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Property profile & analytics
OFF-MARKET
Estimated value
$4,200,000
Bars & Pubs
3049 Scott Futrell Dr Charlotte, NC 28208
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-0582981
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
2011
Total area
11,900 SF
Lot
4.33 ac (188,658 SF)
Zoning code
I-1
APN
6119106
UPID
US53-0582981
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
-
L Y Club Nightclub DJ & Entertainment
-
QC Sound Stage Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.20M
Owner & transaction history
Hpc Management LLC · 1 yrs held
Hpc Management LLC
since 2024
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
I-1 · 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
$4,200,000
ML approach
$4,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.20M
Range $3.78M – $4.62M · ±10% · vs last sale $4.20M (Jul 24 2024)
Last sale anchor
$4.20M
Jul 24 2024
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
$353 / 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
$21,811
Tax year 2023
Assessed value
$2,973,500
Assessed 2024
Previous assessed
$3,048,600
-2.5% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,614,100
Assessed improvement
$1,359,400
Land market value
$1,614,100
Improvement market value
$1,359,400
Total market value
$2,973,500
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
2011
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
11,900 SF
Lot
4.33 ac (188,658 SF)
Zoning code
I-1
APN
6119106
UPID
US53-0582981
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-1 · Charlotte, NC
Zoning I-1 · permitted uses
I-1 · 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
2011
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.33 ac
Current owner
From public records · entity-resolved
Hpc Management LLC
Entity
Mailing address
2221 OAK RD NE, NORTH LIBERTY, IA 52317-9365
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2024
$4,200,000
Hpc Management LLC
Charlotte Land Holdings Company LLC
Special Warranty Deed
$2,730,000 · First Citizens Bank & Trust Co
Nov 8, 2023
$4,000,000
Charlotte Land Holdings Company LLC
Ecmont Enterprises INC
Trustees Deed
related
—
Jan 7, 2020
$3,190,000
Ecmont Ents INC
Charlotte Land Holdings Co LLC
Grant Deed
$2,940,000 · Charlotte Land Holdings Co LLC
Jul 16, 2010
$475,000
Charlotte Land Holdings Co LLC
Ncjs LLC
Warranty Deed
—
Jul 16, 2010
—
Charlotte Land Holdings Co LLC
Ncjs LLC
Grant Deed
—
Jun 20, 2007
$356,000
Ncjs LLC
University Of North Carolina/chap
Grant Deed
—
Dec 15, 2006
—
University Of North Carolina/chap
Mcdonald,cary C & Jean H
Warranty Deed
related
—
Feb 27, 1997
—
Cary C Mcdonald
Mcdonald,cary C
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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