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Property profile & analytics
OFF-MARKET
Estimated value
$8,510,000
Retail space
12740 Tryon St, Charlotte, NC 28273-7275
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-3773188
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Total area
40,398 SF
Lot
4.54 ac (197,588 SF)
Zoning code
CC
APN
20123116
UPID
US53-3773188
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
-
Mr. BeBe (Barber at Classic Kutz Barbershop) Barber Shop
-
Therapeutic Oasis Spa & Massage Center
-
SM Beauty Cosmetic Store Big Box & Wholesale Store
-
Mr. Bebe (Classic Kutz Barbershop) Barber Shop
-
Richy Rouse & Co. Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.34M
CAP Approach
CAP
$10.41M
Comparable Approach
Comparable
$9.90M
Blend (final)
Blend
$8.51M
Owner & transaction history
Wf Steele Creek Phase II LLC · 5 yrs held
Wf Steele Creek Phase II LLC
since 2020
Last sale
$7.1M
4 recorded transactions
Zoning & alternative use
CC · 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
$8,220,000
ML approach
$8,335,000
CAP Approach
CAP Return
Estimation
6%
$11,275,000
6.5%
$10,405,000
7%
$9,665,000
Alternative Use
Use
Estimation
RETAIL STORES
$13,085,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$12,075,000
Change: -8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,525,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$8.51M
Range $7.66M – $9.36M · ±10% · vs last sale $7.10M (Aug 11 2020)
Last sale anchor
$7.10M
Aug 11 2020
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
$211 / 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
$51,289
Tax year 2023
Assessed value
$6,992,300
Assessed 2024
Previous assessed
$7,154,200
-2.3% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,196,600
Assessed improvement
$4,795,700
Land market value
$2,196,600
Improvement market value
$4,795,700
Total market value
$6,992,300
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
2016
Heating
STEAM
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
40,398 SF
Lot
4.54 ac (197,588 SF)
Zoning code
CC
APN
20123116
UPID
US53-3773188
Jurisdiction
MECKLENBURG
Zoning & alternative use
CC · Charlotte, NC
Zoning CC · permitted uses
CC · 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
RETAIL STORES Current
Est. value
$13.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.1M
AUTO REPAIR, GARAGE
Est. value
$10.5M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2016
Heating
STEAM
Cooling
Yes
Stories
1
Buildings
2
Lot
4.54 ac
Current owner
From public records · entity-resolved
Wf Steele Creek Phase II LLC
Entity
Free & Clear · 5 yrs held
Mailing address
10877 WILSHIRE BLVD STE 1105TH XX
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2020
$7,100,000
Wf Steele Creek Phase II LLC
Ck Steele Creek Phase II LLC
Grant Deed
—
Oct 13, 2017
—
Ck Steele Creek Phase II Ll
—
Deed
related
$5,000,000 · Wells Fargo Bank NA
Aug 20, 2015
—
Ck Steele Creek Phase II LLC
—
Trustees Deed
related
$5,256,000 · Wells Fargo Bk
Jul 1, 2015
$550,000
Ck Steele Creek Phase II LLC
Ck Steele Creek LLC
Grant 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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