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    3722 Tryon St Charlotte, NC 28217-1632
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    Property profile & analytics

    3722 Tryon St, Charlotte, NC 28217-1632

    View on Map
    • Parking lots & garages
    • 298,566 SF
    • 12.55 lot acres
    Off-Market
    Last Sale May 26, 2022
    Property ID
    US53-0662717
    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.
    Value Estimations
    $955,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 3722 Tryon St

    Year built
    1983
    Lot size
    12.55 lot acres
    Zone code
    I1CD
    Property type
    Parking lots & garages
    APN
    14513403
    APU
    14513403

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 26, 2022 — 3722 Try On Street Mf LLC 3722 Tryon Street LP Special Warranty Deed —
    Dec 31, 2020 — 3722 Tryon Street LP — Deed · related $10M · United Bank
    Nov 20, 2020 — 3722 Tryon Street LP Box Fight LLC Quit Claim Deed · related —
    Nov 20, 2020 $12,650,500 3722 Tryon Street LP Box Fight LLC Grant Deed —
    Jul 20, 2018 $4,900,000 Box Fight LLC Properties Rac LLC Special Warranty Deed $3.9M · First Federal Bank Of The Midwest
    Dec 26, 2012 $1,050,000 Wyndcrofte Property LLC Pnc Bk National Assn Grant Deed —
    Feb 2, 2012 $1,511,201 Rbc Bk USA William C Parise Atty Of Law PLLC Trustees Deed · related —
    Oct 29, 2009 — Carowinds Holding LLC — Trustees Deed · related $500k · Forrest C SR Wilkerson
    Jan 16, 2008 — Carowinds Holding LLC — Trustees Deed · related $200k · Grq Investment INC
    Jun 11, 1999 $379,500 Continental Building Maint Vanevery,david C Grant Deed —
    Jun 11, 1999 $990,000 Dva,llc Vanevery,david C Grant Deed —
    — — Carowinds Holding LLC — Deed Of Trust · related $300k · David A White
    — — Carowinds Holding LLC — Deed Of Trust · related $1.6M · Rbc Centura Bank
    — — Carowinds Holding LLC — Deed Of Trust · related $225k · First Charter Bank
    — — Carowinds Holding LLC — Deed Of Trust · related $388k · Hossein Farahany

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $945,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $964,000
      Market price range: $836k - $4.98M

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8807
    Latitude
    35.1945
    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
    $166,185
    $11,441,800
    $11,214,700
    $22,656,500
    -
    $11,441,800
    $11,214,700
    $22,656,500

    Comparable in this City

    • Value Estimation
      $1,755,000
      320,445 SF

      7800 Cres Executive Dr

      PARKING GARAGE, PARKING STRUCTURE
      7800 Cres Executive Dr, Charlotte, NC 28217-5500
      View Details
    • Value Estimation
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      10,551 SF

      800 Griffith Rd

      AUTO REPAIR, GARAGE
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    • Value Estimation by Request
      2,985 SF

      5238 Ss Blvd

      AUTO REPAIR, GARAGE
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    • Value Estimation
      $795,000
      18,400 SF

      6800 Ss Blvd

      AUTO REPAIR, GARAGE
      6800 Ss Blvd, Charlotte, NC 28217-4406
      View Details
    • Value Estimation
      $1,750,000
      9,815 SF

      5410 Old Pineville Rd

      AUTO REPAIR, GARAGE
      5410 Old Pineville Rd, Charlotte, NC 28217-2776
      View Details
    • Value Estimation by Request
      2,100 SF

      441 Springbrook Rd

      AUTO REPAIR, GARAGE
      441 Springbrook Rd, Charlotte, NC 28217-2144
      View Details

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      South End Charlotte Land Parcel

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    Similar Nearby for Lease

    • $1,550 /Mo
      11,761 SF

      Prime Commercial Space Available

      Well-located commercial space ideal for retail, office, or medical use.
      4631 Nations Crossing Rd, Charlotte, NC 28217
      View Details
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      Charlotte Office/Warehouse/Showroom Space

      1,600 SF office/warehouse/showroom space in Charlotte, NC.
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      Land and Warehouse Opportunity

      Land and warehouse available for lease in growing area.
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    • $1,550 /Mo
      10,454 SF

      Versatile Commercial Space in Charlotte

      High-visibility commercial space suitable for retail, office, or medical use.
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    • Contact for pricing
      34,859 SF

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      Retail property available for lease in Charlotte, North Carolina.
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      View Details
    • Contact for pricing
      7,712 SF

      LoSo Retail/Office/Restaurant Space Available

      Adaptable space in growing LoSo district, ideal for various businesses.
      4516 Nations Crossing Rd, Charlotte, NC 28217
      View Details
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    Charlotte, NC 28217-1632
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    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
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