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Property profile & analytics
OFF-MARKET
Turn key restaurants
1617 Elizabeth Ave, Charlotte, NC 28204-2541
Entity Owned
~
Est. High Equity
Property ID
US53-1170791
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1948
Total area
4,526 SF
Lot
0.22 ac (9,437 SF)
Zoning code
B-2
APN
8019708
UPID
US53-1170791
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
-
Viva Chicken Restaurant
-
Anderson Catering Take-out & Catering Catering Service
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
Pecan Pie Clt LLC
Pecan Pie Clt LLC
since 2026
5 recorded transactions
Zoning & alternative use
B-2 · 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
$11,288
Tax year 2023
Assessed value
$1,538,900
Assessed 2024
Previous assessed
$1,546,900
-0.5% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,025,600
Assessed improvement
$513,300
Land market value
$1,025,600
Improvement market value
$513,300
Total market value
$1,538,900
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
1948
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Rooms
6
Total area
4,526 SF
Lot
0.22 ac (9,437 SF)
Zoning code
B-2
APN
8019708
UPID
US53-1170791
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-2 · Charlotte, NC
Zoning B-2 · permitted uses
B-2 · 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
1948
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Rooms
6
Lot
0.22 ac
Current owner
From public records · entity-resolved
Pecan Pie Clt LLC
Entity
Mailing address
1617 ELIZABETH AVE, CHARLOTTE, NC 28204-2541
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2026
—
Pecan Pie Clt LLC
Wb Pecan Pie LLC
Special Warranty Deed
—
Sep 17, 2010
—
Wb Pecan Pie LLC
Anderson,gary J & Michelle W
Grant Deed
—
Jun 7, 2007
—
Gary J Anderson
Wb Pecan Pie LLC
Warranty Deed
$400,000 · Wachovia Bank NA
Feb 9, 2007
—
Wb Pecan Pie LLC
Anderson,gary J & Michelle W
Grant Deed
—
—
—
Wb Pecan Pie LLC
—
Deed Of Trust
related
$125,000 · Bank Of Nc
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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