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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Industrial properties
512 Kanuga Rd, Hendersonville, NC 28739-5226
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1471912
Property summary
AI-generated overview
This single-tenant property at 512 Kanuga Rd, Hendersonville, NC 28739, offers 12,558 square feet of flexible space ideal for retail, office, or industrial use. The building, constructed in 1974, sits on a 0.45-acre lot and is classified as Class C. Features include one loading dock and one drive-in door. The interior offers 12,116 square feet of vacant space ready for immediate occupancy. The property is zoned C2 and has a single story. Its location offers easy access to downtown Hendersonville and the Ecusta Trail, providing proximity to both urban amenities and outdoor recreation. The surrounding area boasts a thriving environment, with nearby attractions including the Ecusta Trail, which leads to downtown Brevard, offering employees access to a variety of shops and restaurants. The property's lease terms are negotiable, with a potential lease rate of $10-$15 per square foot, NNN. The property's APN is 9568751394. This presents a unique opportunity for businesses seeking a blend of convenience and natural beauty.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1974
Total area
12,116 SF
Lot
0.45 ac (19,602 SF)
Zoning code
114302~C-2
APN
9568751394
UPID
US53-1471912
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
-
Sylvia Chiropractic Alternative Medicine Practice
-
Hendersonville Aluminum Corporation Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.20M
Owner & transaction history
Kanuga Station LLC · 2 yrs held
Kanuga Station LLC
since 2024
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
114302~C-2 · Hendersonville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.8M
+21.3%
Auto repair, garage
$1.6M
+7.5%
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 Hendersonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hendersonville 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
$1,195,000
ML approach
$1,195,000
CAP Approach
CAP Return
Estimation
6%
$1,235,000
6.5%
$1,140,000
7%
$1,060,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,495,000
Current use
RETAIL STORES
$1,815,000
Change: +21% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,605,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±10% · vs last sale $1.19M (Jan 18 2024)
Last sale anchor
$1.19M
Jan 18 2024
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
$99 / 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
Property tax & assessments
Assessed value
$512,000
Assessed 2024
Previous assessed
$512,000
+0.0% YoY
Assessed land
$235,200
Assessed improvement
$276,800
Land market value
$235,200
Improvement market value
$276,800
Total market value
$512,000
Applied tax rate
10.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1974
Heating
NONE
Cooling
NONE
Stories
1
Total area
12,116 SF
Lot
0.45 ac (19,602 SF)
Zoning code
114302~C-2
APN
9568751394
UPID
US53-1471912
Jurisdiction
HENDERSON
Zoning & alternative use
114302~C-2 · Hendersonville, NC
Zoning 114302~C-2 · permitted uses
114302~C-2 · Hendersonville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hendersonville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.5M
RETAIL STORES
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.6M
INDUSTRIAL (GENERAL) 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
1974
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Kanuga Station LLC
Entity
Mailing address
657 SS DR STE #402, MIAMI SPRINGS, FL 33166-5926
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2024
$1,194,500
Kanuga Station LLC
Hendersonville Aluminum Corporation
Warranty Deed
—
Oct 18, 2019
—
Hendersonville Aluminum Corp
—
Deed
related
$540,000 · Silver Hill Fndg LLC
—
—
Hendersonville Aluminum Corp
—
Deed Of Trust
related
$540,000 · Silver Hill Fndg LLC
—
—
Danny H Talsky
—
Deed Of Trust
related
$40,000 · Stevan Hann
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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