16 Trade St Tryon, NC 28782

OFF-MARKET

Office buildings

Property ID

US53-2477545

2,472 SF 0.08 ac lot Built 1905

Entity Owned 15-yr Hold

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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 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

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Publishing House Newspaper & Magazine

16 Trade St Tryon, NC 28782-6656

Tryon metro Census 920304

Google Maps

AI Approach AI

$270k

CAP Approach CAP

by Request

Comparable Approach Comparable

by Request

Blend (final) Blend

$270k

since 2011

2 recorded transactions

2019

Price N/A

2011

$300,000

Comparables

6 recent transactions · within 1.5 mi

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