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Property profile & analytics
OFF-MARKET
Turn key restaurants
1101 Central Ave, Charlotte, NC 28204-2198
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1796297
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1956
Total area
8,331 SF
Lot
0.34 ac (14,852 SF)
Zoning code
TOD-CC-EX
APN
8111106
UPID
US53-1796297
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
La Autentica Mexican Restaurant Restaurant
-
BAR Bar & Pub Nightclub
-
Refuge Hotel & Motel
-
Rumaway Cove Restaurant
-
Lorem Ipsum Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Queen City Hotel Investors LLC · 4 yrs held
Queen City Hotel Investors LLC
since 2021
7 recorded transactions
Zoning & alternative use
TOD-CC-EX · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Charlotte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charlotte submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,754
Tax year 2023
Assessed value
$1,602,500
Assessed 2024
Previous assessed
$1,607,100
-0.3% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,069,500
Assessed improvement
$533,000
Land market value
$1,069,500
Improvement market value
$533,000
Total market value
$1,602,500
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1956
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
8
Total area
8,331 SF
Lot
0.34 ac (14,852 SF)
Zoning code
TOD-CC-EX
APN
8111106
UPID
US53-1796297
Jurisdiction
MECKLENBURG
Zoning & alternative use
TOD-CC-EX · Charlotte, NC
Zoning TOD-CC-EX · permitted uses
TOD-CC-EX · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Charlotte. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
8
Lot
0.34 ac
Current owner
From public records · entity-resolved
Queen City Hotel Investors LLC
Entity
Mailing address
157 E FRANKLIN ST STE #8, CHAPEL HILL, NC 27514-3562
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2026
—
Queen City Hotel Investors LLC
—
Deed
related
$1,500,000 · Pinnacle Bank
Nov 24, 2021
—
Queen City Hotel Investors LLC
Patel Franklin Holdings LLC
Special Warranty Deed
$600,000 · 4 Star Britton Investment LLC
Dec 23, 2019
—
Patel Franklin Holdings LLC
1101 Central Group LLC
Grant Deed
—
Dec 23, 2019
$4,500,000
Patel Franklin Holdings LLC
1101 Central Group LLC
Grant Deed
$3,000,000 · 1101 Central Grp LLC
Apr 7, 2015
$1,650,000
1101 Central Group LLC
1101 Central Avenue LLC
Grant Deed
—
Apr 7, 2015
—
1101 Central Group LLC
1101 Central Avenue LLC
Intrafamily Transfer
related
$1,650,000 · Kj Capital LLC
Nov 16, 2005
—
1101 Central Avenue LLC
Dellinger,judy M
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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