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Property profile & analytics
FOR LEASE
Office buildings
201 South Tryon St, Charlotte, NC 28202
Entity Owned
9-yr Hold
Free & Clear
Property ID
US53-5831241
For Lease
1 / 7
Contact for pricing
201 South Tryon St, Charlotte, NC 28202
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Total area
241,540 SF
Lot
0.58 ac (25,471 SF)
Zoning code
UMUD
APN
12501301
UPID
US53-5831241
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
-
Plion General, Inc Construction Company General Contractor
-
The Bella Ciao Restaurant
-
Cash Cycle Solutions Inc Marketing & Advertising (Bike/Boat/Book/etc) Store
-
McGuireWoods LLP Law Firm
-
Moraites Robyn Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$61.22M
Comparable Approach
Comparable
$37.53M
Blend (final)
Blend
$50.10M
Owner & transaction history
201 South Tryon Owner LLC · 9 yrs held
201 South Tryon Owner LLC
since 2016
7 recorded transactions
Zoning & alternative use
UMUD · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$66,315,000
6.5%
$61,215,000
7%
$56,845,000
Blend value · Realmo final
$50.10M
Range $45.09M – $55.11M · ±10%
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
$207 / 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
$335,409
Tax year 2023
Assessed value
$45,727,200
Assessed 2024
Previous assessed
$56,074,800
-18.5% YoY
Effective rate
0.73%
On assessed value
Assessed land
$7,568,700
Assessed improvement
$38,158,500
Land market value
$7,568,700
Improvement market value
$38,158,500
Total market value
$45,727,200
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1960
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
1
Rooms
4
Total area
241,540 SF
Lot
0.58 ac (25,471 SF)
Zoning code
UMUD
APN
12501301
UPID
US53-5831241
Jurisdiction
MECKLENBURG
Zoning & alternative use
UMUD · Charlotte, NC
Zoning UMUD · permitted uses
UMUD · 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.
Building & site characteristics
From public records
Year built
1960
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
1
Rooms
4
Lot
0.58 ac
Current owner
From public records · entity-resolved
201 South Tryon Owner LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 56607, ATLANTA, GA 30343-0607
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2016
—
201 South Tryon Owner LLC
—
Deed
related
$38,000,000 · Miscellaneous Ins Co
Aug 18, 2016
$69,500,000
201 South Tryon Owner LLC
Mgra 201 S Tryon LLC
Grant Deed
related
—
Aug 12, 2016
$69,500,000
201 South Tryon Owner LLC
Mgra 201 S Tryon LLC
Grant Deed
—
Dec 19, 2007
—
Mgra 201 S Tryon LLC
Pfrs South Tryon Corp
Grant Deed
—
Sep 1, 2006
$68,500,000
Pfrs South Tryon Corp
Tryon Development LLC
Special Warranty Deed
$22,875,000 · Wachovia Bank NA
May 29, 1998
—
Tryon Development LLC
Tryon Developmen
Quit Claim Deed
related
—
May 26, 1998
$4,350,000
Tryon Development LLC
Tryon Developmen
Trustees Deed
related
—
—
—
201 South Tryon Owner LLC
—
Deed Of Trust
related
$38,000,000 · Miscellaneous Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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