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

    4800 Monroe Rd Charlotte, NC 28205-7804

    • Bars
    • 4,144 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    Sep 11, 2020
    $1,390,000
    Value Estimations
    $1,525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2772962
    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

    • Forty 8 Hundred Caribbean Restaurant & Lounge / Restaurant
    • Mac Bonies / Restaurant
    • ZillionHeirs / Restaurant

    Property Details for 4800 Monroe Rd

    Year built
    1933
    Lot size
    0.20 lot acres
    Property size
    4,144 SF
    Zone code
    R-4
    Property type
    Bars
    APN
    16108217
    APU
    16108217

    Description

    This exceptional 3,972-square-foot restaurant space is available for lease in Charlotte, North Carolina's desirable Oakhurst neighborhood. The property is a single-tenant building, offering a turnkey opportunity for a new restaurant concept. The building boasts a substantial existing kitchen, complete with a walk-in cooler and a ventilation hood, significantly reducing initial build-out costs. An expansive patio provides ample outdoor seating, perfect for enjoying the vibrant Oakhurst atmosphere. Convenient on-site surface parking is available for patrons and staff. The location benefits from high visibility and proximity to a thriving retail environment. Nearby establishments include Common Market, Teal Turnip, Night Swim Coffee, Anytime Fitness, and Lemonade Fit, ensuring high foot traffic and a strong customer base. This second-generation restaurant building presents a rare opportunity to establish a successful business in a sought-after area of Charlotte. The address is 4800 Monroe Road, Charlotte, NC 28205. The entire 3,972 square feet is currently vacant and ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,610,000
      ML approach
      $1,710,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.781
    Latitude
    35.1928
    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
    $2,477
    $234,000
    $103,700
    $337,700
    -
    $234,000
    $103,700
    $337,700

    Comparable in this City

    • Value Estimation by Request
      1,984 SF

      3808 Driftwood Dr

      NIGHTCLUB (COCKTAIL LOUNGE) • 1,984 SF
      3808 Driftwood Dr, Charlotte, NC 28205-5909
      View Details
    • Value Estimation by Request
      2,030 SF

      1113 Hawthorne Ln

      NIGHTCLUB (COCKTAIL LOUNGE) • 2,030 SF
      1113 Hawthorne Ln, Charlotte, NC 28205
      View Details
    • Value Estimation by Request
      3,846 SF

      3217 The Plz

      NIGHTCLUB (COCKTAIL LOUNGE) • 3,846 SF
      3217 The Plz, Charlotte, NC 28205-1662
      View Details
    • Value Estimation by Request
      2,130 SF

      2906 Central Ave

      NIGHTCLUB (COCKTAIL LOUNGE) • 2,130 SF
      2906 Central Ave, Charlotte, NC 28205-5410
      View Details
    • Value Estimation
      $590,000
      6,970 SF

      1801 Commonwealth Ave

      NIGHTCLUB (COCKTAIL LOUNGE) • 6,970 SF
      1801 Commonwealth Ave, Charlotte, NC 28205-5017
      View Details
    • Value Estimation by Request
      3,176 SF

      510 Briar Crk Rd

      NIGHTCLUB (COCKTAIL LOUNGE) • 3,176 SF
      510 Briar Crk Rd, Charlotte, NC 28205-6905
      View Details

    Similar Nearby for Sale

    • $1,550,000
      1,888 SF

      Prime Restaurant Space in Plaza Midwood

      Turnkey restaurant with indoor/outdoor appeal in a sought-after location.
      1109 Morningside Dr, Charlotte, NC 28205
      View Details
    • $1,800,000
      6,076 SF

      Freestanding Building with Sports Pub

      Freestanding building with ample parking and excellent street visibility.
      1513 Pierson Dr, Charlotte, NC 28205
      View Details
    • Contact for pricing
      5,420 SF

      Charlotte Mixed-Use Restaurant Building

      Infill mixed-use building in Charlotte's Plaza Midwood neighborhood.
      1500-1502 Central Ave, Charlotte, NC 28205
      View Details
    • Contact for pricing
      5,420 SF

      Plaza Midwood Restaurant - Charlotte, NC

      Prime location, 5,420 sq ft, renovated restaurant
      1500-1502 Central Ave, Charlotte, NC 28205
      View Details
    • Contact for pricing
      14,988 SF

      Plaza Midwood Retail Opportunity

      Iconic Charlotte Restaurant & Retail Space
      1212 Commonwealth Ave, Charlotte, NC 28205
      View Details
    • $2,500,000
      0.73 Acres

      Charlotte Retail Investment Opportunity

      Two retail buildings on 0.733 acres in Charlotte, NC.
      2934 Shamrock Dr, Charlotte, NC 28205
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,428 SF

      Plaza Midwood Retail Opportunity

      Charlotte, NC: Prime Retail/Office Space Available
      1318 Pecan Ave, Charlotte, NC 28205
      View Details
    • Contact for pricing
      500 SF

      NoDa Urban District Market Stalls

      Food stalls for lease in vibrant NoDa market.
      2315 N Davidson St, Charlotte, NC 28205
      View Details
    • Contact for pricing
      2,480 SF

      Plaza Midwood Medical Office Space

      2,480 SF Medical Office - Charlotte, NC
      1111 The Plz, Charlotte, NC 28205
      View Details
    • Contact for pricing
      254,608 SF

      Eastway Drive Retail Space Available

      Charlotte Retail Space: 1,026-1,600 SF
      3124 Eastway Dr, Charlotte, NC 28205
      View Details
    • Contact for pricing
      2,019 SF

      Retail Space on Monroe Road

      Retail space in Charlotte's thriving business district.
      3734 Monroe Rd, Charlotte, NC 28205
      View Details
    • Contact for pricing
      14,257 SF

      Former Retail Space Available

      Large retail space with outdoor entertainment area and ample parking.
      3304 Eastway Dr, Charlotte, NC 28205
      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.
    4800 Monroe Rd
    Charlotte, NC 28205-7804
    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.