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Property profile & analytics
OFF-MARKET
Estimated value
$2,660,000
Hotels
237 Tryon St, Charlotte, NC 28202-2136
Entity Owned
26-yr Hold
Free & Clear
Property ID
US53-1813073
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1927
Total area
36,290 SF
Lot
0.1 ac (4,487 SF)
Zoning code
UMUD
APN
7801316
UPID
US53-1813073
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
-
Tiffany Blake, The McDevitt Agency Real Estate Agency
-
WeSellUptown.com - Scott Russo REALTOR | Top Producing broker at The Mcdevitt Agency Real Estate Agency
-
Atlas limousine Limousine Service
-
Ox Limousine Freight Service Logistics Company
-
Zenith Limousine Service Limousine Service Airport Shuttle Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.66M
Owner & transaction history
201 North Tryon LLC · 26 yrs held
201 North Tryon LLC
since 1999
4 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%
$2,815,000
6.5%
$2,595,000
7%
$2,410,000
Blend value · Realmo final
$2.66M
Range $2.39M – $2.93M · ±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
$73 / 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
$64,187
Tax year 2023
Assessed value
$8,750,800
Assessed 2024
Previous assessed
$8,750,800
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,239,500
Assessed improvement
$7,511,300
Land market value
$1,239,500
Improvement market value
$7,511,300
Total market value
$8,750,800
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1927
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
60
Total area
36,290 SF
Lot
0.1 ac (4,487 SF)
Zoning code
UMUD
APN
7801316
UPID
US53-1813073
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
1927
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
60
Lot
0.1 ac
Current owner
From public records · entity-resolved
201 North Tryon LLC
Entity
Free & Clear · 26 yrs held
Mailing address
PO BOX 31747, RALEIGH, NC 27622-1747
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2019
—
Dunhill Hotel Group Lllp
—
Deed
related
$4,150,000 · South State Bank
Dec 14, 1999
—
201 North Tryon LLC
Dunhill Hotel Gr
Grant Deed
related
—
—
—
Dunhill Hotel Group Lllp
—
Deed Of Trust
related
$4,750,000 · Newdominion Bank
—
—
Dunhill Hotel Group Lllp
—
Deed Of Trust
related
$3,800,000 · Park Sterling Bank
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.
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