Move-In Ready Office Retail
2923 S Tryon St Charlotte, NC 28203
For Sale
Contact for pricing
Move-in ready open floor plan condo unit suited for office, showroom, or flex use in an adaptive reuse building.
Property Size1,456 SF
Price / SF$546.02
Days on Market122
Property Features for 2923 S Tryon St
General Information
Standard status
Active
Size
1,456 SF
Property subtype
Office
Building Details
Year Built
1955
Listing Agency:
Park Commercial Real Estate
(704) 218-9204
Listed By:
Charlie Swanson Jr. · License #NC 175197
Source:
Crexi
Added: Mar 31
Changed: Jul 23
Last Checked: Jul 29 at 2:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Park Commercial Real Estate
Investment Insights
Based on property information with market context.
This move-in ready condo unit offers an open floor plan and is described as in excellent condition. The property is presented as an office/retail condo within an adaptive reuse building, with the space positioned for office, showroom, design, medical, and flex uses.
The offering is located in the heart of South End, with numerous walkable amenities and noted proximity to the New Bern Light Rail Station, one block away. The combination of an open interior layout and mixed-use orientation supports a range of day-to-day commercial uses.
Prospective buyers should refer to the provided flyer for the unit layout and additional specifics.
The offering is located in the heart of South End, with numerous walkable amenities and noted proximity to the New Bern Light Rail Station, one block away. The combination of an open interior layout and mixed-use orientation supports a range of day-to-day commercial uses.
Prospective buyers should refer to the provided flyer for the unit layout and additional specifics.
Key Highlights
- Open floor plan condo unit built in 1955
- Move‑in ready for office, showroom, or flex use
- Adaptive reuse building supports office, showroom, design, medical, and flex uses
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.8k | $24.60 |
| − Vacancy | −$992 | −$0.68 |
| EGI | $34.8k | $23.92 |
| − OpEx | −$10.4k | −$7.18 |
| NOI | $24.4k | $16.74 |
1,456 SF · lease $24.60/SF/yr · vacancy 2.77% · expense 30.00%
Alternative Uses
Best Use
Retail
$348.3K
$304.7K – $406.3K
NOI $24,378 @ 7.0% cap · market cap 3.07%
Second Best
Office B
$321.2K
$281.1K – $374.8K
NOI $22,486 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$484.9K
$424.3K – $565.7K
NOI $33,940 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Move-in ready open floor plan condo unit suited for office, showroom, or flex use in an adaptive reuse building.
Where is this office units located?
The property is located at 2923 S Tryon St Charlotte, NC.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Open floor plan condo unit built in 1955; Move‑in ready for office, showroom, or flex use; Adaptive reuse building supports office, showroom, design, medical, and flex uses
