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Property profile & analytics
FOR LEASE
Office buildings
101 S Tryon St Charlotte, NC 28280
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-2078890
For Lease
1 / 40
$43 SF/Yr
101 S Tryon St, Charlotte, NC 28280
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Total area
865,160 SF
Lot
2.8 ac (122,099 SF)
Zoning code
UMUD
APN
12501227
UPID
US53-2078890
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Courtyard Inn Hotel & Motel
-
Hard Money Lenders Charlotte NC Loan Service Bank
-
Sanders D Blaine Law Firm
-
Tarr Andrew W Law Firm
-
Everett J. Bowman Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$174.61M
Blend (final)
Blend
$163.87M
Owner & transaction history
Deriva Energy LLC · 1 yrs held
Deriva Energy LLC
since 2025
5 recorded transactions
Zoning & alternative use
UMUD · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Charlotte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charlotte submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$258,620,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$163.87M
Range $147.48M – $180.25M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$189 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,558,840
Tax year 2023
Assessed value
$212,520,800
Assessed 2024
Previous assessed
$223,345,700
-4.8% YoY
Effective rate
0.73%
On assessed value
Assessed land
$20,123,500
Assessed improvement
$192,397,300
Land market value
$20,123,500
Improvement market value
$192,397,300
Total market value
$212,520,800
Applied tax rate
8.0000
Comparables
1 recent transactions · within 1.5 miComparable in this city
1 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1973
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
1
Rooms
1
Total area
865,160 SF
Lot
2.8 ac (122,099 SF)
Zoning code
UMUD
APN
12501227
UPID
US53-2078890
Jurisdiction
MECKLENBURG
Zoning & alternative use
UMUD · Charlotte, NC
Zoning UMUD · permitted uses
UMUD · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Charlotte. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$258.6M
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
1
Rooms
1
Lot
2.8 ac
Current owner
From public records · entity-resolved
Deriva Energy LLC
Entity
Free & Clear · 1 yrs held
Mailing address
535 MADISON AVE, NEW YORK, NY 10022-4214
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2025
—
Deriva Energy LLC
Tryon Cabosparkles LP
Deed
—
Aug 4, 2021
$271,500,000
Tryon Cabosparkles LLC
101 South Tryon LP
Special Warranty Deed
$238,753,000 · Ares Commercial Real Estate Management
Oct 27, 2006
$194,100,000
Harvard 101 South Behringer
Bre Of Tz Properties LLC
Grant Deed
$150,000,000 · Citigroup Global Markets Realt
Oct 16, 2006
$153,909,500
Bre/tz Properties LLC
Trizec Holdings LLC
Special Warranty Deed
—
—
—
101 South Tryon LP
—
Deed Of Trust
related
$1,500,000,000 · Wells Fargo Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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