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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9010 Monroe Rd Charlotte, NC 28270-1594

    • Strip malls
    • 9,623 SF
    • 0.89 lot acres
    OFF-MARKET
    Value Estimations
    $1,380,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1886106
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • A Dog's Best Friend / Pet Grooming Service
    • High Spin Laundry, LLC / (Bike/Boat/Book/etc) Store
    • Zaika Express / Restaurant
    • Chamos Grill / Restaurant
    • Pro Dry Cleaning Laundry / (Bike/Boat/Book/etc) Store

    Property Details for 9010 Monroe Rd

    Year built
    1984
    Lot size
    0.89 lot acres
    Property size
    9,623 SF
    Zone code
    I-1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    21328137
    APU
    21328137

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7456
    Latitude
    35.1475
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,238
    $668,600
    $727,100
    $1,395,700
    -
    $668,600
    $727,100
    $1,395,700

    Comparable in this City

    • Value Estimation
      $9,005,000
      75,070 SF

      705 International Dr

      SHOPPING CENTER, STRIP CENTER • 75,070 SF
      705 International Dr, Charlotte, NC 28270-6971
      View Details
    • Value Estimation
      $6,210,000
      18,589 SF

      1605 Galleria Blvd

      SHOPPING CENTER, STRIP CENTER • 18,589 SF
      1605 Galleria Blvd, Charlotte, NC 28270
      View Details
    • Value Estimation
      $1,425,000
      8,800 SF

      9614 Monroe Rd

      SHOPPING CENTER, STRIP CENTER • 8,800 SF
      9614 Monroe Rd, Charlotte, NC 28270-1447
      View Details
    • Value Estimation
      $12,805,000
      83,975 SF

      1721 Sardis N Rd

      SHOPPING CENTER, STRIP CENTER • 83,975 SF
      1721 Sardis N Rd, Charlotte, NC 28270-2568
      View Details
    • Value Estimation
      $10,915,000
      66,608 SF

      Charlotte, NC 28270

      SHOPPING CENTER, STRIP CENTER • 66,608 SF
      Charlotte, NC 28270
      View Details
    • Value Estimation
      $6,065,000
      35,172 SF

      1640 Sardis N Rd

      SHOPPING CENTER, STRIP CENTER • 35,172 SF
      1640 Sardis N Rd, Charlotte, NC 28270-2479
      View Details

    Similar Nearby for Sale

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      Monroe Road Outparcel For Sale

      Approximately 1.75-acre outparcel for sale on Monroe Rd.
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    • $380,000
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      Residential Land in Charlotte, NC

      Land available for building a dream home in Charlotte.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Charlotte, NC

      Retail space available for lease in Charlotte, North Carolina.
      Charlotte, NC 28270
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      34,690 SF

      Galleria Village Retail Space

      Charlotte, NC retail opportunity. Two spaces available.
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      4,308 SF

      Retail Space in South Charlotte

      Retail space for lease in a renovated South Charlotte location.
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      3,151 SF

      Retail Space on Monroe Road

      Retail space with high visibility and multiple access points.
      9456 Monroe Rd, Charlotte, NC 28270
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    • Contact for pricing
      4,800 SF

      Flexible Space on Monroe Road

      Office, retail, and warehouse space with excellent road frontage.
      9313 Monroe Rd, Charlotte, NC 28270
      View Details
    • Contact for pricing
      1,617 SF

      Retail Space in Charlotte, NC

      Retail space available in Charlotte, near Matthews, North Carolina.
      1605 Galleria Blvd, Charlotte, NC 28270
      View Details
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    9010 Monroe Rd
    Charlotte, NC 28270-1594
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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