Property summary
This stabilized, 10,272 square foot shopping center in Charlotte, NC, presents a compelling investment opportunity. Located at 9720 S Tryon St, this two-tenant property boasts a 100% occupancy rate and a strong net operating income (NOI) of $270,584, yielding a 6.80% cap rate. The asking price is $3,980,000, translating to $387.46 per square foot. Built in 1987 and extensively renovated in 2023, the property features a new roof (2022), replaced stucco, restriped parking lot (2022), upgraded… signage (2023), and a new HVAC and furnace (October 2023). This minimizes near-term capital expenditure requirements for the new owner. The property sits on a 1.682-acre lot with over 330 feet of frontage on South Tryon Street, a major thoroughfare with 38,000 vehicles daily. Tenants include a long-term dental practice (lease renewed through 2029 and partnered with a national dental partnership) and another tenant with a lease expiring June 30, 2032. Leases include annual rent growth, with one tenant benefiting from CPI adjustments and the other from a 2.5% annual increase. The property is situated in a high-growth area with a dense and affluent population; within a 3-mile radius, there are over 50,000 residents with an average household income of $97,036. The area's population has increased by 35% since 2010, and the daytime population within a 1-mile radius is more than double the nighttime population. The property is also conveniently located near several major corporate offices, including Microsoft, Spectrum, and Xerox. The property is offered fee simple with a NNN lease structure.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
3 recorded sales · 18 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 9,704 SF
- Lot area
- 1.64 ac
- Year built
- 1987
- Stories
- 1
- APN
- 20118138
- Zoning
- I-1
- Assessed value · 2024
- $1,957,000
- Annual tax · 2023
- $14,355
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
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- Alternative use
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