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Property profile & analytics
OFF-MARKET
Estimated value
$2,070,000
Turn key restaurants
11 Patton Cv Rd, Swannanoa, NC 28778-2913
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0820789
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2016
Total area
19,250 SF
Lot
8.94 ac (389,426 SF)
Zoning code
DEED DATE: 07/02/2015 DEE
APN
9688-89-2800-00000
UPID
US53-0820789
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
-
Athens Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.07M
Owner & transaction history
Ingles Markets Incorporated · 1 yrs held
Ingles Markets Incorporated
since 2025
Last sale
$2.3M
2 recorded transactions
Zoning & alternative use
DEED DATE: 07/02/2015 DEE · Swannanoa, NC
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 Swannanoa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Swannanoa 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
$1,715,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.07M
Range $1.86M – $2.28M · ±10% · vs last sale $2.25M (Jun 18 2025)
Last sale anchor
$2.25M
Jun 18 2025
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
$108 / 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
$17,363
Tax year 2024
Assessed value
$2,640,400
Assessed 2024
Previous assessed
$2,640,400
+0.0% YoY
Effective rate
0.66%
On assessed value
Land market value
$1,226,700
Improvement market value
$1,413,700
Total market value
$2,640,400
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2016
Heating
NONE
Buildings
2
Stories
1
Total area
19,250 SF
Lot
8.94 ac (389,426 SF)
Zoning code
DEED DATE: 07/02/2015 DEE
APN
9688-89-2800-00000
UPID
US53-0820789
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 07/02/2015 DEE · Swannanoa, NC
Zoning DEED DATE: 07/02/2015 DEE · permitted uses
DEED DATE: 07/02/2015 DEE · Swannanoa, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Swannanoa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2016
Heating
NONE
Stories
1
Buildings
2
Lot
8.94 ac
Current owner
From public records · entity-resolved
Ingles Markets Incorporated
Individual
Free & Clear · 1 yrs held
Mailing address
555 INTERSTATE 35TH S STE #500, NEW BRAUNFELS, TX 78130-4889
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2025
—
Ingles Markets Incorporated
Rush Truck Centers Of North Carolin
Deed
—
Jun 18, 2025
$2,250,000
Ingles Markets Incorporated
Rush Truck Centers Of North Carolin
Special Warranty 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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