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Property profile & analytics
OFF-MARKET
Estimated value
$5,395,000
Grocery and convenience stores
5035 Tryon St, Charlotte, NC 28213-7035
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US53-5640365
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2010
Total area
25,020 SF
Lot
4.01 ac (174,850 SF)
Zoning code
I2
APN
8902505
UPID
US53-5640365
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
-
Angela's deli Restaurant
-
Fuel Mart Grocery & Convenience Store
-
5 SISTERS LLC / ANGELAS DELI Grocery & Convenience Store Food Market
-
Express Taco Restaurant
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.40M
Owner & transaction history
Ganam Investments LLC · 18 yrs held
Ganam Investments LLC
since 2007
7 recorded transactions
Zoning & alternative use
I2 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.1M
+8.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,050,000
6.5%
$7,430,000
7%
$6,900,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,480,000
Current use
RETAIL STORES
$8,105,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,520,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$5.40M
Range $4.86M – $5.93M · ±10%
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
$216 / 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
$36,262
Tax year 2023
Assessed value
$4,943,700
Assessed 2024
Previous assessed
$5,110,100
-3.3% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,783,300
Assessed improvement
$3,160,400
Land market value
$1,783,300
Improvement market value
$3,160,400
Total market value
$4,943,700
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2010
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Rooms
1
Bathrooms
2
Total area
25,020 SF
Lot
4.01 ac (174,850 SF)
Zoning code
I2
APN
8902505
UPID
US53-5640365
Jurisdiction
MECKLENBURG
Zoning & alternative use
I2 · Charlotte, NC
Zoning I2 · permitted uses
I2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.5M
RETAIL STORES
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$6.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
2010
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
1
Bathrooms
2
Lot
4.01 ac
Current owner
From public records · entity-resolved
Ganam Investments LLC
Entity
Mailing address
6533 E INDEPENDENCE BLVD, CHARLOTTE, NC 28212-6948
Ownership since
2007
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
Jun 7, 2019
—
Ganam Investments LLC
—
Deed
related
$2,500,000 · Capital Bank
Sep 14, 2007
$1,250,000
Ganam Investments LLC
Eugene C Pitman
Warranty Deed
$875,000 · Wachovia Bank NA
Jan 7, 1999
—
Eugene C Pitman
—
Deed Of Trust
related
—
Jan 5, 1999
$600,000
Eugene C Pitman
East Coast Trail
Grant Deed
—
—
—
Ganam Investments LLC
—
Deed Of Trust
related
$200,000 · Joseph N Saba
—
—
Ganam Investments LLC
—
Deed Of Trust
related
$400,000 · Joseph N Saba
—
—
Ganam Investments LLC
—
Deed Of Trust
related
$200,000 · Joseph N Saba
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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