Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    University Area Restaurant For Sale - Large Hood & Outdoor Patio! Charlotte, NC 28262
    Back to Search
    Property profile & analytics

    University Area Restaurant For Sale - Large Hood & Outdoor Patio! Charlotte, NC 28262

    View on Map
    • Retail properties & Spaces
    • 3,200 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 University Area Restaurant For Sale - Large Hood & Outdoor Patio!

    Year built
    2018
    Property size
    3,200 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This turnkey restaurant opportunity in Charlotte, NC's University area presents a unique chance to acquire a fully operational establishment. Built in 2018, the 3,200 square foot space boasts a spacious interior with ample seating for approximately 130 patrons, including 4 single booths, 17 double booths, and 29 tables. The fully equipped kitchen features a substantial 27-foot hood system, walk-in cooler and freezer, two six-burner stoves with ovens, a salamander, warmers, and extensive prep areas. A significant advantage is the inviting outdoor patio, perfect for al fresco dining, furnished with 12 tables, 40 chairs, and 3 benches, all shaded by 6 umbrellas. The current lease, expiring September 30, 2027, offers a 5-year term with a monthly rent of $8,588.32, inclusive of CAMs, taxes, and insurance. The restaurant's extensive equipment includes a double-stack conveyor pizza oven, deep fryers, a charbroiler, and various prep tables and refrigeration units. The seller is motivated by personal reasons and is offering this exceptional opportunity at an asking price of $250,000. The location benefits from Charlotte's robust economy and growing population, providing a strong foundation for a successful restaurant venture. This is a rare chance to step into a thriving business without the lengthy and costly process of building from the ground up. The property is located in Mecklenburg County, NC, zip code 28262.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7325
    Latitude
    35.3302

    Comparable in this City

    • Value Estimation by Request
      1,021 SF

      Restaurant for Sale In Growing University Area! Turn Ky

      Restaurants • 1,021 SF
      Restaurant for Sale In Growing University Area! Turn Ky, Charlotte, NC 28262
      View Details
    • Value Estimation by Request
      3,132 SF

      Wine Bar for Sale in Prime Charlotte Location! Turn Ky

      Restaurants • 3,132 SF
      Wine Bar for Sale in Prime Charlotte Location! Turn Ky, Charlotte, NC 28262
      View Details
    • Value Estimation by Request
      16,000 SF

      Charlotte Nc

      Restaurants • 16,000 SF
      0 Charlotte Nc, Charlotte, NC 28262
      View Details
    • Value Estimation by Request
      16,708 SF

      430 Mccullough Dr

      Restaurants • 16,708 SF
      430 Mccullough Dr, Charlotte, NC 28262
      View Details
    • Value Estimation by Request
      23,257 SF

      430 Mccullough Dr

      Restaurants • 23,257 SF
      430 Mccullough Dr, Charlotte, NC 28262
      View Details
    • Value Estimation by Request
      15,470 SF

      9325 Clay Blvd

      Office Spaces • 15,470 SF
      9325 Clay Blvd, Charlotte, NC 28262
      View Details

    Similar Nearby for Sale

    • $3,438,700

      Freestanding Retail Property For Sale

      4,998 SF retail property in Charlotte, 100% occupied.
      8926 J M Keynes Dr, Charlotte, NC 28262
      View Details
    • Contact for pricing

      N Tryon Street Land Parcels

      Land parcels available for mixed-use development on N Tryon.
      12440 N Tryon St, Charlotte, NC 28262
      View Details
    • $456,184
      1,250 SF

      Retail Property in Charlotte, NC

      Retail property available for sale in Charlotte, North Carolina.
      10230 Berkeley Place Dr, Charlotte, NC 28262
      View Details
    • Contact for pricing
      11,000 SF

      Restaurant For Sale Charlotte

      Profitable restaurant opportunity in Charlotte, North Carolina.
      440 E Mccullough Dr, Charlotte, NC 28262
      View Details
    • Contact for pricing

      University City Land Opportunity

      Land near UNC Charlotte in University City.
      8300 Ikea Blvd, Charlotte, NC 28262
      View Details
    • $35,000,000
      260,000 SF

      260,000 SF Manufacturing Facility

      Manufacturing facility with 260,000 SF available for sale or lease.
      6900 Morris Estate Dr, Charlotte, NC 28262
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,006 SF

      Restaurant Space in High-Traffic Area

      Prime restaurant space with excellent access to major interstates.
      9321 W Jw Clay Blvd, Charlotte, NC 28262
      View Details
    • Contact for pricing

      Retail Space in University City

      Retail spaces available for lease in Charlotte's University City.
      Charlotte Nc, Charlotte, NC 28262
      View Details
    • Contact for pricing
      3,863 SF

      Freestanding Building with Drive-Thru

      3,863 SF freestanding building with drive-thru on 1.75 acres.
      9630 S Tryon St, Charlotte, NC 28262
      View Details
    • $32 SF/Yr

      9010 Glenwater

      Prime Retail Space in University area
      9010 Glenwater Dr, Charlotte, NC 28262
      View Details
    • Contact for pricing

      Office/Retail Space in University Area

      Office and retail spaces in a high-traffic University area.
      10400 Mallard Creek Rd, Charlotte, NC 28262
      View Details
    • Contact for pricing

      Retail/Office Space Near University

      New retail or office space near University City Boulevard Station.
      7205 N Tryon St, Charlotte, NC 28262
      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.
    University Area Restaurant For Sale - Large Hood & Outdoor Patio!
    Charlotte, NC 28262
    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

    Thank You for Inquiry
    University Area Restaurant For Sale - Large Hood & Outdoor Patio!, Charlotte, NC, 28262
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!