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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Bars & Pubs
4800 Monroe Rd, Charlotte, NC 28205-7804
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-2772962
Property summary
AI-generated overview
This exceptional 3,972-square-foot restaurant space is available for lease in Charlotte, North Carolina's desirable Oakhurst neighborhood. The property is a single-tenant building, offering a turnkey opportunity for a new restaurant concept. The building boasts a substantial existing kitchen, complete with a walk-in cooler and a ventilation hood, significantly reducing initial build-out costs. An expansive patio provides ample outdoor seating, perfect for enjoying the vibrant Oakhurst atmosphere. Convenient on-site surface parking is available for patrons and staff. The location benefits from high visibility and proximity to a thriving retail environment. Nearby establishments include Common Market, Teal Turnip, Night Swim Coffee, Anytime Fitness, and Lemonade Fit, ensuring high foot traffic and a strong customer base. This second-generation restaurant building presents a rare opportunity to establish a successful business in a sought-after area of Charlotte. The address is 4800 Monroe Road, Charlotte, NC 28205. The entire 3,972 square feet is currently vacant and ready for immediate occupancy.
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1933
Total area
4,144 SF
Lot
0.2 ac (8,702 SF)
Zoning code
R-4
APN
16108217
UPID
US53-2772962
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
-
Forty 8 Hundred Caribbean Restaurant & Lounge Restaurant
-
Mac Bonies Restaurant
-
ZillionHeirs Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.53M
Owner & transaction history
Monroe Road Investors LLC · 5 yrs held
Monroe Road Investors LLC
since 2020
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
R-4 · 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
$1,610,000
ML approach
$1,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10% · vs last sale $1.39M (Sep 11 2020)
Last sale anchor
$1.39M
Sep 11 2020
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
$368 / 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
$2,477
Tax year 2023
Assessed value
$337,700
Assessed 2024
Previous assessed
$342,400
-1.4% YoY
Effective rate
0.73%
On assessed value
Assessed land
$234,000
Assessed improvement
$103,700
Land market value
$234,000
Improvement market value
$103,700
Total market value
$337,700
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
1933
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Rooms
6
Total area
4,144 SF
Lot
0.2 ac (8,702 SF)
Zoning code
R-4
APN
16108217
UPID
US53-2772962
Jurisdiction
MECKLENBURG
Zoning & alternative use
R-4 · Charlotte, NC
Zoning R-4 · permitted uses
R-4 · 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
1933
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Rooms
6
Lot
0.2 ac
Current owner
From public records · entity-resolved
Monroe Road Investors LLC
Entity
Mailing address
2131 AYRSLEY TOWN BLVD STE #300, CHARLOTTE, NC 28273-3596
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2025
—
Monroe Road Investors LLC
—
Deed
related
$1,650,000 · First Bank
Sep 11, 2020
$1,390,000
Monroe Road Investors LLC
Bryant W Cutter
Grant Deed
$1,250,000 · Bryant W & Nancy L Cutter
Feb 6, 2006
$189,000
Bryant W Cutter
Aycoth,martha S
Warranty Deed
—
—
—
Martha S Aycoth
—
Deed Of Trust
related
$60,000 · Apex Mortgage Corp
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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