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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Turn key restaurants
2732 Wilkinson Blvd, Charlotte, NC 28208-5620
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-0502833
Property summary
AI-generated overview
This exceptional 0.551-acre commercial land parcel is strategically located in Charlotte, North Carolina, at 2732 Wilkinson Blvd, in Mecklenburg County, zip code 28208. Offered at $1,100,000, this property presents a compelling investment opportunity for various retail ventures. Its location just outside of Uptown Charlotte ensures high visibility and accessibility. The site is well-suited for a range of uses, including fast-food restaurants, express oil change facilities, auto detailing businesses, or car washes. The property's convenient location and ample space make it an attractive option for entrepreneurs seeking a high-traffic area. Please note that a slight easement exists on the east side of the property to accommodate drainage. This detail is clearly indicated in the property documentation and should be considered during the due diligence process. The property's coordinates are 35.2244478 latitude and -80.8871755 longitude. This prime location offers significant potential for growth and return on investment. Serious inquiries are encouraged.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1947
Total area
644 SF
Lot
0.49 ac (21,484 SF)
Zoning code
B-2
APN
6706410
UPID
US53-0502833
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
-
Dairy Queen (Treat) Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.07M
Owner & transaction history
Khan & Singh Property Management Ll · 1 yrs held
Khan & Singh Property Management Ll
since 2025
Last sale
$1.1M
2 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
Method
Estimation
Statistic approach
$1,030,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10% · vs last sale $1.10M (Apr 8 2025)
Last sale anchor
$1.10M
Apr 8 2025
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
$1,661 / 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
$3,964
Tax year 2023
Assessed value
$540,400
Assessed 2024
Previous assessed
$547,700
-1.3% YoY
Effective rate
0.73%
On assessed value
Assessed land
$517,700
Assessed improvement
$22,700
Land market value
$517,700
Improvement market value
$22,700
Total market value
$540,400
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
1947
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
3
Total area
644 SF
Lot
0.49 ac (21,484 SF)
Zoning code
B-2
APN
6706410
UPID
US53-0502833
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
1947
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
3
Lot
0.49 ac
Current owner
From public records · entity-resolved
Khan & Singh Property Management Ll
Entity
Mailing address
111 EDGERLY CT, CHARLOTTE, NC 28214-1122
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2025
$1,100,000
Khan & Singh Property Management Ll
Walters Franchising LLC
Warranty Deed
$100,000 · Walters Franchising LLC
Jul 24, 2020
—
Walters Franchising LLC
Lacy Walters
Quit Claim Deed
related
—
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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