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Property profile & analytics
OFF-MARKET
Estimated value
$5,070,000
Strip malls
7524 Tryon St, Charlotte, NC 28217-3316
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US53-5804875
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Total area
28,130 SF
Lot
5.68 ac (247,595 SF)
Zoning code
B1SCD
APN
20137134
UPID
US53-5804875
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
-
Family Dollar Discount Store
-
Bignon's Beauty Supply & Boutique Cosmetic Store Big Box & Wholesale Store
-
247_salon Hair Salon
-
Slaid Hair Salon
-
Dólar charlote Food Market Farmer's Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.07M
Owner & transaction history
Cedar Ridge Investments LLC · 10 yrs held
Cedar Ridge Investments LLC
since 2015
7 recorded transactions
Zoning & alternative use
B1SCD · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,410,000
Current use
AUTO REPAIR, GARAGE
$7,330,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$5.07M
Range $4.56M – $5.58M · ±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
$180 / 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
$43,791
Tax year 2023
Assessed value
$5,970,100
Assessed 2024
Previous assessed
$6,074,100
-1.7% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,073,800
Assessed improvement
$3,896,300
Land market value
$2,073,800
Improvement market value
$3,896,300
Total market value
$5,970,100
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
2005
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
28,130 SF
Lot
5.68 ac (247,595 SF)
Zoning code
B1SCD
APN
20137134
UPID
US53-5804875
Jurisdiction
MECKLENBURG
Zoning & alternative use
B1SCD · Charlotte, NC
Zoning B1SCD · permitted uses
B1SCD · 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
$8.4M
AUTO REPAIR, GARAGE
Est. value
$7.3M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2005
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
5.68 ac
Current owner
From public records · entity-resolved
Cedar Ridge Investments LLC
Entity
Mailing address
6711 LARRISA CT, CHARLOTTE, NC 28226-3369
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2015
$3,650,000
Cedar Ridge Investments LLC
Cedar Ridge Group LLC
Special Warranty Deed
$2,737,500 · Wells Fargo Bank NA
Mar 26, 2013
$2,385,500
Cedar Ridge Group LLC
Markets At Cedar Ridge LLC
Warranty Deed
$1,551,000 · First Century Bank
Nov 2, 2006
—
Markets At Cedar Ridge LLC
Woodlands Of Athens Cottage Renta
Quit Claim Deed
related
—
Mar 17, 2006
$929,000
Woodlands Of Athens Cottage Renta
South Tryon Holdings LLC
Warranty Deed
—
Oct 25, 2004
$1,069,000
South Tryon Holdings LLC
Rif 402 LLC
Grant Deed
related
$748,300 · Suntrust Bank NA
Sep 30, 2004
$1,200,000
Rif 402 LLC
Hogoboom,mildred N
Grant Deed
$361,200 · Carolina First Bank
—
—
South Tryon Holdings LLC
—
Deed Of Trust
related
$3,251,700 · Suntrust Bank NA
—
—
Markets At Cedar Ridge LLC
—
Deed Of Trust
related
$3,777,757 · Suntrust Bank NA
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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