Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,070,000
Grocery and convenience stores
7502 Concord Hwy Monroe, NC 28110-9029
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-2725852
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2000
Total area
4,144 SF
Lot
1.6 ac (69,565 SF)
Zoning code
B-4 FAIRVIEW
APN
08-189-013
UPID
US53-2725852
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
-
Exxon Gas Station
-
Fairview Grocery Grocery & Convenience Store Food Market
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.07M
Owner & transaction history
Gpm Southeast LLC · 3 yrs held
Gpm Southeast LLC
since 2023
Last sale
$5.8M
7 recorded transactions
Zoning & alternative use
B-4 FAIRVIEW · 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
$6,410,000
ML approach
$6,370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.07M
Range $5.46M – $6.68M · ±10% · vs last sale $5.75M (Mar 6 2023)
Last sale anchor
$5.75M
Mar 6 2023
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
$1,465 / 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
$2,748
Tax year 2023
Assessed value
$417,500
Assessed 2023
Previous assessed
$417,500
+0.0% YoY
Effective rate
0.66%
On assessed value
Assessed land
$49,200
Assessed improvement
$368,300
Land market value
$49,200
Improvement market value
$368,300
Total market value
$417,500
Applied tax rate
936.0000
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
2000
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
4,144 SF
Lot
1.6 ac (69,565 SF)
Zoning code
B-4 FAIRVIEW
APN
08-189-013
UPID
US53-2725852
Jurisdiction
UNION
Zoning & alternative use
B-4 FAIRVIEW · Monroe, NC
Zoning B-4 FAIRVIEW · permitted uses
B-4 FAIRVIEW · 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
2000
Heating
YES
Cooling
Yes
Stories
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Gpm Southeast LLC
Entity
Free & Clear · 3 yrs held
Mailing address
30 N LA SALLE ST STE #4140, CHICAGO, IL 60602-2900
Ownership since
2023
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
Mar 6, 2023
—
Gpm Southeast LLC
Bengal Portfolio Owner LLC
Lease
—
Mar 6, 2023
$5,751,500
Bengal Portfolio Owner LLC
Flash Market LLC
Special Warranty Deed
—
Jul 1, 2022
—
Flash Market LLC
Douglas Delano Mccoy JR
Quit Claim Deed
related
—
Jul 1, 2022
$1,130,000
Flash Market LLC
Douglas Delano Mccoy JR
Special Warranty Deed
$322,000,000 · Jpmorgan Chase Bank NA
Jun 24, 2022
—
Lee Mccoy Dalton
Douglas Delano Mccoy JR
Intrafamily Transfer
related
—
Jun 21, 2021
—
Lee Mccoy Dalton
Frances Connell Mccoy
Intrafamily Transfer
related
—
Jun 3, 2016
—
Mccoy,douglas & Frances Trust
Mccoy,douglas D SR & Frances C
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7502 Concord Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
