Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,355,000
Medical Office Space
4500 Tryon St Charlotte, NC 28217-1842
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-3786716
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Total area
6,765 SF
Lot
0.91 ac (39,468 SF)
Zoning code
B-2
APN
14528101
UPID
US53-3786716
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
-
Dai-Sing Restaurant Supply Department Store
-
Family Dollar Discount Store
-
NTN Insurance Services Insurance Agency
-
SocratesMD Physician
-
Obinna Oriaku, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.29M
CAP Approach
CAP
$1.44M
Comparable Approach
Comparable
$2.52M
Blend (final)
Blend
$2.36M
Owner & transaction history
Team Trammell LLC · 2 yrs held
Team Trammell LLC
since 2023
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
B-2 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.0M
+10.7%
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
$2,355,000
ML approach
$2,285,000
CAP Approach
CAP Return
Estimation
6%
$1,560,000
6.5%
$1,440,000
7%
$1,335,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,725,000
Current use
OFFICE BUILDING
$3,020,000
Change: +11% · Conversion: Easy
RETAIL STORES
$2,565,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$2.36M
Range $2.12M – $2.59M · ±10% · vs last sale $2.20M (Dec 18 2023)
Last sale anchor
$2.20M
Dec 18 2023
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
$348 / 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
$13,025
Tax year 2023
Assessed value
$1,775,700
Assessed 2024
Previous assessed
$1,793,700
-1.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,136,900
Assessed improvement
$638,800
Land market value
$1,136,900
Improvement market value
$638,800
Total market value
$1,775,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1989
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
6
Total area
6,765 SF
Lot
0.91 ac (39,468 SF)
Zoning code
B-2
APN
14528101
UPID
US53-3786716
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-2 · Charlotte, NCZoning B-2 · permitted uses
B-2 · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.7M
OFFICE BUILDING
Est. value
$3.0M
RETAIL STORES
Est. value
$2.6M
MEDICAL BUILDING Current
OFFICE 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
6
Lot
0.91 ac
Current owner
From public records · entity-resolved
Team Trammell LLC
Entity
Mailing address
4500 S TRYON ST, CHARLOTTE, NC 28217-1842
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2023
$2,200,000
Team Trammell LLC
Marcus & Comfort LLC
Special Warranty Deed
$1,700,000 · First Citizens Bank & Trust Co
Jul 28, 2021
—
Marcus & Comfort LLC
—
Deed
related
$835,000 · First Citizens Bank & Trust Co
Feb 7, 2018
—
Marcus & Comfort LLC
—
Deed
related
$100,000 · Pinnacle Bank
Jan 26, 2017
—
Marcus & Comfort LLC
—
Deed
related
$1,062,950 · Bank Of Nc
Jun 8, 2006
$387,500
Marcus & Comfort LLC
Branch Banking & Trust Co
Special Warranty Deed
$387,500 · First Citizens Bank & Trust Co
Jan 28, 1988
$422,000
United Carolina Bank
Unknown
Grant Deed
related
—
—
—
Marcus & Comfort LLC
—
Deed Of Trust
related
$1,062,950 · Bank Of Nc
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4500 Tryon St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
