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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11020 Tryon St Ste, Unit 408 Charlotte, NC 28273-6662

    • Office Properties & Spaces
    • 625 SF
    • 3.46 lot acres
    OFF-MARKET
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    3.7%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US53-0723023
    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

    • Office Properties & Spaces

    Property Details for 11020 Tryon St Ste

    Year built
    2005
    Lot size
    3.46 lot acres
    Property size
    625 SF
    Zone code
    O1CD
    Property type
    Office Properties & Spaces
    APN
    20140124
    APU
    20140124

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $187,000
      Market price range: $76.1k - $188k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $430,000
      MEDICAL BUILDING
      $250,000
      RETAIL STORES
      $200,000
      NEIGHBORHOOD: SHOPPING CENTER
      $185,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.96
    Latitude
    35.117
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    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
    $1,347
    $0.00
    $183,700
    $183,700
    -
    $0.00
    $183,700
    $183,700

    Comparable in this City

    • Value Estimation
      $315,000
      1,152 SF

      228 Westinghouse Blvd Ste, Unit 104

      CONDOMINIUM OFFICES • 1,152 SF
      228 Westinghouse Blvd Ste, Charlotte, NC 28273-6246
      View Details
    • Value Estimation
      $250,000
      7,500 SF

      11040 Tryon St Ste, Unit 202

      CONDOMINIUM OFFICES • 7,500 SF
      11040 Tryon St Ste, Charlotte, NC 28273-4616
      View Details
    • Value Estimation
      $375,000
      1,620 SF

      10922 Tryon St Ste B

      CONDOMINIUM OFFICES • 1,620 SF
      10922 Tryon St Ste B, Charlotte, NC 28273-4152
      View Details
    • Value Estimation
      $265,000
      1,248 SF

      224 Westinghouse Blvd Ste, Unit 604

      CONDOMINIUM OFFICES • 1,248 SF
      224 Westinghouse Blvd Ste, Charlotte, NC 28273-6248
      View Details
    • Value Estimation
      $280,000
      1,218 SF

      10960 Winds Xing Dr Ste, Unit 300

      CONDOMINIUM OFFICES • 1,218 SF
      10960 Winds Xing Dr Ste, Charlotte, NC 28273-6776
      View Details
    • Value Estimation
      $350,000
      2,400 SF

      10955 Winds Xing Dr Ste, Unit 400

      CONDOMINIUM OFFICES • 2,400 SF
      10955 Winds Xing Dr Ste, Charlotte, NC 28273-6778
      View Details

    Similar Nearby for Sale

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    • $410,000
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      Office-Warehouse Condo Near I-77

      3,375 SF office-warehouse condo in well-kept complex near I-77.
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      1.13 Acres

      Steele Creek Commercial Land

      1.134 Acres, High-Visibility Lot
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      Industrial Land Near Charlotte Airport

      3.305-acre industrial outdoor storage with excellent logistics accessibility.
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    • $2,800,000

      Land Near Carowinds Amusement Park

      Rough graded land with utilities near South Tryon and I-77.
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      Land available for retail development in Southwest Charlotte.
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    Similar Nearby for Lease

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      Charlotte Executive Office & Warehouse Space

      338,000 SF Multi-Tenant Building, 27,040 SF Available
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    • Contact for pricing
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    • $26 SF/Yr
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      Prime Office Space, Dixie River Rd.

      Class A Office, 2,500 SF Available
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    • $13 SF/Yr
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      Charlotte Office/Warehouse Space

      Prime I-77 location, flexible spaces available
      9625 Southern Pine Blvd, Charlotte, NC 28273
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    • Contact for pricing
      2,192 SF

      Office Space in Ayrsley

      Office space in a live-work-play environment with many amenities.
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      View Details
    • $35 SF/Yr
      11,067 SF

      Medical Office Building in Charlotte

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      View Details
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    Charlotte, NC 28273-6662
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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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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