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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Breweries
1204 Central Ave Charlotte, NC 28204-2106
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-4746785
Property profile
Verified
Property type
Breweries
Use group
DISTILLERY, BREWERY, BOTTLING
Year built
1942
Total area
18,380 SF
Lot
0.81 ac (35,416 SF)
APN
8117818
UPID
US53-4746785
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
-
Haraz Coffee House Cafe & Coffee Shop
-
Sharetea Charlotte Cafe & Coffee Shop
-
The Nichols Company - Property Management Property Management Company
-
The Nichols Company Real Estate Agency
-
Kouture Nail Bar Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$765k
Blend (final)
Blend
$750k
Owner & transaction history
1204 Central LLC · 6 yrs held
1204 Central LLC
since 2020
Last sale
$744,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.2M
+72.2%
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
Method
Estimation
Statistic approach
$860,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
DISTILLERY, BREWERY, BOTTLING
$705,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,215,000
Change: +72% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $744k (Jul 10 2020)
Last sale anchor
$744k
Jul 10 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$41 / SF
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
$35,671
Tax year 2023
Assessed value
$4,863,100
Assessed 2024
Previous assessed
$4,864,300
0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,782,000
Assessed improvement
$2,081,100
Land market value
$2,782,000
Improvement market value
$2,081,100
Total market value
$4,863,100
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
Breweries
Use group
DISTILLERY, BREWERY, BOTTLING
Status
Off-Market
Year built
1942
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
18,380 SF
Lot
0.81 ac (35,416 SF)
APN
8117818
UPID
US53-4746785
Jurisdiction
MECKLENBURG
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
DISTILLERY, BREWERY, BOTTLING Current
Est. value
$705,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
DISTILLERY, BREWERY, BOTTLING Current
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1942
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Lot
0.81 ac
Current owner
From public records · entity-resolved
1204 Central LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1204 CENTRAL AVE, CHARLOTTE, NC 28204-2106
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Sep 3, 2025
—
1204 Central LLC
—
Deed
related
$5,000,000 · Skyla FCU
Jul 10, 2020
—
1204 Central LLC
1204 Central LLC
Intrafamily Transfer
related
—
Feb 16, 2018
—
1204 Central LLC
—
Grant Deed
related
$4,600,000 · Farmers & Merchants Nat'l Bk
Jun 28, 2016
—
1204 Central LLC
—
Deed
related
$2,840,000 · Farmers & Merchants Nat'l Bk
Nov 5, 2014
$744,000
1204 Central LLC
Todds Flowers INC
Grant Deed
$595,000 · Farmers & Merchants Nat'l Bk
—
—
Todds Flowers INC
—
Deed Of Trust
related
$100,000 · Branch Bk&tr
—
—
1204 Central LLC
—
Deed Of Trust
related
$2,840,000 · Farmers & Merchants Nat'l Bk
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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