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Property profile & analytics
OFF-MARKET
Warehouses
605 Broome St, Monroe, NC 28110-3959
Individually Owned
1-yr Hold
Free & Clear
Property ID
US53-0740920
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1987
Total area
6,250 SF
Lot
0.58 ac (25,178 SF)
Zoning code
G-I MONROE
APN
09-112-012
UPID
US53-0740920
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
Current use
Occupant on record · Public records
-
Mixer Manufacturing 2000 Building Supply
-
Atlantic Paper Industrial Manufacturer Production Facility
-
Pole Night Distributing Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Solis Huerta Hugoberto · 1 yrs held
Solis Huerta Hugoberto
since 2025
Last sale
$500
7 recorded transactions
Zoning & alternative use
G-I MONROE · Monroe, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,094
Tax year 2023
Assessed value
$192,000
Assessed 2023
Previous assessed
$103,500
+85.5% YoY
Effective rate
1.09%
On assessed value
Assessed land
$18,500
Assessed improvement
$173,500
Land market value
$18,500
Improvement market value
$173,500
Total market value
$192,000
Applied tax rate
200.0000
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
1987
Heating
YES
Stories
1
Total area
6,250 SF
Lot
0.58 ac (25,178 SF)
Zoning code
G-I MONROE
APN
09-112-012
UPID
US53-0740920
Jurisdiction
UNION
Zoning & alternative use
G-I MONROE · Monroe, NC
Zoning G-I MONROE · permitted uses
G-I MONROE · 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.
Building & site characteristics
From public records
Year built
1987
Heating
YES
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Solis Huerta Hugoberto
Individual
Free & Clear · 1 yrs held
Mailing address
6505 CRANBORNE CHASE CT, CHARLOTTE, NC 28210-4792
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2025
$500
Solis Huerta Hugoberto
John Karagounis
Warranty Deed
—
Aug 2, 2024
$610,000
D Holdings LLC
485 Management LLC
Special Warranty Deed
$518,000 · Pinnacle Bank
Jan 25, 2021
$245,000
485 Management LLC
Sominca LLC
Grant Deed
—
Aug 30, 2017
—
Karagounis Investments LLC
Karagounis,john & Olga-maria
Quit Claim Deed
related
—
Jun 27, 2016
$218,000
John Karagounis
Crowder,gregory N & Louanne W
Warranty Deed
—
Mar 14, 2003
$125,000
Gregory N Crowder
Union Warehouse
Grant Deed
—
Jan 11, 2001
—
Warehouse Developers Union
Walters,clayton
Grant 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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