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    Property profile & analytics

    4500 Tryon St Charlotte, NC 28217-1842

    • Medical offices
    • 6,765 SF
    • 0.91 lot acres
    OFF-MARKET
    Last Sale
    Dec 18, 2023
    $2,200,000
    Value Estimations
    $2,320,000
    Show details
    Cap Rate Potential
    4%
    Medical offices
    Location Intelligence
    Property ID
    US53-3786716
    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

    • Dai-Sing Restaurant Supply / Store
    • Family Dollar / Wine Store / Beer Store
    • NTN Insurance Services / Insurance Agency
    • SocratesMD / Health Consultant
    • Obinna Oriaku, MD / Doctor / Internist

    Property Details for 4500 Tryon St

    Year built
    1989
    Lot size
    0.91 lot acres
    Property size
    6,765 SF
    Zone code
    B-2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    14528101
    APU
    14528101

    Value 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

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,517,000
      Market price range: $1.63M - $3.60M

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8871
    Latitude
    35.1839
    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
    $13,025
    $1,136,900
    $638,800
    $1,775,700
    -
    $1,136,900
    $638,800
    $1,775,700

    Comparable in this City

    • Value Estimation
      $295,000
      6,030 SF

      5306 Ss Blvd

      MEDICAL BUILDING • 6,030 SF
      5306 Ss Blvd, Charlotte, NC 28217-4116
      View Details
    • Value Estimation
      $515,000
      10,973 SF

      5300 Ss Blvd

      MEDICAL BUILDING • 10,973 SF
      5300 Ss Blvd, Charlotte, NC 28217-4116
      View Details
    • Value Estimation
      $1,635,000
      10,920 SF

      6859 Ss Blvd

      MEDICAL BUILDING • 10,920 SF
      6859 Ss Blvd, Charlotte, NC 28217-4383
      View Details
    • Value Estimation
      $505,000
      12,893 SF

      4707 Ss Blvd

      MEDICAL BUILDING • 12,893 SF
      4707 Ss Blvd, Charlotte, NC 28217-2117
      View Details
    • Value Estimation
      $280,000
      3,953 SF

      1319 Archdale Dr

      MEDICAL BUILDING • 3,953 SF
      1319 Archdale Dr, Charlotte, NC 28217-4418
      View Details
    • Value Estimation by Request
      8,390 SF

      3335 Potomac Riv Pkwy

      Restaurants • 8,390 SF
      3335 Potomac Riv Pkwy, Charlotte, NC 28217
      View Details

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    • Contact for pricing
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      Prime Charlotte location, high development potential.
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      511,979 SF

      Class A Office Portfolio

      511,979 SF Class A office portfolio in Charlotte, NC.
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    • $800,000

      Shopton Road Commercial Land Available

      Commercial land for sale with convenient access to major highways.
      4704 Shopton Rd, Charlotte, NC 28217
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    • $3,000,000
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      Prime Land in Charlotte, NC

      High-visibility land with development potential near I-485 and retail.
      8151 Steele Creek Rd, Charlotte, NC 28217
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    Similar Nearby for Lease

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      93,175 SF

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      View Details
    • $24 SF/Yr
      3,028 SF

      Charlotte Office Portfolio For Rent

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      View Details
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      19,067 SF

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      Prime Charlotte office space, flexible options.
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    • $34 SF/Yr
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      South Charlotte Contractor Office Space

      Office with fenced yard near I-77 and Woodlawn.
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      View Details
    • Contact for pricing
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      Office Space Near I-77

      Office space for rent in Highland Business Park.
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      View Details
    • Contact for pricing
      7,780 SF

      Charlotte Office Space For Rent

      7,780 square foot office space available for rent.
      834 Tyvola Rd, Charlotte, NC 28217
      View Details

    Property Visit Statistics

    • Visits by month
      2.7k
    • Visitors by month
      2.5k
    • Avg Time on site
      13 min
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    4500 Tryon St
    Charlotte, NC 28217-1842
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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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