Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5614 Cannon Dr Monroe, NC 28110-9139

    • Industrial properties
    • 4,000 SF
    • 0.89 lot acres
    OFF-MARKET
    Last Sale
    Nov 20, 2023
    $425,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2210225
    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.

    Current Use by Public Records

    • Industrial properties

    Property Details for 5614 Cannon Dr

    Year built
    2001
    Lot size
    0.89 lot acres
    Property size
    4,000 SF
    Zone code
    RBD INDIAN TRAIL
    Property type
    Industrial properties
    APN
    07-069-210
    APU
    7069210

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.6298
    Latitude
    35.0626
    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
    $2,158
    $79,700
    $152,400
    $232,100
    -
    $79,700
    $152,400
    $232,100

    Comparable in this City

    • Value Estimation by Request
      0.28 Acres

      Old Charlotte Hwy

      INDUSTRIAL (GENERAL) • 0.28 Acres
      Old Charlotte Hwy, Monroe, NC 28110
      View Details
    • Value Estimation by Request
      0.50 Acres

      Monroe, NC 28110

      INDUSTRIAL (GENERAL) • 0.50 Acres
      Monroe, NC 28110
      View Details
    • Value Estimation by Request
      1.95 Acres

      1310 Airport Rd

      INDUSTRIAL (GENERAL) • 1.95 Acres
      1310 Airport Rd, Monroe, NC 28110-7390
      View Details
    • Value Estimation by Request
      5,000 SF

      Goldmine Rd

      Flex space • 5,000 SF
      0 Goldmine Rd, Monroe, NC 28110
      View Details
    • Value Estimation
      $695,000
      13.13 Acres

      2803 Bravo Pl

      INDUSTRIAL (GENERAL) • 13.13 Acres
      2803 Bravo Pl, Monroe, NC 28110-3901
      View Details
    • Value Estimation by Request
      5,000 SF

      2839 Gray Fox Rd

      INDUSTRIAL (GENERAL) • 5,000 SF
      2839 Gray Fox Rd, Monroe, NC 28110-6405
      View Details

    Similar Nearby for Sale

    • $750,000
      3.67 Acres

      Monroe Industrial Land - $750K

      3.67-acre heavy industrial lot, build-to-suit ready.
      3000 Stitt St, Monroe, NC 28110
      View Details
    • Contact for pricing
      55.96 Acres

      Monroe Industrial Land - 56 Acres

      Prime industrial land, Union County, NC.
      1912 Stafford Street Ext, Monroe, NC 28110
      View Details
    • $3,050,000
      18,000 SF

      Functional Industrial Facility For Sale

      18,000 SF facility ideal for owner-users or investors.
      3213 Westwood Industrial Dr, Monroe, NC 28110
      View Details
    • New
      $800,000
      4,400 SF

      Warehouse, Office & Flex Space

      Union County commercial property with warehouse, office, and flex space.
      5610 Morgan Mill Rd, Monroe, NC 28110
      View Details
    • $2,300,000
      5.17 Acres

      Downtown Investment Opportunity in Monroe

      Unique downtown property with potential for various uses.
      601 N Charlotte Ave, Monroe, NC 28110
      View Details
    • $4,950,000

      Monroe Warehouse Property For Sale

      64,544 SF warehouse on 13.13 acres in Monroe, NC.
      2803 Bravo Pl, Monroe, NC 28110
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,800 SF

      Industrial Space for Lease

      Industrial property available for lease in Monroe, NC.
      2805 Walkup Ave, Monroe, NC 28110
      View Details
    • $16 SF/Yr
      3,000 SF

      Industrial Space Available For Lease

      3,000 square feet of industrial space for rent.
      4820 Starcrest Dr, Monroe, NC 28110
      View Details
    • Contact for pricing
      23,500 SF

      Monroe Industrial Complex for Lease

      23,500 SF industrial complex on 7.07 acres for lease.
      4519 Old Charlotte Hwy, Monroe, NC 28110
      View Details
    • Contact for pricing
      199,640 SF

      Monroe Warehouse Space Available

      199,640 SF warehouse with 36' clear height for lease.
      Morgan Mill Rd, Monroe, NC 28110
      View Details
    • Contact for pricing
      4,000 SF

      Monroe Warehouse Space Available

      Industrial warehouse space for rent in Monroe, North Carolina.
      3904 Sardis Church Rd, Monroe, NC 28110
      View Details
    • $16 SF/Yr
      4,000 SF

      Industrial Space Near Highway 74

      2,000-4,000 SF industrial space for lease near Hwy 74.
      5923 Stockbridge Dr, Monroe, NC 28110
      View Details
    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.
    5614 Cannon Dr
    Monroe, NC 28110-9139
    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

    Google sign-in failed. Please try again or use another login method.