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Property profile & analytics
OFF-MARKET
Estimated value
$3,760,000
Breweries
106 Long Shls Rd, Arden, NC 28704-8432
Entity Owned
6-yr Hold
Absentee Owner
Property ID
US53-1452923
Property profile
Verified
Property type
Breweries
Use group
DISTILLERY, BREWERY, BOTTLING
Year built
2021
Construction
BRICK
Total area
16,595 SF
Lot
0.95 ac (41,382 SF)
Zoning code
DEED DATE:12/13/2019 DEED
APN
9644-69-9325-00000
UPID
US53-1452923
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.76M
Blend (final)
Blend
$3.76M
Owner & transaction history
Blue Ridge Rx Holdings LLC · 6 yrs held
Blue Ridge Rx Holdings LLC
since 2019
6 recorded transactions
Zoning & alternative use
DEED DATE:12/13/2019 DEED · Arden, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.7M
+115.3%
Medical building
$3.7M
+40.9%
Retail stores
$3.4M
+26.7%
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 Arden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arden 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
DISTILLERY, BREWERY, BOTTLING
$2,660,000
Current use
RESTAURANT
$5,725,000
Change: +115% · Conversion: Difficult
MEDICAL BUILDING
$3,745,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$3,370,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,150,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$3,085,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,015,000
Change: +13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,855,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$3.76M
Range $3.38M – $4.14M · ±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
$227 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$26,285
Tax year 2024
Assessed value
$2,835,800
Assessed 2024
Previous assessed
$2,064,100
+37.4% YoY
Effective rate
0.93%
On assessed value
Land market value
$546,300
Improvement market value
$2,289,500
Total market value
$2,835,800
Applied tax rate
7.0000
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
Breweries
Use group
DISTILLERY, BREWERY, BOTTLING
Status
Off-Market
Year built
2021
Construction
BRICK
Heating
STEAM
Cooling
YES
Stories
2
Rooms
6
Bathrooms
3
Total area
16,595 SF
Lot
0.95 ac (41,382 SF)
Zoning code
DEED DATE:12/13/2019 DEED
APN
9644-69-9325-00000
UPID
US53-1452923
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:12/13/2019 DEED · Arden, NC
Zoning DEED DATE:12/13/2019 DEED · permitted uses
DEED DATE:12/13/2019 DEED · Arden, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
DISTILLERY, BREWERY, BOTTLING Current
Est. value
$2.7M
RESTAURANT
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$3.7M
RETAIL STORES
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
DISTILLERY, BREWERY, BOTTLING Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2021
Construction
BRICK
Heating
STEAM
Cooling
Yes
Stories
2
Rooms
6
Bathrooms
3
Lot
0.95 ac
Current owner
From public records · entity-resolved
Blue Ridge Rx Holdings LLC
Entity
Mailing address
1070 TUNL RD BLDG #3, ASHEVILLE, NC 28805-2014
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2022
—
Blue Ridge Rx Holdings LLC
—
Deed
related
$5,500,000 · First Horizon Bank
Dec 13, 2019
$1,075,000
Blue Ridge Rx Holdings LLC
C&b Toothland Of Long Shoals LLC
Warranty Deed
$806,250 · First Horizon Bank
Mar 31, 2017
—
C&b Toothland Of Long Shoals LLC
—
Deed
related
$684,000 · Capital Bank Corporation
Nov 5, 2014
$760,000
C And B Toothland Of Long Sholas Ll
Eric C Ensley
Warranty Deed
$684,000 · Hometrust Bank NA
Aug 8, 2011
—
Eric C Ensley
Ensley Juanita E
Quit Claim Deed
related
—
Feb 2, 2004
$110,000
Nc Dept Of Transportation
Ensley,juanita E
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.
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