Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2601 Tryon St Charlotte, NC 28203-5523

    • Auto shops
    • 10,550 SF
    • 0.98 lot acres
    OFF-MARKET
    Value Estimations
    $990,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2083753
    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.

    Current Use by Public Records

    • Gillespie Barber & Stylist / Barber Shop
    • ERW Printing / (Bike/Boat/Book/etc) Store / Printing Service
    • Tryon Point Beauty Supply / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • The Kuztom Shop / Auto Repair Shop
    • Dent Press / Auto Repair Shop

    Property Details for 2601 Tryon St

    Year built
    1981
    Lot size
    0.98 lot acres
    Property size
    10,550 SF
    Zone code
    I1
    Property type
    Auto shops
    APN
    14701185
    APU
    14701185

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8694
    Latitude
    35.205
    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
    $29,350
    $3,689,500
    $311,800
    $4,001,300
    -
    $3,689,500
    $311,800
    $4,001,300

    Comparable in this City

    • Value Estimation
      $620,000
      12,288 SF

      2418 Toomey Ave

      AUTO REPAIR, GARAGE • 12,288 SF
      2418 Toomey Ave, Charlotte, NC 28203-5546
      View Details
    • Value Estimation by Request
      1,764 SF

      1600 Ss Blvd

      AUTO REPAIR, GARAGE • 1,764 SF
      1600 Ss Blvd, Charlotte, NC 28203-4726
      View Details
    • Value Estimation
      $1,690,000
      22,560 SF

      1532 Tryon St

      AUTO REPAIR, GARAGE • 22,560 SF
      1532 Tryon St, Charlotte, NC 28203
      View Details
    • Value Estimation by Request
      5,000 SF

      400 Foster Ave

      AUTO REPAIR, GARAGE • 5,000 SF
      400 Foster Ave, Charlotte, NC 28203
      View Details
    • Value Estimation
      $730,000
      7,318 SF

      314 Quincy St

      AUTO REPAIR, GARAGE • 7,318 SF
      314 Quincy St, Charlotte, NC 28203-4142
      View Details
    • Value Estimation
      $3,390,000
      7,020 SF

      2413 Tryon St

      AUTO REPAIR, GARAGE • 7,020 SF
      2413 Tryon St, Charlotte, NC 28203-4963
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,006 SF

      South End Adaptive Re-Use Property

      Freestanding retail property in Charlotte's South End neighborhood.
      230 Fairwood Ave, Charlotte, NC 28203
      View Details
    • Contact for pricing
      5,441 SF

      Retail Property Near Light Rail

      Two-tenant retail property near Charlotte light rail stop.
      8641 Blvd S, Charlotte, NC 28203
      View Details
    • Contact for pricing
      22,854 SF

      South End Retail Investment Opportunity

      Prime location in Charlotte's vibrant South End entertainment district.
      1431-1443 South Blvd, Charlotte, NC 28203
      View Details
    • $1,800,000
      Pending

      Prime Location in Dilworth, Charlotte

      Incredible location near SouthEnd with city views and high walkability.
      212 E Park Ave, Charlotte, NC 28203
      View Details
    • 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
      14,807 SF

      Adaptive Re-Use Retail Property

      Freestanding retail property in Charlotte's South End neighborhood.
      217-225 Fairwood Ave, Charlotte, NC 28203
      View Details

    Similar Nearby for Lease

    • $7,900 /Mo
      Pending

      SouthEnd Redevelopment Site For Rent

      Redevelopment site with mechanic facility in Charlotte's SouthEnd.
      2217 Tryon St, Charlotte, NC 28203
      View Details
    • Contact for pricing

      Restaurant and Retail Space Available

      Restaurant and retail space for rent in Charlotte, NC.
      2161 Hawkins St, Charlotte, NC 28203
      View Details
    • Contact for pricing
      13,196 SF

      Retail Space Available For Lease

      Retail property available for lease in Charlotte, North Carolina.
      2412 Distribution 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
    • $44 SF/Yr
      4,946 SF

      Renovated Historic Buildings For Rent

      Flexible office and retail space near downtown Charlotte.
      1900 Blvd S, Charlotte, NC 28203
      View Details
    • Contact for pricing
      1,165 SF

      Retail Space in Tremont Corridor

      Ground-level retail space in a multi-family development in South End.
      2315 Toomey Ave, 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.
    2601 Tryon St
    Charlotte, NC 28203-5523
    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!