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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
High-rise multifamily apartments
708 Cotton St Monroe, NC 28112-5975
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1450934
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1989
Construction
WOOD
Total area
4,200 SF
Lot
2.89 ac (125,888 SF)
Zoning code
R-MF MONROE
APN
09-195-024
UPID
US53-1450934
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
by Request
CAP Approach
CAP
$530k
Comparable Approach
Comparable
$715k
Blend (final)
Blend
$515k
Owner & transaction history
Cotton Street LLC · 1 yrs held
Cotton Street LLC
since 2024
7 recorded transactions
Zoning & alternative use
R-MF 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$575,000
6.5%
$530,000
7%
$490,000
Blend value · Realmo final
$515k
Range $464k – $567k · ±10%
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
$123 / 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
$8,855
Tax year 2023
Assessed value
$812,000
Assessed 2023
Previous assessed
$812,000
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$92,500
Assessed improvement
$719,500
Land market value
$92,500
Improvement market value
$719,500
Total market value
$812,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
YES
Buildings
5
Stories
1
Bathrooms
1
Total area
4,200 SF
Lot
2.89 ac (125,888 SF)
Zoning code
R-MF MONROE
APN
09-195-024
UPID
US53-1450934
Jurisdiction
UNION
Zoning & alternative use
R-MF MONROE · Monroe, NC
Zoning R-MF MONROE · permitted uses
R-MF 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
1989
Construction
WOOD
Heating
YES
Stories
1
Buildings
5
Bathrooms
1
Lot
2.89 ac
Current owner
From public records · entity-resolved
Cotton Street LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2137 N SHARON AMITY RD, CHARLOTTE, NC 28205-7452
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2025
—
Cotton Street LLC
—
Deed
related
$1,900,000 · Pinnacle Bank
Sep 30, 2024
—
Cotton Street LLC
Thomas R Simpson
Correction Deed
related
—
Jan 8, 2024
—
Cotton Exchange LLC
Thomas R Simpson
Warranty Deed
—
Sep 1, 2023
$1,025,000
Thomas R Simpson
Michaelj Sheldon
Warranty Deed
—
May 24, 2023
—
Thomas R Simpson
Cotton Street LLC
Warranty Deed
—
Aug 1, 2018
—
Cotton Street LLC
—
Deed
related
—
May 11, 2010
—
Cotton Street LLC
Simpson,thomas R & Mary M
Warranty Deed
related
—
Apr 1, 2010
$810,000
Thomas R Simpson
Mountaineer Properties LLC
Grant Deed
—
Nov 21, 2005
$775,000
Mountaineer Properties LLC
Substitute Trustee Svcs INC
Trustees Deed
related
$305,000 · No Lender On Document
—
—
Cotton Street LLC
—
Loan Modification
related
—
—
—
Cotton Street LLC
—
Loan Modification
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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