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    Property profile & analytics

    5912 Monroe Rd Charlotte, NC 28212-6149

    • Garden apartment buildings
    • 5,984 SF
    • 14.03 lot acres
    OFF-MARKET
    Value Estimation
    $19,600,000
    Last Sale
    Sep 23, 2020
    $17,350,000
    Location Intelligence
    Property ID
    US53-5809618
    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

    • Garden apartment buildings

    Property Details for 5912 Monroe Rd

    Year built
    1972
    Lot size
    14.03 lot acres
    Property size
    5,984 SF
    Zone code
    R17MF
    Property type
    Garden apartment buildings
    APN
    16305129
    APU
    16305129

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $20,090,000

    • CAP approach

      CAP return
      Estimation
      6%
      $16,925,000
      6.5%
      $17,060,000
      7%
      $16,955,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $18,985,000
      Geo Method
      $18,025,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $19,120,000
      Retail
      $18,215,000
      Mixed-Use
      $16,860,000
      Hospitality
      $17,015,000
      Educational
      $18,440,000
      Residential Income
      $19,100,000
      Energy
      $17,415,000
      Income-Based Land
      $15,720,000
      Food Service
      $16,965,000

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7657
    Latitude
    35.1847
    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
    $182,830
    $6,277,400
    $18,648,300
    $24,925,700
    -
    $6,277,400
    $18,648,300
    $24,925,700

    Comparable in this City

    • Value Estimation by Request
      6,014 SF

      5601 Farm Pond Ln

      GARDEN APT, COURT APT (5+ UNITS) • 6,014 SF
      5601 Farm Pond Ln, Charlotte, NC 28212-8874
      View Details
    • Value Estimation by Request
      5,824 SF

      6511 4th Winds Dr

      GARDEN APT, COURT APT (5+ UNITS) • 5,824 SF
      6511 4th Winds Dr, Charlotte, NC 28212-2936
      View Details
    • Value Estimation
      $275,000
      4,224 SF

      1700 Vlg Lk Dr

      GARDEN APT, COURT APT (5+ UNITS) • 4,224 SF
      1700 Vlg Lk Dr, Charlotte, NC 28212-7841
      View Details
    • Value Estimation
      $370,000
      2,929 SF

      3101 Girard Ct

      GARDEN APT, COURT APT (5+ UNITS) • 2,929 SF
      3101 Girard Ct, Charlotte, NC 28212-2654
      View Details
    • Value Estimation
      $390,000
      2,929 SF

      3100 Girard Ct

      GARDEN APT, COURT APT (5+ UNITS) • 2,929 SF
      3100 Girard Ct, Charlotte, NC 28212-2649
      View Details
    • Value Estimation by Request
      15,504 SF

      6832 English Hls Dr

      GARDEN APT, COURT APT (5+ UNITS) • 15,504 SF
      6832 English Hls Dr, Charlotte, NC 28212-7968
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

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      View Details
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    Charlotte, NC 28212-6149
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    Realmo Value Estimation

    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.

    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.

    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
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