Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    Sanford Ln Monroe, NC 28110

    • Theaters & concert halls
    • 11,200 SF
    • 4.12 lot acres
    OFF-MARKET
    Value Estimations
    $360,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-3607256
    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

    • Theaters & concert halls

    Property Details for Sanford Ln

    Year built
    2009
    Lot size
    4.12 lot acres
    Property size
    11,200 SF
    Zone code
    RA-20 UNION COUNTY
    Property type
    Theaters & concert halls
    APN
    09-375-060
    APU
    9375060

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $489,000
      Market price range: $305k - $592k

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.623
    Latitude
    35.0001
    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
    $0.00
    $130,000
    $1,153,000
    $1,283,000
    -
    $130,000
    $1,153,000
    $1,283,000

    Comparable in this City

    • Value Estimation
      $390,000
      15,806 SF

      1220 Onset Pl

      DANCE HALL • 15,806 SF
      1220 Onset Pl, Monroe, NC 28110-2667
      View Details
    • Value Estimation
      $270,000
      6,420 SF

      3601 Sikes Ml Rd

      DANCE HALL • 6,420 SF
      3601 Sikes Ml Rd, Monroe, NC 28110-7402
      View Details
    • Value Estimation
      $235,000
      4,400 SF

      4806 Sikes Ml Rd

      AUDITORIUM • 4,400 SF
      4806 Sikes Ml Rd, Monroe, NC 28110-9805
      View Details
    • Value Estimation
      $615,000
      22,604 SF

      2505 Rdg Rd

      AUDITORIUM • 22,604 SF
      2505 Rdg Rd, Monroe, NC 28110-9227
      View Details
    • Value Estimation
      $280,000
      4,784 SF

      1730 Morgan Ml Rd

      AUDITORIUM • 4,784 SF
      1730 Morgan Ml Rd, Monroe, NC 28110-3690
      View Details
    • Value Estimation
      $425,000
      17,943 SF

      7608 Concord Hwy

      AUDITORIUM • 17,943 SF
      7608 Concord Hwy, Monroe, NC 28110-7094
      View Details

    Similar Nearby for Sale

    • $750,000
      3.67 Acres

      Monroe Industrial Land - $750K

      3.67-acre heavy industrial lot, build-to-suit ready.
      3000 Stitt St, Monroe, NC 28110
      View Details
    • $1,060,000
      5.30 Acres

      Prime Monroe Commercial Land

      5.3 Acres, $1.06M Asking Price
      6114 Secrest Shortcut Rd, Monroe, NC 28110
      View Details
    • $160,000
      Pending

      Monroe, NC Land For Sale

      2+ acre lot in a quiet, convenient location.
      0005 Tesh Rd, Monroe, NC 28110
      View Details
    • $1,500,000

      5.5 Acres Zoned CCMX1

      5.5 acres zoned for commercial or high-density residential use.
      Secrest Shortcut Rd, Monroe, NC 28110
      View Details
    • $129,000
      0.95 Acres

      Monroe, NC One-Acre Lot

      One-acre lot near Hwy 74 Bypass with approved permit.
      4010 Concord Hwy, Monroe, NC 28110
      View Details
    • $550,000
      0.99 Acres

      Commercial Lot in High Traffic

      Commercial lot in a high traffic area near Monroe Crossing.
      1789 Dickerson Blvd, Monroe, NC 28110
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      23,500 SF

      Monroe Industrial Complex for Lease

      23,500 SF industrial complex on 7.07 acres for lease.
      4519 Old Charlotte Hwy, Monroe, NC 28110
      View Details
    • Contact for pricing
      130,680 SF

      Monroe Commercial Land - 3 Acres

      Prime 3-acre commercial lot, ideal for development.
      325 Sutherland Ave, Monroe, NC 28110
      View Details
    • $16 SF/Yr
      4,000 SF

      Industrial Space Near Highway 74

      2,000-4,000 SF industrial space for lease near Hwy 74.
      5923 Stockbridge Dr, Monroe, NC 28110
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Fowler Secrest

      Retail space for lease in Monroe, North Carolina.
      3306 East Roosevelt Blvd, Monroe, NC 28110
      View Details
    • $7,500,000
      60,000 SF

      Proposed Warehouse Near Highway 74

      60,000 SF warehouse with easy highway access in Monroe, NC.
      2900 Stitt St, Monroe, NC 28110
      View Details
    • $2,200 /Mo
      1,585 SF

      Professional Office Space For Rent

      Move-in ready office space with included water and sewer.
      105 Cedar St, Monroe, NC 28110
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Sanford Ln
    Monroe, NC 28110
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.