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Property profile & analytics
OFF-MARKET
Estimated value
$16,950,000
Retail space
11130 Tryon St Charlotte, NC 28273-4503
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2081652
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Total area
6,615 SF
Lot
1.16 ac (50,617 SF)
Zoning code
B-1SCD
APN
20140106
UPID
US53-2081652
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
-
Studio X Hair Salon
-
Feather's Wax Studio Spa & Massage Center Skin Care Clinic
-
Luxe & Lush Beauty Bar Spa & Massage Center Skin Care Clinic
-
Sunny Beauty Salon CLT Hair Salon Nail Salon
-
Divine Skin Studio Charlotte Spa & Massage Center Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$16.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.95M
Owner & transaction history
Old York LLC · 1 yrs held
Old York LLC
since 2024
Last sale
$17.0M
1 recorded transaction
Zoning & alternative use
B-1SCD · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to create and protect business centers for the retailing of merchandise such as groceries, drugs and household items and the provision of professional services for the convenience of dwellers of nearby residential areas
Zone name
Business Shopping Center District
General category
COMMERCIAL
Zone area
642.53 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$15.2M
+608.4%
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
$16,950,000
ML approach
$16,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$15,175,000
Change: +608% · Conversion: Difficult
Blend value · Realmo final
$16.95M
Range $15.26M – $18.65M · ±10% · vs last sale $16.95M (Dec 9 2024)
Last sale anchor
$16.95M
Dec 9 2024
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
$2,562 / 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
$11,173
Tax year 2023
Assessed value
$1,523,300
Assessed 2024
Previous assessed
$1,933,900
-21.2% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,259,900
Assessed improvement
$263,400
Land market value
$1,259,900
Improvement market value
$263,400
Total market value
$1,523,300
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
6,615 SF
Lot
1.16 ac (50,617 SF)
Zoning code
B-1SCD
APN
20140106
UPID
US53-2081652
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-1SCD · Charlotte, NCZoning B-1SCD · permitted uses
B-1SCD · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to create and protect business centers for the retailing of merchandise such as groceries, drugs and household items and the provision of professional services for the convenience of dwellers of nearby residential areas
Zone name
Business Shopping Center District
General category
COMMERCIAL
Zone area
642.53 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.2M
APARTMENT HOUSE (5+ UNITS)
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
1999
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
Old York LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1585 KAPIOLANI BLVD STE #1110, HONOLULU, HI 96814-4543
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2024
$16,950,000
Old York LLC
Pmt Partners V LLC
Warranty Deed
—
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.
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