Individually Owned Property summary
AI-generated overview
This 1,014 square foot, single-story retail building located at 2316 Lasalle St, Charlotte, NC 28216, presents a compelling value-add investment opportunity. Situated on a 0.31-acre lot with ample paved parking, the property boasts prime road frontage on Lasalle Street, benefiting from high traffic counts of 16,000-19,000 vehicles daily at the intersection with Beatties Ford Road. Previously operating as a long-standing family-owned restaurant, the property is zoned CG and offers redevelopment potential for QSR, restaurant, or storefront uses. The property's location within a thriving corridor of University Park redevelopment, near a recently renovated McDonald's, TD Bank, and other established retailers, ensures strong visibility and accessibility. Potential buyers should conduct their own due diligence to verify the possibility of tax incentives through the Charlotte Historic Landmark Commission. The building is classified as Class C and features a single tenancy with a NNN lease type. The asking price is $850,000. This property is an excellent opportunity for owner-users or investors seeking a redevelopment project in a high-growth area of Charlotte.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1972
Total area
1,024 SF
Lot
0.32 ac (13,743 SF)
Zoning code
B-1
APN
6917120
UPID
US53-1624077
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
-
Restaurant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$655k
Owner & transaction history
since 2025
Last sale
$700,000
2 recorded transactions
Zoning & alternative use
B-1 · Charlotte, NC
Top alternative use upside
Commercial (general)
$705,000
+8.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$655k
Value range
$590k – $721k
±10% around blend
Estimated value / SF
$640 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$590k
blend $655k
$721k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,024 SF
Lot area
0.32 ac
Year built
1972
Stories
1
APN
6917120
Zoning
B-1
Assessed value
$276,500
Annual tax
$2,028
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$655k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 133 sales
$639
+0%
County 153 sales
$593
+8%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $640/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+8%
vs current-use indication
Restaurant · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$700k
Move the market yield to see immediate price impact.
Value / SF
$684
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$44k
$882k
$630k
$490k
$49k
$980k
$700k
$544k
$54k
$1.08M
$770k
$599k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,028
Tax year 2023
Assessed value
$276,500
Assessed 2024
Previous assessed
$295,400
-6.4% YoY
Effective rate
0.73%
On assessed value
Assessed land
$205,300
Assessed improvement
$71,200
Land market value
$205,300
Improvement market value
$71,200
Total market value
$276,500
Applied tax rate
8.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1972
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
2
Total area
1,024 SF
Lot
0.32 ac (13,743 SF)
Zoning code
B-1
APN
6917120
UPID
US53-1624077
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-1 · Charlotte, NCZoning B-1 · permitted uses
B-1 · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
2
Lot
0.32 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B-1
Jurisdiction
Charlotte, NC
Recorded code
B-1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-1 in Charlotte, NC.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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