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Property profile & analytics
OFF-MARKET
Turn key restaurants
2216 John St Matthews, NC 28105-4812
Entity Owned
9-yr Hold
Free & Clear
Property ID
US53-2023239
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1968
Total area
672 SF
Lot
0.61 ac (26,703 SF)
Zoning code
R-20
APN
22722136
UPID
US53-2023239
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
-
Steady Eddy's Pumphouse Restaurant
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
Hawthornes Holding Group LLC · 9 yrs held
Hawthornes Holding Group LLC
since 2017
4 recorded transactions
Zoning & alternative use
R-20 · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
155.502.1. Single-Family Residential District (R-20) A. The R-20 Single-Family Residential District is established to provide an environment exclusively for single- family housing at a very low density of population and structures. Specified nonresidential uses of public or
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
952.44 ac
Source
Chapter 5
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 Matthews submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Matthews 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
$3,125
Tax year 2023
Assessed value
$422,500
Assessed 2024
Previous assessed
$422,500
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$358,700
Assessed improvement
$63,800
Land market value
$358,700
Improvement market value
$63,800
Total market value
$422,500
Applied tax rate
19.0000
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
1968
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
1
Total area
672 SF
Lot
0.61 ac (26,703 SF)
Zoning code
R-20
APN
22722136
UPID
US53-2023239
Jurisdiction
MECKLENBURG
Zoning & alternative use
R-20 · Matthews, NCZoning R-20 · permitted uses
R-20 · Matthews, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
155.502.1. Single-Family Residential District (R-20) A. The R-20 Single-Family Residential District is established to provide an environment exclusively for single- family housing at a very low density of population and structures. Specified nonresidential uses of public or
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
952.44 ac
Source
Chapter 5
Building & site characteristics
From public records
Year built
1968
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Hawthornes Holding Group LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 958, DAVIDSON, NC 28036-0958
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2019
—
Hawthorne S Holding Group LLC
—
Deed
related
$365,000 · First Reliance Bank
Jun 27, 2017
$225,000
Hawthornes Holding Group LLC
Carsillo Entities LLC
Warranty Deed
—
Feb 10, 2011
$128,000
Carsillo Entities LLC
Simmons,doris P
Warranty Deed
$68,000 · Doris P Simmons
May 5, 2010
—
Doris P Simmons
—
Trustees Deed
related
$34,552 · Gene H Simmons
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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