9720 Tryon St Charlotte, NC 28273-6578
Property Lookup
Property profile & analytics
9720 Tryon St Charlotte, NC 28273-6578
- Medical Office Space
- 9,704 SF
- 1.64 lot acres
Property ID
US53-0501396
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.
Location Intelligence
Current Use by Public Records
- Sam Kleitches Dentistry / Dental Office
- Medtox Laboratories Inc / Drug Testing Service
- Dr. Serafim J. Kleitches, DDS / Dental Office
- Flinn Wesley F / Employment Agency
- ABS Kids / Medical Clinic
Property Details for 9720 Tryon St
- Year built
- 1987
- Lot size
- 1.64 lot acres
- Property size
- 9,704 SF
- Zone code
- I-1
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 20118138
- APU
- 20118138
Description
This stabilized, 10,272 square foot shopping center in Charlotte, NC, presents a compelling investment opportunity. Located at 9720 S Tryon St, this two-tenant property boasts a 100% occupancy rate and a strong net operating income (NOI) of $270,584, yielding a 6.80% cap rate. The asking price is $3,980,000, translating to $387.46 per square foot. Built in 1987 and extensively renovated in 2023, the property features a new roof (2022), replaced stucco, restriped parking lot (2022), upgraded signage (2023), and a new HVAC and furnace (October 2023). This minimizes near-term capital expenditure requirements for the new owner. The property sits on a 1.682-acre lot with over 330 feet of frontage on South Tryon Street, a major thoroughfare with 38,000 vehicles daily. Tenants include a long-term dental practice (lease renewed through 2029 and partnered with a national dental partnership) and another tenant with a lease expiring June 30, 2032. Leases include annual rent growth, with one tenant benefiting from CPI adjustments and the other from a 2.5% annual increase. The property is situated in a high-growth area with a dense and affluent population; within a 3-mile radius, there are over 50,000 residents with an average household income of $97,036. The area's population has increased by 35% since 2010, and the daytime population within a 1-mile radius is more than double the nighttime population. The property is also conveniently located near several major corporate offices, including Microsoft, Spectrum, and Xerox. The property is offered fee simple with a NNN lease structure.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.9436
- Latitude
- 35.1265
- 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
$14,355
$1,027,000
$930,000
$1,957,000
-
$1,027,000
$930,000
$1,957,000
