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Property profile & analytics
OFF-MARKET
Office buildings
16 Trade St, Tryon, NC 28782-6656
Entity Owned
15-yr Hold
Property ID
US53-2477545
Property summary
AI-generated overview
This three-story, 7,546-square-foot Class C warehouse is located at 16 N Trade St, Tryon, NC 28782. Built in 1905, the property sits on a 0.08-acre lot and is zoned M. The building features a total of 7,546 square feet across three floors. The current owner is open to a lease-back arrangement for a portion of the building. This includes the basement (2,515 square feet) at $5 per square foot NNN and most of the first floor (1,506 square feet) at $8.25 per square foot NNN. The total lease-back area is 4,021 square feet, with an annual rent of $25,000 plus 53% of building operating expenses. Annual property taxes and insurance are currently $6,395. This presents a unique opportunity for an investor seeking a mixed-use strategy. The building's floor area ratio is 2.17. The property is currently vacant and available for purchase at $499,000 with a triple net (NNN) lease structure. This industrial property offers significant potential for various uses given its size, location, and zoning.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1905
Total area
2,472 SF
Lot
0.08 ac (3,485 SF)
APN
T8-B2
UPID
US53-2477545
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
-
Tryon Daily Bulletin Publishing House Newspaper & Magazine
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tryon Newsmedia LLC · 15 yrs held
Tryon Newsmedia LLC
since 2011
2 recorded transactions
Zoning & alternative use
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 Tryon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tryon 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,107
Tax year 2023
Assessed value
$367,807
Assessed 2023
Previous assessed
$367,807
+0.0% YoY
Effective rate
0.57%
On assessed value
Assessed land
$40,000
Assessed improvement
$327,807
Land market value
$40,000
Improvement market value
$327,807
Total market value
$367,807
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1905
Heating
NONE
Cooling
YES
Rooms
5
Bathrooms
2
Total area
2,472 SF
Lot
0.08 ac (3,485 SF)
APN
T8-B2
UPID
US53-2477545
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1905
Heating
NONE
Cooling
Yes
Rooms
5
Bathrooms
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Tryon Newsmedia LLC
Entity
Mailing address
16 N TRADE ST, TRYON, NC 28782-6656
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2019
—
Tryon Newsmedia LLC
—
Deed
related
$639,124 · Smartbank
Jun 14, 2011
$300,000
Tryon Newsmedia LLC
Jeffrey A Byrd
Warranty Deed
$970,150 · Hjk INC
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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