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    Property profile & analytics

    38 Trade St Tryon, NC 28782

    • Drug stores
    • 6,889 SF
    • 0.23 lot acres
    For Sale
    View listing
    $1,150,000
    Value Estimation
    Last Sale
    Dec 16, 2021
    $675,000
    Location Intelligence
    Property ID
    US53-3717186
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tekserve Inc / Computer Store

    Property Details for 38 Trade St

    Year built
    1915
    Lot size
    0.23 lot acres
    Property size
    6,889 SF
    Property type
    Drug stores
    APN
    T8-B4
    APU
    T8B4

    Description

    This exceptional 0.58-acre property at 38 N Trade Street in Tryon, NC, presents a unique investment opportunity. Listed at $1,150,000, this landmark building offers significant potential for redevelopment. The current owner has already invested over $200,000 in demolition and comprehensive building plans for a mixed-use development incorporating retail and apartment spaces. The property's substantial size allows for ample parking, accommodating over 30 vehicles – a highly desirable feature in the vibrant downtown Tryon area. Tryon's popularity as a residential and business hub makes this location exceptionally attractive. The building's prominent position ensures high visibility and strong public awareness, setting the stage for a successful future. Detailed architectural renderings and plans are available for review, showcasing the extensive groundwork already completed. This property is ready for a visionary investor to transform it into a thriving commercial and residential complex. The possibilities are virtually limitless, making this a truly exceptional investment opportunity. The hard work of initial demolition and planning is already done, leaving the canvas clear for your creative vision.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $730,000

    • CAP approach

      CAP return
      Estimation
      6%
      $605,000
      6.5%
      $625,000
      7%
      $700,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $680,000
      Geo Method
      $695,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $740,000
      Retail
      $700,000
      Mixed-Use
      $635,000
      Hospitality
      $700,000
      Educational
      $690,000
      Residential Income
      $595,000
      Energy
      $700,000
      Income-Based Land
      $610,000
      Food Service
      $615,000

    Location Insight

    • Map
    • Local Demand
    City
    Tryon
    County
    Polk
    State
    North Carolina
    Longitude
    -82.2385
    Latitude
    35.2092

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,526
    $115,000
    $500,598
    $615,598
    -
    $115,000
    $500,598
    $615,598

    Comparable in this City

    • Value Estimation
      $340,000
      3,890 SF

      516 Trade St

      RETAIL STORES (PERSONAL SERVICES) • 3,890 SF
      516 Trade St, Tryon, NC 28782-3714
      View Details
    • Value Estimation
      $120,000
      1,152 SF

      Hwy 176

      RETAIL STORES (PERSONAL SERVICES) • 1,152 SF
      Hwy 176, Tryon, NC 28782
      View Details
    • Value Estimation
      $510,000
      2,327 SF

      145 Trade St

      RETAIL STORES (PERSONAL SERVICES) • 2,327 SF
      145 Trade St, Tryon, NC 28782-3038
      View Details
    • Value Estimation
      $235,000
      1,513 SF

      35 Trade St

      RETAIL STORES (PERSONAL SERVICES) • 1,513 SF
      35 Trade St, Tryon, NC 28782-6654
      View Details
    • Value Estimation
      $250,000
      6,280 SF

      1141 Trade St

      RETAIL STORES (PERSONAL SERVICES) • 6,280 SF
      1141 Trade St, Tryon, NC 28782-3729
      View Details
    • Value Estimation
      $455,000
      3,396 SF

      570 Trade St

      FINANCIAL BUILDING • 3,396 SF
      570 Trade St, Tryon, NC 28782-3714
      View Details

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    38 Trade St
    Tryon, NC 28782
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    Realmo Value Estimation

    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.

    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
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