Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    5205 Highway 74 W Monroe, NC 28110

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5205 Highway 74 W Monroe, NC 28110

    View on Map
    • Commercial land
    • 910 SF
    • 1.25 lot acres
    For Sale
    $375,000
    View Listing →
    Commercial Acreage For Sale For Sale
    $375,000

    Commercial Acreage For Sale

    Commercial acreage available for sale.

    5205 W Hwy 74, Monroe, NC 28110
    View Listing
    Property ID
    US53-1696396
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 5205 Highway 74 W

    Year built
    1957
    Lot size
    1.25 lot acres
    Property size
    910 SF
    Zone code
    RBD INDIAN TRAIL
    Property type
    Commercial land
    APN
    07-069-032
    APU
    7069032

    Description

    This exceptional 1.25-acre commercial lot presents a remarkable development opportunity in Monroe, North Carolina. Strategically located on heavily trafficked West Highway 74, boasting over 50,000 vehicles daily, this property offers unparalleled visibility for any commercial venture. The lot features 113 feet of prime highway frontage, ensuring maximum exposure to potential customers. Zoned RBD (Regional Business District), this parcel is ready for immediate development. Conveniently situated, water and sewer are readily available on-site, streamlining the construction process and minimizing upfront costs. The asking price is $375,000, translating to a land value of $6.89 per square foot. This represents a compelling investment opportunity given the high traffic volume and desirable location. Furthermore, there's potential to expand your footprint by acquiring adjacent parcels, allowing for significant future growth and development. This property is ideal for a wide range of commercial uses, making it an attractive proposition for savvy investors and developers seeking a high-impact location in a thriving area. The property address is 5205 W Hwy 74, Monroe, NC 28110, within Union County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.6271
    Latitude
    35.0553
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,158
    $375,000
    $0.00
    $375,000
    -
    $375,000
    $0.00
    $375,000

    Comparable in this City

    • Value Estimation by Request
      0.41 Acres

      950 Roosevelt Blvd

      VACANT COMMERCIAL LAND • 0.41 Acres
      950 Roosevelt Blvd, Monroe, NC 28110-3441
      View Details
    • Value Estimation by Request
      0.45 Acres

      Hwy 74th W

      VACANT COMMERCIAL LAND • 0.45 Acres
      Hwy 74th W, Monroe, NC 28110
      View Details
    • Value Estimation by Request
      0.30 Acres

      Mcintyre St

      VACANT COMMERCIAL LAND • 0.30 Acres
      Mcintyre St, Monroe, NC 28110
      View Details
    • Value Estimation by Request
      0.44 Acres

      Morgan Ml Rd

      VACANT COMMERCIAL LAND • 0.44 Acres
      Morgan Ml Rd, Monroe, NC 28110
      View Details
    • Value Estimation by Request
      0.35 Acres

      Myers Rd

      VACANT COMMERCIAL LAND • 0.35 Acres
      Myers Rd, Monroe, NC 28110
      View Details
    • Value Estimation by Request
      0.79 Acres

      Nash St

      VACANT COMMERCIAL LAND • 0.79 Acres
      Nash St, Monroe, NC 28110
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Indian Trail/Monroe Land Opportunity

      2+/- acre land parcel in a sought-after location.
      4919 Myers Rd, Monroe, NC 28110
      View Details
    • Contact for pricing

      Commercial Land on Roosevelt Blvd

      0.64 acres of commercial land with high visibility.
      2000 W Roosevelt Blvd, Monroe, NC 28110
      View Details
    • $3,583,600

      Acreage Near Monroe Expressway

      Acreage available near Unionville Indian Trail Rd and Secrest Short Cut Rd.
      5914 Secrest Shortcut Rd, Monroe, NC 28110
      View Details
    • $297,000

      Commercial Land Near Monroe Expressway

      Zoned for general business, suitable for retail or warehouses.
      Skyway Dr, Monroe, NC 28110
      View Details
    • $200,000

      Prime Commercial Lot in Monroe

      0.75-acre commercial lot, excellent development opportunity in Monroe, NC.
      2930 Old Charlotte Hwy, Monroe, NC 28110
      View Details
    • $615,000
      1.28 Acres

      Commercial Land Near Highway 74

      Commercial property with high traffic, redevelopment potential, and flexible zoning.
      3708 Wesley Chapel Stouts Rd, Monroe, NC 28110
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      2208 W Roosevelt Blvd, Monroe, NC 28110

      Office properties & Spaces
      2208 W Roosevelt Blvd, Monroe, NC 28110
      View Details
    • Contact for pricing
      4,179 SF

      Prime Retail Location For Rent

      Excellent exposure and strong traffic counts in a dense retail corridor.
      2592 West Roosevelt Blvd, Monroe, NC 28110
      View Details
    • Contact for pricing

      Land for Lease in Monroe

      2.21 AC available for ground lease in Monroe, NC.
      1923 Old Charlotte Hwy, Monroe, NC 28110
      View Details
    • Contact for pricing

      Commercial Land on Windmere Drive

      Commercial land parcel zoned for general business in Monroe, NC.
      1818 Windmere Dr, Monroe, NC 28110
      View Details
    • Contact for pricing

      Prime Retail Land for Lease

      Retail land available for ground lease in thriving area.
      West Roosevelt Blvd, Monroe, NC 28110
      View Details
    • Contact for pricing

      Opportunity Zone Land Parcel

      12.76 acres in Monroe, NC, within an Opportunity Zone.
      Morgan Mill Rd, Monroe, NC 28110
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5205 Highway 74 W
    Monroe, NC 28110
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5205 Highway 74 W, Monroe, NC, 28110
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!