Property profile

412 Palmer St Charlotte, NC 28203

OFF-MARKET
Bars & Pubs
Property ID
US53-1030699
5,419 SF 0.16 ac lot Built 1945
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1945
Total area 5,419 SF
Lot 0.16 ac (6,869 SF)
Zoning code TOD-UC
APN 7326704
UPID US53-1030699

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
  • Gym & Fitness Center
  • Production Facility Brewery & Distillery
  • Medical Clinic
  • Bar & Pub

Location

412 Palmer St Charlotte, NC 28203-4042
Charlotte metro Census 402 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2015
3 recorded transactions
2020
Price N/A
2015
$800,000
2014
$545,000

Zoning & alternative use

TOD-UC · Charlotte, NC
Zoning description

The Transit Urban Center Zoning District is appropriate for parcels near high-intensity rapid transit stations and streetcar stops

General category UNKNOWN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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