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Property profile & analytics
OFF-MARKET
Estimated value
$19,380,000
Office buildings
212 Tryon St Charlotte, NC 28281-8102
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-1896275
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1924
Total area
192,431 SF
Lot
0.27 ac (11,617 SF)
Zoning code
UMUD
APN
7301613
UPID
US53-1896275
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
-
Starbucks Cafe & Coffee Shop
-
Reveille Technologies (Bike/Boat/Book/etc) Store Corporate Office
-
Steven C. Mcareavy, DC Alternative Medicine Practice
-
Technicuts Studio Hair Salon
-
NTT DATA Consulting Business Management Consultant Computer Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.38M
Owner & transaction history
212 Charlotte Building LLC · 1 yrs held
212 Charlotte Building LLC
since 2025
Last sale
$19.3M
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
$18,060,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$19.38M
Range $17.44M – $21.32M · ±10% · vs last sale $19.30M (Apr 16 2025)
Last sale anchor
$19.30M
Apr 16 2025
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
$101 / 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
$274,270
Tax year 2023
Assessed value
$37,391,900
Assessed 2024
Previous assessed
$45,389,000
-17.6% YoY
Effective rate
0.73%
On assessed value
Assessed land
$3,488,900
Assessed improvement
$33,903,000
Land market value
$3,488,900
Improvement market value
$33,903,000
Total market value
$37,391,900
Applied tax rate
8.0000
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1924
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
1
Rooms
2
Total area
192,431 SF
Lot
0.27 ac (11,617 SF)
Zoning code
UMUD
APN
7301613
UPID
US53-1896275
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
1924
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
1
Rooms
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
212 Charlotte Building LLC
Entity
Free & Clear · 1 yrs held
Mailing address
101 CALIFORNIA ST STE #980, SAN FRANCISCO, CA 94111-5839
Ownership since
2025
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
Apr 16, 2025
—
212 Charlotte Building LLC
212 Charlotte Fee Owner LLC
Deed
related
—
May 10, 2024
$19,300,000
212 Charlotte Fee Owner LLC
212 S Tryon Property LLC
Special Warranty Deed
—
Jul 16, 2019
—
212 S Tryon Property LLC
Tdc Johnston LLC
Grant Deed
—
Jul 16, 2019
$35,250,000
212 S Tryon Property LLC
Tdc Johnston LLC
Grant Deed
—
Feb 2, 2015
—
Tdc Johnston LLC
212 South Tryon LP
Deed
—
Feb 2, 2015
$25,300
Tdc Johnston LLC
212 South Tryon LP
Grant Deed
—
Nov 2, 2004
—
South Tryon 212
Johnston Building LLC
Grant Deed
$14,125,000 · Acp Charlotte Fund LLC
Aug 31, 1995
—
Summit Properties Partners
—
Deed Of Trust
related
$8,730,000 · Public Employee's Retireme
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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