-story building situated on a 2.24-acre lot, completely fenced for enhanced security and ample storage. Currently operating as a thriving, owner-occupied auto sales and auto body shop, the property features two units: a 1,972.2 square foot office building with a breakroom, and a 7,590 square foot climate-controlled warehouse/shop space equipped with two drive-in bay doors. The property benefits from high visibility and convenient access to US Highway 74 and downtown Monroe, surrounded by numerous amenities including restaurants, hotels, and gas stations. Zoned GB (General Business), this versatile property is ideal for a variety of uses, including retail, auto repair, auto sales, or commercial vehicle parking. The property is 100% occupied and offers significant potential for future growth. The asking price is $1,499,000. Parcel ID: 09189014A.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1980
Total area 9,000 SF
Lot 2.24 ac (97,618 SF)
Zoning code GB MONROE
APN 09-189-014A
UPID US53-1795047

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
  • Car Dealership

Location

510 Morgan Ml Rd Monroe, NC 28110-3568
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
$1.13M
Blend (final) Blend
$520k

Owner & transaction history

since 2025
Last sale
$1.2M
5 recorded transactions
2025
Price N/A
2025
$1.2M
2022
$710,000
2013
$192,000
1969
Price N/A

Zoning & alternative use

GB 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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