Property profile

10800 Tryon St Charlotte, NC 28262

OFF-MARKET
Office buildings
Property ID
US53-1368793
2,398 SF 2.14 ac lot Built 1955
Entity Owned 19-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2.1-acre commercial land parcel presents a compelling investment opportunity in a high-traffic area of Charlotte, North Carolina. Located at 10800 N Tryon St, in Mecklenburg County (zip code 28262), this property boasts excellent visibility with an impressive daily traffic count of 36,000 vehicles. Currently zoned for Office/Hospitality use, it offers significant potential for rezoning, making it ideal for a variety of development projects. The owner is actively engaged and willing to cooperate with planning and rezoning efforts, streamlining the development process. Its strategic location near UNC Charlotte and the PNC Music Pavilion, coupled with its proximity to I-485 and N Tryon St/Hwy 29, ensures high visibility and accessibility. The surrounding area features numerous multifamily units, creating a strong demand for complementary commercial uses. The size and location are particularly well-suited for an indoor self-storage facility. This property is offered at $875,000 and presents a rare chance to acquire a highly desirable commercial land parcel in a rapidly growing area of Charlotte. The APN is 05103301. Don't miss this opportunity to capitalize on the vibrant growth and strong demand in this prime location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1955
Total area 2,398 SF
Lot 2.14 ac (93,393 SF)
Zoning code R-MH
APN 5103301
UPID US53-1368793

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

10800 Tryon St Charlotte, NC 28262-0462
Charlotte metro Census 5609 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$610k
Comparable Approach Comparable
$701k
Blend (final) Blend
$325k

Owner & transaction history

since 2006
3 recorded transactions
2006
Price N/A
1998
$225,000
1998
$225,000

Zoning & alternative use

R-MH · Charlotte, NC
Zoning description

The R-MH district is hereby established in order to provide for the proper location and planning of manufactured homes and mobile home parks and subdivisions

General category RESIDENTIAL
Top alternative use upside
Medical building $965,000 +59.7%
Retail stores $775,000 +28.3%
Neighborhood: shopping center $715,000 +18.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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