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Property profile & analytics
OFF-MARKET
Estimated value
$1,765,000
Bars & Pubs
215 Sugar Crk Rd, Charlotte, NC 28213-6908
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0501551
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1970
Total area
3,962 SF
Lot
0.61 ac (26,518 SF)
Zoning code
TOD-CC
APN
9105120
UPID
US53-0501551
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
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.77M
Owner & transaction history
East Sugar Creek Partners LLC · 3 yrs held
East Sugar Creek Partners LLC
since 2023
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
TOD-CC · 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
Method
Estimation
Statistic approach
$1,830,000
ML approach
$1,815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.77M
Range $1.59M – $1.94M · ±10% · vs last sale $1.71M (May 2 2023)
Last sale anchor
$1.71M
May 2 2023
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
$445 / 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
$6,130
Tax year 2023
Assessed value
$835,700
Assessed 2024
Previous assessed
$898,500
-7.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$810,400
Assessed improvement
$25,300
Land market value
$810,400
Improvement market value
$25,300
Total market value
$835,700
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
6
Total area
3,962 SF
Lot
0.61 ac (26,518 SF)
Zoning code
TOD-CC
APN
9105120
UPID
US53-0501551
Jurisdiction
MECKLENBURG
Zoning & alternative use
TOD-CC · Charlotte, NC
Zoning TOD-CC · permitted uses
TOD-CC · 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
1970
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
6
Lot
0.61 ac
Current owner
From public records · entity-resolved
East Sugar Creek Partners LLC
Entity
Mailing address
1900 W MOREHEAD ST STE #201, CHARLOTTE, NC 28208-5757
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2023
$1,710,000
East Sugar Creek Partners LLC
Sugar Creek Outparcel Partners LLC
Special Warranty Deed
$5,000,000 · Bank Of The Ozarks
May 2, 2023
—
East Sugar Creek Partners LLC
Sugar Creek Outparcel Partners LLC
Intrafamily Transfer
related
—
Sep 10, 2021
—
Sugar Creek Outparcel Partners LLC
Maria Costly Harrington
Deed
—
Sep 10, 2021
$835,000
Sugar Creek Outparcel Partners LLC
Maria Costly Barrington
Special Warranty Deed
—
Oct 9, 2019
$90,000
Cristian J C Molina
Maria C Costly
Warranty Deed
—
Jun 2, 2010
—
Maria C Harrington
Quezada,juan P
Grant Deed
—
Oct 5, 2006
$395,000
Maria C Harrington
Ng,wing K
Warranty Deed
$255,000 · Charles T Adams
Jul 28, 1999
$365,000
Wing K Ng
Fotinos,nick
Grant Deed
—
May 16, 1997
$175,000
Nick Fotinos
—
Grant Deed
related
$145,000 · Peoples Bank & Trust
Jun 18, 1996
$175,000
Nick Fotinos
Fotinos,nick
Grant Deed
related
—
Jun 17, 1996
—
Nick Fotinos
—
Deed Of Trust
related
$150,000 · Nationsbank
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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