Property profile

8648 Jw Clay Blvd Charlotte, NC 28262

OFF-MARKET
Drive through restaurants
Property ID
US53-1120346
3,841 SF 0.96 ac lot Built 1994
Entity Owned 31-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a retail space located at the entrance of University Executive Park in the northeast submarket of Charlotte, North Carolina, within walking distance of The University of North Carolina at Charlotte. The space has 4,484 square feet of area, and the site is positioned near the light rail, providing access to traffic originating from the Uptown and South End residential markets.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1994
Total area 3,841 SF
Lot 0.96 ac (41,841 SF)
Zoning code B-1SCD
APN 4725206
UPID US53-1120346

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
  • Restaurant Take-out & Catering

Location

8648 Jw Clay Blvd Charlotte, NC 28262-8418
Charlotte metro Census 5534 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
$723k
Blend (final) Blend
$550k

Owner & transaction history

since 1994
1 recorded transaction
1994
$695,000

Zoning & alternative use

B-1SCD · Charlotte, NC
Zoning description

The purpose of this district is to create and protect business centers for the retailing of merchandise such as groceries, drugs and household items and the provision of professional services for the convenience of dwell…

General category COMMERCIAL

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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