Property profile

1535 Elizabeth Ave Charlotte, NC 28204

OFF-MARKET
Turn key restaurants
Property ID
US53-0190879
11,858 SF 0.24 ac lot Built 1954
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1954
Total area 11,858 SF
Lot 0.24 ac (10,642 SF)
Zoning code MUDD-O
APN 8019608
UPID US53-0190879

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Specialty Food Shop
  • Spiritual Center
  • Restaurant

Location

1535 Elizabeth Ave Charlotte, NC 28204-2508
Charlotte metro Census 2500 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$485k
CAP Approach CAP
by Request
Comparable Approach Comparable
$873k
Blend (final) Blend
$680k

Owner & transaction history

since 2015
5 recorded transactions
2025
Price N/A
2015
Price N/A
2003
$2.4M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

MUDD-O · Charlotte, NC
Zoning description

The Mixed Use Development District encourages mixed use development and its accompanying support commercial and office uses while maintaining a strong emphasis on pedestrian scale, urban development, and amenities, when…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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