Back to Search
Property profile & analytics
OFF-MARKET
Office buildings
105 Chestnut St Mars Hill, NC 28754-9602
Entity Owned
10-yr Hold
Property ID
US53-2430287
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1948
Total area
3,213 SF
Lot
0.31 ac (13,504 SF)
Zoning code
R-A
APN
9747-85-8340
UPID
US53-2430287
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
-
Mountain Area Pregnancy Services - Mars Hill Medical Clinic
-
Alta Ridge Foot Specialists Medical Clinic
-
Restore Physical Therapy Physician
-
Abiding Hope, Inc. Medical Clinic
-
Sylvia Rosburg Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kes Properties LLC · 10 yrs held
Kes Properties LLC
since 2016
5 recorded transactions
Zoning & alternative use
R-A · Mars Hill, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
ZONING ORDINANCE Town of Mars Hill 2021
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 Mars Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mars Hill 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$218,207
Assessed 2023
Previous assessed
$218,207
+0.0% YoY
Assessed land
$18,768
Assessed improvement
$199,439
Land market value
$18,768
Improvement market value
$199,439
Total market value
$218,207
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1948
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
2
Total area
3,213 SF
Lot
0.31 ac (13,504 SF)
Zoning code
R-A
APN
9747-85-8340
UPID
US53-2430287
Jurisdiction
MADISON
Zoning & alternative use
R-A · Mars Hill, NCZoning R-A · permitted uses
R-A · Mars Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
ZONING ORDINANCE Town of Mars Hill 2021
Building & site characteristics
From public records
Year built
1948
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
Kes Properties LLC
Entity
Mailing address
326 DOGWOOD DR, BAKERSVILLE, NC 28705-7961
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2016
$241,000
Kes Properties LLC
Van Brederode Properties LLC
Warranty Deed
$240,586 · Asheville Savings Bank Ssb
Feb 16, 2012
$350,000
Van Brederode Properties LLC
Scoggin,timothy E & Linda
Warranty Deed
$297,500 · Asheville Savings Bank
Feb 15, 2012
$350,000
Van Brederode Properties LLC
Scoggin,timothy E
Grant Deed
—
Aug 4, 2010
$110,975
Timothy E Scoggin
Neill,david W
Trustees Deed
—
Jul 27, 2010
$111,000
Timothy E Scoggin
Reynolds,richard Wayne
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 105 Chestnut St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
