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Property profile & analytics
OFF-MARKET
Estimated value
$10,290,000
Theaters & concert halls
511 36th St, Charlotte, NC 28205-1103
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-5312255
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1947
Total area
29,372 SF
Lot
0.55 ac (23,988 SF)
Zoning code
MUDDO
APN
9110201
UPID
US53-5312255
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
-
Env Nail Spa Nail Salon
-
Neighborhood Theatre Music Venue Bar & Pub
-
Essence of Beauty Hair Salon Nail Salon
-
The Ink Lounge NoDa Tattoo & Piercing Shop
-
STX Print and Design Apparel Shop Printing Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.29M
Owner & transaction history
Mvcnc Owner LLC · 3 yrs held
Mvcnc Owner LLC
since 2023
Last sale
$10.3M
7 recorded transactions
Zoning & alternative use
MUDDO · 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
$11,015,000
ML approach
$9,540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,390,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$10.29M
Range $9.26M – $11.32M · ±10% · vs last sale $10.30M (Feb 17 2023)
Last sale anchor
$10.30M
Feb 17 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
$350 / 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
$64,139
Tax year 2023
Assessed value
$8,744,200
Assessed 2024
Previous assessed
$8,749,300
-0.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,681,900
Assessed improvement
$7,062,300
Land market value
$1,681,900
Improvement market value
$7,062,300
Total market value
$8,744,200
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1947
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
2
Units
1
Rooms
20
Total area
29,372 SF
Lot
0.55 ac (23,988 SF)
Zoning code
MUDDO
APN
9110201
UPID
US53-5312255
Jurisdiction
MECKLENBURG
Zoning & alternative use
MUDDO · Charlotte, NC
Zoning MUDDO · permitted uses
MUDDO · 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
OFFICE BUILDING
Est. value
$6.4M
OFFICE BUILDING
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
1947
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Units
1
Rooms
20
Lot
0.55 ac
Current owner
From public records · entity-resolved
Mvcnc Owner LLC
Entity
Mailing address
429 CHESTNUT ST, NASHVILLE, TN 37203-4802
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2023
$10,300,000
Mvcnc Owner LLC
36 And Noda LLC
Special Warranty Deed
$5,400,000 · Fourth Capital Bank
Sep 19, 2016
$5,600,000
36 & Noda LLC
North Davidson Acquisitions Ll
Grant Deed
$2,500,000 · Bank Of The Ozarks
Sep 19, 2016
—
36 & Noda LLC
North Davidson Acquisitions Ll
Grant Deed
—
Oct 29, 2008
—
Mercury Noda LLC
North Davidson Acquisitions LLC
Warranty Deed
$350,000 · Branch Banking And Trust Co
Apr 5, 2007
—
North Davidson Acquisitions Ll
Neighborhood Properties LLC
Warranty Deed
$3,858,031 · First South Bank
Apr 5, 2007
$5,100,000
North Davidson Acquisitions Ll
Neighborhood Properties LLC
Grant Deed
—
Aug 25, 1998
—
Neighborhood Properties Ll
Neighborhood Pro
Quit Claim Deed
related
—
Jan 6, 1998
—
Donald W Powers
Powers,donald W
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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