Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11524 Tryon St Charlotte, NC 28262-0459

    • Retail space
    • 20,620 SF
    • 6.38 lot acres
    OFF-MARKET
    Value Estimations
    $3,875,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4712538
    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

    • Creative Kids / Daycare Center
    • Sushi Queen Sushi and Grill Charlotte / Restaurant
    • Boost Mobile / Mobile Phone Store / Electronics & Wireless Store
    • Tobacco & Vapor 6 / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice
    • Pansy Nails / Nail Salon

    Property Details for 11524 Tryon St

    Year built
    2016
    Lot size
    6.38 lot acres
    Property size
    20,620 SF
    Zone code
    NS
    Property type
    Retail space
    APN
    5141115
    APU
    5141115

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,755,000
      6.5%
      $5,310,000
      7%
      $4,930,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $6,165,000
      AUTO REPAIR, GARAGE
      $5,375,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7135
    Latitude
    35.3345
    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
    $41,028
    $2,410,400
    $3,183,000
    $5,593,400
    -
    $2,410,400
    $3,183,000
    $5,593,400

    Comparable in this City

    • Value Estimation
      $2,225,000
      7,296 SF

      Charlotte, NC 28262

      RETAIL STORES (PERSONAL SERVICES) • 7,296 SF
      Charlotte, NC 28262
      View Details
    • Value Estimation
      $3,305,000
      11,836 SF

      5808 University Pointe Blvd

      RETAIL STORES (PERSONAL SERVICES) • 11,836 SF
      5808 University Pointe Blvd, Charlotte, NC 28262-5020
      View Details
    • Value Estimation
      $1,295,000
      6,867 SF

      2726 Sugar Crk Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,867 SF
      2726 Sugar Crk Rd, Charlotte, NC 28262-7305
      View Details
    • Value Estimation
      $745,000
      5,832 SF

      12210 Tryon St

      RETAIL STORES (PERSONAL SERVICES) • 5,832 SF
      12210 Tryon St, Charlotte, NC 28262-1631
      View Details
    • Value Estimation by Request
      4,641 SF

      8203 Ikea Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,641 SF
      8203 Ikea Blvd, Charlotte, NC 28262-5015
      View Details
    • Value Estimation
      $1,465,000
      6,000 SF

      1823 Arbors Dr

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      1823 Arbors Dr, Charlotte, NC 28262-2725
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      N Tryon Street Land Parcels

      Land parcels available for mixed-use development on N Tryon.
      12440 N Tryon St, Charlotte, NC 28262
      View Details
    • $456,184
      1,250 SF

      Retail Property in Charlotte, NC

      Retail property available for sale in Charlotte, North Carolina.
      10230 Berkeley Place Dr, Charlotte, NC 28262
      View Details
    • $3,438,700

      Freestanding Retail Property For Sale

      4,998 SF retail property in Charlotte, 100% occupied.
      8926 J M Keynes Dr, Charlotte, NC 28262
      View Details
    • $185,000
      0.57 Acres

      Land Near I-85, Charlotte

      0.57 acre commercial land near I-85 in Charlotte, NC.
      9200 Legranger Rd, Charlotte, NC 28262
      View Details
    • $699,999
      3.16 Acres

      Residential Land Near Mallard Creek

      3.16 acres of residential land near Mallard Creek and I-485.
      520 Lawrence Gray Rd, Charlotte, NC 28262
      View Details
    • Contact for pricing

      Dynamic Campus in University City

      200-acre campus designed for connection, creativity, and well-being.
      8505 Ibm Dr, Charlotte, NC 28262
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,253 SF

      Retail Space in University City

      Retail space for lease in a vibrant, accessible location.
      930 West Mallard Creek Church Rd, Charlotte, NC 28262
      View Details
    • Contact for pricing

      Freestanding Retail Space Available

      Prime retail space near University Place, available February 2026.
      8701 Jw Clay Blvd, Charlotte, NC 28262
      View Details
    • Contact for pricing
      4,484 SF

      Retail Space Near University

      Retail space available near the University of North Carolina Charlotte.
      8648 Jw Clay Blvd, Charlotte, NC 28262
      View Details
    • Contact for pricing

      Retail Space in University City

      Retail spaces available for lease in Charlotte's University City.
      Charlotte Nc, Charlotte, NC 28262
      View Details
    • Contact for pricing

      Office/Retail Space in University Area

      Office and retail spaces in a high-traffic University area.
      10400 Mallard Creek Rd, Charlotte, NC 28262
      View Details
    • Contact for pricing

      Retail/Office Space Near University

      New retail or office space near University City Boulevard Station.
      7205 N Tryon St, Charlotte, NC 28262
      View Details

    Property Visit Statistics

    • Visits by month
      62.5k
    • Visitors by month
      32.8k
    • Avg Time on site
      22 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11524 Tryon St
    Charlotte, NC 28262-0459
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!