New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,895,000
Drive through restaurants
Charlotte, NC 28211
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1623722
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1979
Total area
83,527 SF
Lot
7.91 ac (344,560 SF)
Zoning code
B1CD
APN
15705136
UPID
US53-1623722
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.90M
Owner & transaction history
Mmse Date LP · 1 yrs held
Mmse Date LP
since 2025
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
B1CD · 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
$2,655,000
ML approach
$3,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.90M
Range $2.61M – $3.18M · ±10% · vs last sale $2.84M (Apr 22 2025)
Last sale anchor
$2.84M
Apr 22 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
$35 / 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
$77,189
Tax year 2023
Assessed value
$10,523,400
Assessed 2024
Previous assessed
$10,138,600
+3.8% YoY
Effective rate
0.73%
On assessed value
Assessed land
$5,168,100
Assessed improvement
$5,355,300
Land market value
$5,168,100
Improvement market value
$5,355,300
Total market value
$10,523,400
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
1979
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
1
Units
1
Rooms
24
Total area
83,527 SF
Lot
7.91 ac (344,560 SF)
Zoning code
B1CD
APN
15705136
UPID
US53-1623722
Jurisdiction
MECKLENBURG
Zoning & alternative use
B1CD · Charlotte, NC
Zoning B1CD · permitted uses
B1CD · 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
1979
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Units
1
Rooms
24
Lot
7.91 ac
Current owner
From public records · entity-resolved
Mmse Date LP
Entity
Mailing address
1200 E MOREHEAD ST STE #280, CHARLOTTE, NC 28204-2872
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2026
—
Ac PC 931 North Wendover Owner
—
Deed
related
$13,495,000 · First National Bank Of Pennsylvania
Apr 22, 2025
$2,840,000
Mmse Date LP
Ac PC 931 North Wendover Owner LLC
Special Warranty Deed
$1,100,000 · First Internet Bank Of Indiana
Nov 1, 2021
—
Ac PC 931 North Wendover Owner LLC
Wendover Plaza LLC
Deed
—
Nov 1, 2021
$10,000,000
Ac PC 931 North Wendover Owner LLC
Wendover Plaza LLC
Special Warranty Deed
—
Oct 19, 2021
—
Goodwill Industries Of Southern Pie
Ac PC 931 North Wendover Owner LLC
Lease
—
Apr 10, 2017
—
Wendover Plaza LLC
—
Deed
related
$5,500,000 · Entegra Bk
Sep 12, 1997
—
Wendover Plaza LLC
Ricker,carl H JR
Grant Deed
$4,600,000 · First Union National Bank
Sep 24, 1992
$2,610,000
Carl H Ricker JR.
Unknown
Grant Deed
—
—
—
Wendover Plaza LLC
—
Deed Of Trust
related
$5,500,000 · Entegra Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Own this property?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
