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Property profile & analytics
OFF-MARKET
Estimated value
$1,895,000
Strip malls
2800 Sugar Crk Rd, Charlotte, NC 28262-7307
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0804498
Property summary
AI-generated overview
This exceptional 0.7-acre commercial land parcel, located at 2800 W Sugar Creek Rd in Charlotte, NC (APN 043-201-01), presents a prime opportunity. Situated within the Crossroads Shopping Center, this CG-zoned lot offers a high-visibility location at a signalized intersection. Ideal for a quick-service restaurant (QSR), a drive-thru concept is supported by a conceptual plan. The property benefits from its strategic position inside the I-485 loop, in a densely populated area of Charlotte. Nearby are Innovation Park (7,000+ employees), Atrium Health University (130-bed hospital), and UNC Charlotte (30,000+ students), ensuring a substantial customer base. The area boasts a population exceeding 216,000 within a 5-mile radius, with an average annual household income over $75,000. Projected population growth to nearly 245,000 by 2027 (1.24% annual growth rate) further enhances the investment potential. The existing parking lot was recently seal coated and restriped in 2022. This property is available for sale, lease, or build-to-suit. The diverse tenant mix of medical and retail establishments in the surrounding area provides a strong foundation for success.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Total area
52,976 SF
Lot
4.71 ac (205,211 SF)
Zoning code
B1
APN
4320101
UPID
US53-0804498
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
-
CashPoints® ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.90M
Owner & transaction history
Cityplat 2800 Sugar Creek LLC · 3 yrs held
Cityplat 2800 Sugar Creek LLC
since 2023
Last sale
$1.8M
3 recorded transactions
Zoning & alternative use
B1 · 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
$1,950,000
ML approach
$1,990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.90M
Range $1.71M – $2.08M · ±10% · vs last sale $1.82M (May 9 2023)
Last sale anchor
$1.82M
May 9 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
$36 / 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
$32,328
Tax year 2023
Assessed value
$4,407,300
Assessed 2024
Previous assessed
$4,629,400
-4.8% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,578,100
Assessed improvement
$1,829,200
Land market value
$2,578,100
Improvement market value
$1,829,200
Total market value
$4,407,300
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Rooms
25
Total area
52,976 SF
Lot
4.71 ac (205,211 SF)
Zoning code
B1
APN
4320101
UPID
US53-0804498
Jurisdiction
MECKLENBURG
Zoning & alternative use
B1 · Charlotte, NC
Zoning B1 · permitted uses
B1 · 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
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
25
Lot
4.71 ac
Current owner
From public records · entity-resolved
Cityplat 2800 Sugar Creek LLC
Entity
Mailing address
107 FAYETTEVILLE ST STE #400, RALEIGH, NC 27601-2916
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2023
$1,822,000
Cityplat 2800 Sugar Creek LLC
Sarah Tull Burns
Special Warranty Deed
$3,279,000 · New Republic Bank
May 9, 2023
$3,643,500
Cityplat 2800 Sugar Creek LLC
C Christopher Tull
Special Warranty Deed
$3,279,000 · New Republic Bank
May 9, 2023
—
C Christopher Tull
Olympia Investment Limited Partners
Special Warranty Deed
—
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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