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    101 Tryon St Charlotte, NC 28246

    Sponsored
    For Lease
    $7 SF/Yr

    Flexible workspace solutions in Uptown Charlotte.

    Lot size:
    5,453 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    Located at 101 N Tryon St, Suite 600, in the heart of Charlotte, NC (zip code 28246), this Mecklenburg County property offers a diverse range of office solutions. The space caters to various business needs, from traditional office setups to modern coworking environments, executive suites, and even medical or creative office spaces. Tenancy is multiple, allowing for flexibility in size and configuration. Businesses can choose from fully furnished and equipped private offices, scalable to accommodate teams of any size, from a single person to a large corporation. Customizable options are available, including disaster recovery spaces and day offices. Beyond private offices, the location provides coworking spaces, offering both dedicated desks and hot-desking options. A comprehensive suite of meeting rooms is also available, ranging from informal chat spaces to facilities suitable for presentations, training sessions, interviews, board meetings, and conferences. Virtual office options are also provided, including prestigious business addresses, mail handling, and professional virtual assistant services. Flexible working plans offer access to a global network of workspaces, providing options for access to private offices or coworking spaces on a daily, weekly, or monthly basis. While the total building square footage is not specified, the available office spaces range in size to accommodate various business needs. This prime location offers a professional, inspiring, and collaborative work environment, complete with a benefits program including exclusive discounts and procurement support.

    Property Features for 101 Tryon St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,453 SF

    Unit(s) available at that property

    Space
    Flexible coworking membership
    Size
    108 SF
    Rate per SF
    $12
    Space
    Open plan office space for + 10 people
    Size
    1,184 SF
    Rate per SF
    $28
    Space
    Private office for 5 people
    Size
    807 SF
    Rate per SF
    $20
    Space
    Coworking space
    Size
    328 SF
    Rate per SF
    $7
    Space
    Private office for 4 people
    Size
    646 SF
    Rate per SF
    $22
    Space
    Virtual Office
    Size
    54 SF
    Rate per SF
    $35
    Space
    Private office for 2 people
    Size
    538 SF
    Rate per SF
    $16
    Space
    Big block
    Size
    1,788 SF
    Rate per SF
    $119

    HighLights

    • Fully furnished, private offices available, ranging from single‑person to large corporate suites, including serviced, custom, disaster recovery, and day office options.
    • Coworking spaces with dedicated desks and hot‑desking options, fostering collaboration.
    • State‑of‑the‑art meeting rooms equipped with technology, support staff, and optional catering.
    • Virtual office solutions with prestigious addresses, mail forwarding, and call answering services available globally.
    • Flexible membership options offering access to office space, coworking areas, and lounges across a global network.
    Property Profile Location Intelligence

    Current Use by Public Records

    Courtyard Inn Hotel Hard Money Lenders ... Mortgage Lender Sanders D Blaine Attorney Tarr Andrew W Attorney Everett J. Bowman Attorney

    Suggested Use

    Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.842808
    Latitude
    35.227702

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    FAQs

    What type of property is this?
    Office space - Flexible workspace solutions in Uptown Charlotte.
    Where is this office space located?
    The property is located at 101 Tryon St Charlotte, NC.
    What is the lease rate?
    The lease rate is $7-$119 SF/Yr.
    What are key features of this property?
    This property features: Fully furnished, private offices available, ranging from single-person to large corporate suites, including serviced, custom, disaster recovery, and day office options.; Coworking spaces with dedicated desks and hot-desking options, fostering collaboration.; State-of-the-art meeting rooms equipped with technology, support staff, and optional catering.
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    Charlotte, NC 28246
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 Tryon St Charlotte, NC 28246
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