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Property profile & analytics
OFF-MARKET
Estimated value
$6,430,000
Retail space
3541 Dewitt Ln Charlotte, NC 28217-1600
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-2048547
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Total area
7,770 SF
Lot
0.4 ac (17,493 SF)
Zoning code
I2
APN
14901205
UPID
US53-2048547
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
-
The Everyday Market - LoSo Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.43M
Owner & transaction history
Nc Loso LLC · 5 yrs held
Nc Loso LLC
since 2021
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
I2 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.4M
+82.2%
Restaurant
$5.0M
+68.6%
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
$7,045,000
ML approach
$6,685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,365,000
Change: +82% · Conversion: Easy
RESTAURANT
$4,965,000
Change: +69% · Conversion: Easy
Blend value · Realmo final
$6.43M
Range $5.79M – $7.07M · ±10% · vs last sale $6.00M (Apr 28 2021)
Last sale anchor
$6.00M
Apr 28 2021
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
$828 / 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
$15,803
Tax year 2023
Assessed value
$2,154,500
Assessed 2024
Previous assessed
$1,503,600
+43.3% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,338,900
Assessed improvement
$815,600
Land market value
$1,338,900
Improvement market value
$815,600
Total market value
$2,154,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1974
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
1
Total area
7,770 SF
Lot
0.4 ac (17,493 SF)
Zoning code
I2
APN
14901205
UPID
US53-2048547
Jurisdiction
MECKLENBURG
Zoning & alternative use
I2 · Charlotte, NC
Zoning I2 · permitted uses
I2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$5.4M
RESTAURANT
Est. value
$5.0M
COMMERCIAL (GENERAL)
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Nc Loso LLC
Entity
Free & Clear · 5 yrs held
Mailing address
5330 CALLANDER CT, CHARLOTTE, NC 28277-5537
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2023
—
Nc Loso LLC
—
Deed
related
$800,000 · First Bank
Apr 28, 2021
$6,000,000
Nc Loso LLC
Bar Loso LLC
Special Warranty Deed
—
Apr 28, 2021
—
Nc Loso LLC
Bar Loso LLC
Warranty Deed
$8,137,995 · State Bank & Trust Co
Feb 28, 2020
$8,600,000
Bar-loso LLC
Bin Scaleybark LLC
Grant Deed
—
Feb 28, 2019
—
Ben-scaleybark LLC
—
Grant Deed
related
$200,000,000 · Bank Of America
Jan 14, 2019
$6,287,000
Bin-scaleybark LLC
Vinson Ents INC
Grant Deed
—
Apr 30, 2012
$325,000
Vinson Ents INC
Ailene S Harris Properties LP
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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