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Property profile & analytics
OFF-MARKET
Estimated value
$3,185,000
Drive through restaurants
5121 Trojan Dr Charlotte, NC 28278-6694
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-3930829
Property summary
AI-generated overview
This exceptional 4,529-square-foot restaurant building is available for sale in Charlotte, North Carolina. Located at 5121 Trojan Drive, this standalone property sits on a 2.125-acre lot and boasts a highly visible location between Charlotte Premium Outlets and Berewick Town Center in the southwest area of the city. Built in 2017, the structure features brick and wood construction and is zoned CC. The property benefits from abundant parking and high traffic counts, with 38,500 vehicles per day traveling on nearby Steele Creek Road. This presents a significant opportunity for restaurant owners or investors seeking a well-established location with strong visibility and convenient access for customers. The property's 2017 construction ensures modern amenities and efficient design. Its strategic location within a thriving commercial area guarantees high foot traffic and potential for significant returns. The ample parking ensures customer convenience and ease of access. The property's parcel number is 19924161. Contact for pricing.
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2017
Total area
4,529 SF
Lot
2.13 ac (92,565 SF)
Zoning code
CC
APN
19924161
UPID
US53-3930829
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
-
Smithfield's Chicken 'N Bar-B-Q Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.35M
Blend (final)
Blend
$3.19M
Owner & transaction history
Cft Nv Developments LLC · 1 yrs held
Cft Nv Developments LLC
since 2025
Last sale
$3.3M
3 recorded transactions
Zoning & alternative use
CC · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.1M
+8.1%
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
$3,090,000
ML approach
$3,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,895,000
Current use
COMMERCIAL (GENERAL)
$3,130,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$3.19M
Range $2.87M – $3.50M · ±10% · vs last sale $3.30M (Mar 3 2025)
Last sale anchor
$3.30M
Mar 3 2025
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
$703 / 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
$23,154
Tax year 2023
Assessed value
$3,156,600
Assessed 2024
Previous assessed
$3,304,200
-4.5% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,786,700
Assessed improvement
$1,369,900
Land market value
$1,786,700
Improvement market value
$1,369,900
Total market value
$3,156,600
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2017
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
4,529 SF
Lot
2.13 ac (92,565 SF)
Zoning code
CC
APN
19924161
UPID
US53-3930829
Jurisdiction
MECKLENBURG
Zoning & alternative use
CC · Charlotte, NC
Zoning CC · permitted uses
CC · 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
RESTAURANT Current
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$3.1M
RESTAURANT Current
COMMERCIAL (GENERAL)
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
2017
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
2.13 ac
Current owner
From public records · entity-resolved
Cft Nv Developments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 979, CARY, NC 27512-0979
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2025
$3,300,000
Cft Nv Developments LLC
Vivera Properties LLC
Special Warranty Deed
—
Jun 1, 2023
$3,200,000
Vivera Properties LLC
Oakwood Properties LLC
Special Warranty Deed
—
May 25, 2017
$950,000
Madh LLC
Steele Creek LLC
Special Warranty Deed
$2,648,000 · Capital Bank Corporation
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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