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Property profile & analytics
OFF-MARKET
Estimated value
$24,645,000
Retail space
231 Tryon St Charlotte, NC 28202-2136
Entity Owned
11-yr Hold
Free & Clear
Property ID
US53-1265774
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Total area
724,896 SF
Lot
2.46 ac (107,332 SF)
Zoning code
UMUD
APN
7801322
UPID
US53-1265774
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
-
Dumpster Rental Champs Waste Management Facility Hazardous Waste Disposal
-
Wooden Vine Wine Bar & Bistro Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$24.65M
Owner & transaction history
Ftc Charlotte LP Cousins · 11 yrs held
Ftc Charlotte LP Cousins
since 2014
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$34 / 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
$1,566,221
Tax year 2023
Assessed value
$213,527,000
Assessed 2024
Previous assessed
$232,242,400
-8.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$28,385,200
Assessed improvement
$185,141,800
Land market value
$28,385,200
Improvement market value
$185,141,800
Total market value
$213,527,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1920
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
1
Units
1
Total area
724,896 SF
Lot
2.46 ac (107,332 SF)
Zoning code
UMUD
APN
7801322
UPID
US53-1265774
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
1920
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Units
1
Lot
2.46 ac
Current owner
From public records · entity-resolved
Ftc Charlotte LP Cousins
Entity
Free & Clear · 11 yrs held
Mailing address
201 N TRYON ST #1450, CHARLOTTE, NC 28202-2146
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2016
—
Cousins Ftc Charlotte LP
—
Deed
related
$150,000,000 · Miscellaneous Ins Co
Aug 13, 2014
$215,000,000
Ftc Charlotte LP Cousins
Parmenter 201 North Tryon LLC
Grant Deed
—
Aug 13, 2014
—
Ftc Charlotte LP Cousins
Parmenter 201 North Tryon LLC
Quit Claim Deed
related
$215,202,469 · Cousins Ftc Charlotte Acquirer
Jun 28, 2012
—
Parmenter 201 North Tryon LLC
201 North Tryon LLC
Special Warranty Deed
$109,400,000 · Suntrust Bank
—
—
Cousins Ftc Charlotte LP
—
Deed Of Trust
related
$150,000,000 · 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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