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Property profile & analytics
OFF-MARKET
Estimated value
$9,105,000
Warehouses
6022 Unionville Brief Rd, Monroe, NC 28110-9412
Individually Owned
1-yr Hold
Free & Clear
Property ID
US53-3696529
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1980
Total area
14,798 SF
Lot
275.87 ac (12,016,767 SF)
Zoning code
LI UNIONVILLE
APN
08-159-003
UPID
US53-3696529
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.11M
Owner & transaction history
Joel J Barham · 1 yrs held
Joel J Barham
since 2024
Last sale
$9.1M
4 recorded transactions
Zoning & alternative use
LI UNIONVILLE · Monroe, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.4M
+524.3%
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 Monroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe 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
$9,105,000
ML approach
$9,105,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,415,000
Change: +524% · Conversion: Difficult
Blend value · Realmo final
$9.11M
Range $8.19M – $10.02M · ±10% · vs last sale $9.11M (Jun 10 2024)
Last sale anchor
$9.11M
Jun 10 2024
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
$615 / 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
$3,534
Tax year 2023
Assessed value
$1,835,700
Assessed 2023
Previous assessed
$1,835,700
+0.0% YoY
Effective rate
0.19%
On assessed value
Assessed land
$1,445,300
Assessed improvement
$390,400
Land market value
$1,445,300
Improvement market value
$390,400
Total market value
$1,835,700
Applied tax rate
981.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Heating
YES
Buildings
5
Stories
1
Total area
14,798 SF
Lot
275.87 ac (12,016,767 SF)
Zoning code
LI UNIONVILLE
APN
08-159-003
UPID
US53-3696529
Jurisdiction
UNION
Zoning & alternative use
LI UNIONVILLE · Monroe, NC
Zoning LI UNIONVILLE · permitted uses
LI UNIONVILLE · Monroe, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monroe. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.4M
APARTMENT HOUSE (5+ UNITS)
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
1980
Heating
YES
Stories
1
Buildings
5
Lot
275.87 ac
Current owner
From public records · entity-resolved
Joel J Barham
Individual
Free & Clear · 1 yrs held
Mailing address
6301 UNIONVILLE BRIEF RD, MONROE, NC 28110-9415
Ownership since
2024
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
Dec 31, 2024
—
Joel J Barham
Griffin Real Estate LLC
Deed
—
Jun 10, 2024
$9,106,000
Joel J Barham
Griffin Real Estate LLC
Warranty Deed
—
Jun 10, 2024
—
Patricia Carol Griffin Arrowood
Griffin Real Estate LLC
Warranty Deed
—
Aug 4, 2004
—
Elbert C Griffin
Griffin Real Estate LLC
Quit Claim Deed
related
—
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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