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Property profile & analytics
OFF-MARKET
Estimated value
$8,635,000
Strip malls
4520 Tryon St, Charlotte, NC 28213-6931
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1556290
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1968
Total area
121,290 SF
Lot
6.33 ac (275,735 SF)
Zoning code
TOD-CC
APN
9105147
UPID
US53-1556290
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
-
Ria Money Transfer - DTD Services Bank Credit Union
-
My Vien Hong Hanh Skin Care & Cosmetics Cosmetic Store
-
Lan Bakery Restaurant
-
Asian Corner Mall Shopping Center & Mall
-
T N Beauty Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.64M
Owner & transaction history
East Sugar Creek Partners LLC · 3 yrs held
East Sugar Creek Partners LLC
since 2022
Last sale
$8.5M
3 recorded transactions
Zoning & alternative use
TOD-CC · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$8,760,000
ML approach
$8,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.64M
Range $7.77M – $9.50M · ±10% · vs last sale $8.50M (Sep 9 2022)
Last sale anchor
$8.50M
Sep 9 2022
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
$71 / 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
$41,408
Tax year 2023
Assessed value
$5,645,200
Assessed 2024
Previous assessed
$10,725,600
-47.4% YoY
Effective rate
0.73%
On assessed value
Assessed land
$4,826,800
Assessed improvement
$818,400
Land market value
$4,826,800
Improvement market value
$818,400
Total market value
$5,645,200
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
1968
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
121,290 SF
Lot
6.33 ac (275,735 SF)
Zoning code
TOD-CC
APN
9105147
UPID
US53-1556290
Jurisdiction
MECKLENBURG
Zoning & alternative use
TOD-CC · Charlotte, NC
Zoning TOD-CC · permitted uses
TOD-CC · 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.
Building & site characteristics
From public records
Year built
1968
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
6.33 ac
Current owner
From public records · entity-resolved
East Sugar Creek Partners LLC
Entity
Mailing address
1900 W MOREHEAD ST STE #201, CHARLOTTE, NC 28208-5757
Ownership since
2022
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
Sep 9, 2022
—
East Sugar Creek Partners LLC
Viet My Corporation
Warranty Deed
$8,300,000 · Viet My Corporation
Sep 9, 2022
$8,500,000
East Sugar Creek Partners LLC
Viet My Corporation
Special Warranty Deed
—
Feb 6, 2004
—
Viet-my Corp
Ho,tri H
Warranty Deed
related
—
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.
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