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Property profile & analytics
OFF-MARKET
Estimated value
$15,300,000
Turn key restaurants
8164 Tryon St, Charlotte, NC 28273-3325
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-2042244
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2003
Total area
5,609 SF
Lot
1.77 ac (77,014 SF)
Zoning code
CC
APN
20130127
UPID
US53-2042244
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
-
Chili's Grill & Bar Restaurant
-
It's Just Wings Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.30M
Owner & transaction history
Poma Realty Co INC · 5 yrs held
Poma Realty Co INC
since 2021
Last sale
$15.9M
4 recorded transactions
Zoning & alternative use
CC · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$12.9M
+259.0%
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
$18,670,000
ML approach
$10,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$12,870,000
Change: +259% · Conversion: Difficult
Blend value · Realmo final
$15.30M
Range $13.77M – $16.83M · ±10% · vs last sale $15.90M (Mar 10 2021)
Last sale anchor
$15.90M
Mar 10 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
$2,728 / 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
$20,294
Tax year 2023
Assessed value
$2,766,700
Assessed 2024
Previous assessed
$2,800,800
-1.2% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,586,900
Assessed improvement
$1,179,800
Land market value
$1,586,900
Improvement market value
$1,179,800
Total market value
$2,766,700
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2003
Heating
STEAM
Cooling
AC.PACKAGE
Stories
1
Total area
5,609 SF
Lot
1.77 ac (77,014 SF)
Zoning code
CC
APN
20130127
UPID
US53-2042244
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.9M
APARTMENT HOUSE (5+ UNITS)
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
2003
Heating
STEAM
Cooling
Yes
Stories
1
Lot
1.77 ac
Current owner
From public records · entity-resolved
Poma Realty Co INC
Entity
Mailing address
40 RTE 59, NYACK, NY 10960-2913
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2021
—
Poma Realty Co INC
Wf Whitehall Commons LLC
Warranty Deed
$3,000,000 · Bank Of Oak Ridge
Sep 15, 2017
$15,600,000
Wf Whitehall Commons LLC
Weingarten Realty Investors Trust
Special Warranty Deed
—
Oct 12, 2005
—
Rlty Investors Weingarten
Owner,record
Grant Deed
related
—
Oct 19, 2004
—
Whitehall Shops LLC
Whitehall Commons LLC
Quit Claim Deed
related
$5,700,000 · Ge Capital Assurance Co
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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