Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Turnkey Restaurant For Sale In Popular Steele Crk Shopping Center! Charlotte, NC 28273

    Property Lookup

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

    Turnkey Restaurant For Sale In Popular Steele Crk Shopping Center! Charlotte, NC 28273

    View on Map
    • Retail properties & Spaces
    • 2,042 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Turnkey Restaurant For Sale In Popular Steele Crk Shopping Center!

    Year built
    2017
    Property size
    2,042 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This turnkey restaurant in Charlotte's Steele Creek area presents a unique opportunity for immediate operation. Located within a popular shopping center, this 2,042 square foot space boasts a fully equipped kitchen and charming covered patio. The lease, expiring April 29, 2027, provides a three-year term, offering ample time to establish and grow your business. The asking price is $85,000. The monthly rent of $7,573.72 includes CAMs, taxes, and insurance. The restaurant is ideally suited for a breakfast or café concept, eliminating the typical lengthy setup period associated with new restaurant openings. Extensive equipment is included, encompassing prep tables, shelving, display coolers, a walk-in cooler, indoor and outdoor seating (50 indoor seats, plus outdoor tables and chairs), and a POS system. Additional features include a kitchen display screen, two countertop convection ovens, a two-well steam table, and a variety of other kitchen appliances. The business is not a franchise and is being sold as an asset sale. The seller is not offering financing. The business was established in 2017 and currently employs 16 people. The reason for selling is personal. This high-visibility location in a rapidly growing area offers significant potential for a thriving business. The property is leased, not owned. A 3D walkthrough is available.

    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
    -80.9539
    Latitude
    35.1291

    Comparable in this City

    • Value Estimation by Request
      1,781 SF

      Charlotte Restaurant For Sale ! Move-In Ready & Fully Equipped!

      Restaurants • 1,781 SF
      0 Charlotte Restaurant For Sale ! Move-In Ready & Fully Equipped!, Charlotte, NC 28273
      View Details
    • Value Estimation by Request
      1.16 Acres

      Arrowood Rd And Frst Pt Blvd

      Land • 1.16 Acres
      0 Arrowood Rd And Frst Pt Blvd, Charlotte, NC 28273
      View Details
    • Value Estimation by Request
      5,441 SF

      8641 South Blvd

      Individual retail properties • 5,441 SF
      8641 South Blvd, Charlotte, NC 28273
      View Details
    • Value Estimation by Request
      66,560 SF

      10240 Western Rdg Rd

      Retail properties & Spaces • 66,560 SF
      10240 Western Rdg Rd, Charlotte, NC 28273
      View Details
    • Value Estimation by Request
      1.45 Acres

      13540 Hoover Crk Blvd

      Power centers • 72,662 SF
      13540 Hoover Crk Blvd, Charlotte, NC 28273
      View Details
    • Value Estimation by Request
      1.15 Acres

      10716 John Price Rd

      Land • 1.15 Acres
      10716 John Price Rd, Charlotte, NC 28273
      View Details

    Similar Nearby for Sale

    • $3,898,706

      Leased Restaurant Property Near Outlets

      Profitable investment opportunity with a desirable NNN lease term.
      4824 Berewick Town Ctr Dr, Charlotte, NC 28273
      View Details
    • $540,000
      0.10 Acres

      Ayrsley Mixed-Use Landmark Property

      Exceptional mixed-use property in a dynamic Charlotte location.
      2108 Ayrsley Town Blvd, Charlotte, NC 28273
      View Details
    • Contact for pricing
      6,304 SF

      Prime Outparcel Adjacent to Pavilion

      1.09 acre outparcel with 6,304 SF improvements in Charlotte.
      9807 South Blvd, Charlotte, NC 28273
      View Details
    • Contact for pricing
      3,863 SF

      Freestanding Building with Drive-Thru

      3,863 SF building on 1.75 acres with drive-thru.
      9630 S Tryon St, Charlotte, NC 28273
      View Details
    • Contact for pricing

      Fully Leased Automotive Center

      Single-tenant retail automotive center in Charlotte, North Carolina.
      8940 S Tryon St, Charlotte, NC 28273
      View Details
    • Contact for pricing

      Industrial Development Site Available

      3-acre industrial site near I-77/I-485 interchange in Charlotte, NC.
      825 Forest Point Cir, Charlotte, NC 28273
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,600 SF

      Retail Endcaps with Patio Space

      Retail endcap spaces available, ideal for salon or restaurant.
      13224 Steele Creek Rd, Charlotte, NC 28273
      View Details
    • $35 SF/Yr
      2,838 SF

      Restaurant Space with Drive-Thru

      Second-generation restaurant space with drive-thru and high traffic.
      337 Westinghouse Blvd, Charlotte, NC 28273
      View Details
    • Contact for pricing

      Prime Commercial Development Opportunity

      Commercial land for development in southwest Charlotte, near I-77.
      W Arrowood Rd And Frst Pt Blvd, Charlotte, NC 28273
      View Details
    • Contact for pricing
      1 SF

      Charlotte Retail Center - Forest Park

      Four retail spaces available in prime location.
      0 Arrowood Rd And Frst Pt Blvd, Charlotte, NC 28273
      View Details
    • $20 SF/Yr

      Retail Space For Rent

      Retail space available for lease.
      10823 John Price Rd, Charlotte, NC 28273
      View Details
    • Contact for pricing

      Arrowridge Blvd Retail/Office/Flex Space

      Retail, office, and flex space available for rent.
      8200 Arrowridge Blvd, Charlotte, NC 28273
      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.
    Turnkey Restaurant For Sale In Popular Steele Crk Shopping Center!
    Charlotte, NC 28273
    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.
    Sign Up Successful!
    You now have access to more from Realmo!