Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2020 Tryon St, Unit 2 Charlotte, NC 28203-5582
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2020 Tryon St, Unit 2 Charlotte, NC 28203-5582

    View on Map
    • Office properties & Spaces
    • 4,790 SF
    • 2.86 lot acres
    Off-Market
    Property ID
    US53-2413780
    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.
    Value Estimations
    $1,025,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Integrity Maintenance Repair / Auto Repair Shop
    • Apple Rock Displays / Marketing & Advertising / Event Planning
    • REMIS Properties / Corporate Office
    • Worth Advisors / Financial Advisor
    • Capstone Civil Engineering / Engineer

    Property Details for 2020 Tryon St

    Year built
    2008
    Lot size
    2.86 lot acres
    Property size
    4,790 SF
    Zone code
    I1
    Property type
    Office properties & Spaces
    APN
    11906329
    APU
    11906329

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,315,000
      6.5%
      $1,215,000
      7%
      $1,125,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $682,000
      Market price range: $527k - $1.82M

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8655
    Latitude
    35.2124
    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
    $7,853
    $0.00
    $1,070,600
    $1,070,600
    -
    $0.00
    $1,070,600
    $1,070,600

    Comparable in this City

    • Value Estimation by Request
      370,000 SF

      110 East Blvd

      Office properties & Spaces • 370,000 SF
      110 East Blvd, Charlotte, NC 28203
      View Details
    • Value Estimation by Request

      1927 Tryon St

      Office properties & Spaces
      1927 Tryon St, Charlotte, NC 28203
      View Details
    • Value Estimation by Request
      3,470 SF

      1700 East Blvd

      Office properties & Spaces • 3,470 SF
      1700 East Blvd, Charlotte, NC 28203
      View Details
    • Value Estimation by Request
      5,879 SF

      1514 Southwood Ave

      Office Units • 5,879 SF
      1514 Southwood Ave, Charlotte, NC 28203
      View Details
    • Value Estimation
      $2,950,000
      5,694 SF

      1310 Tryon St, Unit H

      CONDOMINIUM OFFICES • 5,694 SF
      1310 Tryon St, Charlotte, NC 28203-4232
      View Details
    • Value Estimation by Request
      1,653 SF

      800 Ee Blvd, Unit 2

      CONDOMINIUM OFFICES • 1,653 SF
      800 Ee Blvd, Charlotte, NC 28203-5465
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      South End Urban Core Property

      Prime location in Charlotte's South End near future development.
      308 Wickford Pl, Charlotte, NC 28203
      View Details
    • Contact for pricing
      36,000 SF

      Historic Lance Building Factory South

      Eight connected luxury lofts in Charlotte's South End.
      1300 South Blvd, Charlotte, NC 28203
      View Details
    • Contact for pricing
      1,450 SF

      Updated Office Condo for Professionals

      5,820 SF office condo with 15+ private offices.
      2010 S Tryon St, Charlotte, NC 28203
      View Details
    • $795,000
      1,456 SF

      Charlotte Office Space For Rent

      Office space available in Charlotte's South End neighborhood.
      2923 S Tryon St, Charlotte, NC 28203
      View Details
    • $1,400,000
      1,939 SF

      South End Office Condo

      Office condo in Charlotte's vibrant South End corridor.
      1930 Abbott St, Charlotte, NC 28203
      View Details
    • Contact for pricing

      South End Duplex For Sale

      Duplex available in South End neighborhood.
      2500 Dunavant St, Charlotte, NC 28203
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space in Gold District

      Office suites available for lease near Bank of America Stadium.
      1100 S Mint St, Charlotte, NC 28203
      View Details
    • Contact for pricing

      Showroom, Design Center, Event Space

      10,000 SF showroom, design center, or event space available.
      1331 S Mint St, Charlotte, NC 28203
      View Details
    • Contact for pricing

      Spaces South End

      Find fully flexible work and meeting space in Spaces South End
      307 Tremont Ave, Charlotte, NC 28203
      View Details
    • Contact for pricing

      Office Space in South End

      Light-filled office spaces in Charlotte's vibrant South End.
      110 East Blvd, Charlotte, NC 28203
      View Details
    • Contact for pricing

      Office Space For Rent

      Office space available for rent; tenant responsible for utilities.
      2923 S Tryon St, Charlotte, NC 28203
      View Details
    • Contact for pricing
      3,372 SF

      South End Mixed-Use Development

      Office and retail space in vibrant South End, Charlotte.
      2151 Hawkins St, Charlotte, NC 28203
      View Details
    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.
    2020 Tryon St, Unit 2
    Charlotte, NC 28203-5582
    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!