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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Grocery and convenience stores
715 Franklin St Monroe, NC 28112-5705
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-2562893
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1977
Total area
2,704 SF
Lot
1.19 ac (51,836 SF)
Zoning code
OT MONROE
APN
09-192-100
UPID
US53-2562893
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
-
Valero Gas Station
-
Singh's Mart Grocery & Convenience Store Food Market
-
Bitcoin Depot | Bitcoin ATM Atm Crypto Atm
-
Byte Federal Bitcoin ATM (Singhs Mart) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$615k
Comparable Approach
Comparable
$678k
Blend (final)
Blend
$640k
Owner & transaction history
Allegiant Freight Systems INC · 5 yrs held
Allegiant Freight Systems INC
since 2020
Last sale
$630,000
4 recorded transactions
Zoning & alternative use
OT MONROE · Monroe, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
monroe udo
Top alternative use upside
Retail stores
$750,000
+82.6%
Auto repair, garage
$430,000
+4.5%
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%
$665,000
6.5%
$615,000
7%
$570,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$410,000
Current use
RETAIL STORES
$750,000
Change: +83% · Conversion: Easy
AUTO REPAIR, GARAGE
$430,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $630k (Sep 3 2020)
Last sale anchor
$630k
Sep 3 2020
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
$237 / 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
$3,065
Tax year 2023
Assessed value
$281,100
Assessed 2023
Previous assessed
$281,100
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$107,100
Assessed improvement
$174,000
Land market value
$107,100
Improvement market value
$174,000
Total market value
$281,100
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1977
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
2,704 SF
Lot
1.19 ac (51,836 SF)
Zoning code
OT MONROE
APN
09-192-100
UPID
US53-2562893
Jurisdiction
UNION
Zoning & alternative use
OT MONROE · Monroe, NCZoning OT MONROE · permitted uses
OT MONROE · Monroe, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
monroe udo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$410,000
RETAIL STORES
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$430,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1977
Heating
YES
Cooling
Yes
Stories
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Allegiant Freight Systems INC
Entity
Mailing address
5000 TULIP LN, MATTHEWS, NC 28104-5994
Ownership since
2020
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
Sep 3, 2020
$630,000
Allegiant Freight Systems INC
Singhs Mart INC
Warranty Deed
$760,000 · Ready Capital Corp
Jan 8, 2014
$825,000
Singhs Mart INC
Bwn Investments LLC
Warranty Deed
$544,000 · Td Bank NA
Dec 31, 2012
—
Bwn Investments LLC
Otn Investments LLC
Grant Deed
—
Sep 2, 2004
—
Otn Investments INC
Sams Mart INC
Grant Deed
$350,000 · First Community Bank
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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