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Property profile & analytics
OFF-MARKET
Estimated value
$5,000,000
Strip malls
2417 Tryon St, Charlotte, NC 28206-2742
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1063355
Property summary
AI-generated overview
This exceptional 11,200-square-foot traditional office building is situated in Charlotte's vibrant North End submarket, at 2417 N Tryon St, conveniently located near W 28th St. The single-story building offers multiple tenancy options, ideal for a variety of businesses. Its prime location provides easy access to popular neighborhoods like NoDa and Optimist Park, catering to a large pool of potential clients. The property boasts convenient entrances and exits on both N Tryon St and W 28th St, ensuring high visibility and accessibility. This location is particularly well-suited for businesses providing neighborhood services, such as dental practices, salons, mobile providers, or medical offices. The property benefits from its position within one of Charlotte's most dynamic multifamily corridors. Within a 1.5-mile radius, over 3,000 multifamily units have been completed in the last five years, with an additional 2,000 units currently under construction or planned. Extensive renovations are slated for completion in the first quarter of 2025, ensuring a modern and updated space for tenants. This presents a unique opportunity to secure a well-positioned property in a rapidly growing area of Charlotte, Mecklenburg County, NC (zip code 28206). Contact us for pricing and availability.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Total area
11,200 SF
Lot
0.85 ac (37,124 SF)
Zoning code
I-2
APN
7908704
UPID
US53-1063355
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
-
One Stop Food Store  Grocery & Convenience Store
-
TOP TIGER TEAM BOXING Gym & Fitness Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.00M
CAP Approach
CAP
$3.33M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.00M
Owner & transaction history
Northend Retail LLC · 1 yrs held
Northend Retail LLC
since 2024
Last sale
$5.0M
3 recorded transactions
Zoning & alternative use
I-2 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.7M
+131.1%
Restaurant
$7.2M
+113.8%
Medical building
$4.5M
+34.8%
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
$5,000,000
ML approach
$5,000,000
CAP Approach
CAP Return
Estimation
6%
$3,605,000
6.5%
$3,325,000
7%
$3,090,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,350,000
Current use
COMMERCIAL (GENERAL)
$7,735,000
Change: +131% · Conversion: Easy
RESTAURANT
$7,160,000
Change: +114% · Conversion: Difficult
MEDICAL BUILDING
$4,515,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$3,630,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$5.00M
Range $4.50M – $5.50M · ±10% · vs last sale $5.00M (Oct 16 2024)
Last sale anchor
$5.00M
Oct 16 2024
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
$446 / 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
$11,018
Tax year 2023
Assessed value
$1,502,100
Assessed 2024
Previous assessed
$1,502,100
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$799,000
Assessed improvement
$703,100
Land market value
$799,000
Improvement market value
$703,100
Total market value
$1,502,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1989
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
11
Total area
11,200 SF
Lot
0.85 ac (37,124 SF)
Zoning code
I-2
APN
7908704
UPID
US53-1063355
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-2 · Charlotte, NC
Zoning I-2 · permitted uses
I-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$7.7M
RESTAURANT
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$4.5M
RETAIL STORES
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
11
Lot
0.85 ac
Current owner
From public records · entity-resolved
Northend Retail LLC
Entity
Mailing address
2100 E CRES AVE STE #200, CHARLOTTE, NC 28207-1589
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2024
$5,000,000
Northend Retail LLC
Guy Properties LLC
Special Warranty Deed
$3,050,000 · Symetra Life Insurance Co
Jul 21, 1988
—
James R Guy JR
Guy Properties L
Quit Claim Deed
related
—
Jul 21, 1988
$73,500
James R Guy JR.
Unknown
Trustees Deed
—
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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