Medical Office Building with
For Sale
$1,500,000
5410 North Tryon Street, Charlotte, NC 28213
Established medical office asset with direct street exposure and TOD-TR zoning beside a retail center.
Property Size3,356 SF
Days on Market47
Property Features for 5410 North Tryon Street
General Information
Standard status
Active
Size
3,356 SF
Total Parking Spaces
21
Property subtype
Office
Zoning
TOD-TR
Additional Details
Road Access
Yes
Building Details
Building Size
3,356 SF
Year Built
1982
Listed By:
Azeem Hassan
(704) 475-0584
Source:
Cbcworldwide
Added: Sep 2
Changed: Oct 12
Last Checked: Oct 16 at 5:47AM
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 Azeem Hassan
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Investment Insights
Based on property information with market context.
This medical office building was constructed in 1982 and is positioned directly along North Tryon Street. The property is described as well maintained and functions as an outparcel to a strip center, giving the building a prominent position within the commercial setting.
North Tryon Street serves as a major north-south corridor in Charlotte, with reported daily traffic exceeding 36,000 vehicles. The site carries TOD-TR zoning, or Transit Oriented Development–Transition, providing a defined land-use framework for the property and its future planning considerations.
North Tryon Street serves as a major north-south corridor in Charlotte, with reported daily traffic exceeding 36,000 vehicles. The site carries TOD-TR zoning, or Transit Oriented Development–Transition, providing a defined land-use framework for the property and its future planning considerations.
Key Highlights
- Medical office building constructed in 1982
- Direct position on North Tryon Street in Charlotte
- Outparcel location beside a strip center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,830
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,600
$1.0M
Cap Rate 7%
$740,429
$740.4K
Cap Rate 9%
$575,889
$575.9K
Market Conditions
NOI Build-Up for 3,356 SF
Gross rent
$83.8K $24.96/SF
− Vacancy
−$14.7K −$4.37/SF
EGI
$69.1K $20.59/SF
− OpEx
−$17.3K −$5.15/SF
NOI
$51.8K $15.44/SF
Area
Charlotte, NC
Vacancy
17.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,600
Cap Rate 7%
$740,429
Cap Rate 9%
$575,889
Alternative Uses
Best Use
Office B
$740.4K
$647.9K – $863.8K
NOI $51,830 @ 7.0% cap · market cap 3.46%
Second Best
Healthcare Medical
$663.3K
$580.4K – $773.8K
NOI $46,430 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$1.12M
$977.9K – $1.30M
NOI $78,229 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
605
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28213, NC
47,215
Population
20,484
Households
2.3
Avg Household Size
31
Median Age
34%
College-Educated
86%
High-School Grad
14.2 sq mi
ZIP Area
3,325
Density / Sq Mi
$55,612
Median Household Income
$39,704
Median Earnings
$1,341
Median Rent
$251,700
Median Home Value
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Market
Vacancy Rate% for Office in Charlotte, NC
Frequently Asked Questions
What type of property is this?
Medical Office Space - Established medical office asset with direct street exposure and TOD-TR zoning beside a retail center.
Where is this medical office space located?
The property is located at 5410 North Tryon Street Charlotte, NC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Medical office building constructed in 1982; Direct position on North Tryon Street in Charlotte; Outparcel location beside a strip center
