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Property profile & analytics
OFF-MARKET
Commercial real estate
105 Rock Crk Rd, Erwin, TN 37650-1578
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-0697031
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2008
Total area
3,680 SF
Lot
137 ac (5,967,720 SF)
Zoning code
B-2
APN
086023D H 02500
UPID
US80-0697031
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
-
Clinchfield Sub Station Take-out & Catering
-
Nationwide Insurance: The Yates Agency, Inc. Insurance Agency
-
C J Express Trucking Company
-
Steam Whistle Bakery Bakery Specialty Food Shop
-
Unicoi County Prevention Coalition Charitable Organization Social Service Agency
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
Dixon Enterprises Of Hickory LLC · 2 yrs held
Dixon Enterprises Of Hickory LLC
since 2023
7 recorded transactions
Zoning & alternative use
B-2 · Erwin, TN
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 Erwin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Erwin 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
$117,080
Assessed 2023
Previous assessed
$117,080
+0.0% YoY
Assessed land
$29,640
Assessed improvement
$87,440
Land market value
$74,100
Improvement market value
$218,600
Total market value
$292,700
Applied tax rate
86.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2008
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
3
Total area
3,680 SF
Lot
137 ac (5,967,720 SF)
Zoning code
B-2
APN
086023D H 02500
UPID
US80-0697031
Jurisdiction
UNICOI
Zoning & alternative use
B-2 · Erwin, TN
Zoning B-2 · permitted uses
B-2 · Erwin, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Erwin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
137 ac
Current owner
From public records · entity-resolved
Dixon Enterprises Of Hickory LLC
Entity
Mailing address
2559 10TH AVE NE, HICKORY, NC 28601-3003
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Jul 13, 2023
—
Dixon Enterprises Of Hickory LLC
Larry Pate
Correction Deed
related
—
May 11, 2023
$275,000
Dixon Enterprises Of Hickory LLC
Larry Pate
Warranty Deed
$221,000 · Bank Of Tennessee
Dec 2, 2022
—
Larry Pate
Bennett Fain
Quit Claim Deed
related
—
Jul 16, 2015
—
Larrye Pate
L & F Property LLC
Quit Claim Deed
related
—
Jul 2, 2008
—
L & F Property LLC
Pate,larry
Quit Claim Deed
related
$266,790 · Bank Of Tennessee
Apr 1, 2008
$66,000
Larry Pate
Jackson,willie M
Warranty Deed
$86,000 · Bank Of Tennessee
—
—
Larry Pate
—
Deed Of Trust
related
$278,000 · Bank Of Tennessee
—
—
L & F Property LLC
—
Deed Of Trust
related
$320,450 · Bank Of Tennessee
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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