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Property profile & analytics
OFF-MARKET
Medical Office Space
119 Mtn Vw Rd Mars Hill, NC 28754-9500
Individually Owned
~
Est. High Equity
Property ID
US53-3032752
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2014
Total area
16,078 SF
Lot
1.03 ac (44,867 SF)
Zoning code
R-A
APN
9747-85-9173
UPID
US53-3032752
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
-
Sherrie Kerns Physician
-
Jessica Zook Physician
-
Johnson Kenya B Employment Agency
-
Seely Dennis Employment Agency
-
Melissa Robinson Pediatrician 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
Hot Springs Health Program
Hot Springs Health Program
1 recorded transaction
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
$1,517,360
Assessed 2023
Previous assessed
$1,517,360
+0.0% YoY
Assessed land
$43,244
Assessed improvement
$1,474,116
Land market value
$43,244
Improvement market value
$1,474,116
Total market value
$1,517,360
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2014
Heating
HEAT PUMP
Stories
1
Total area
16,078 SF
Lot
1.03 ac (44,867 SF)
Zoning code
R-A
APN
9747-85-9173
UPID
US53-3032752
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
2014
Heating
HEAT PUMP
Stories
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Hot Springs Health Program
Individual
Mailing address
PO BOX 69, MARSHALL, NC 28753-0069
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Hot Springs Health Program
—
Deed Of Trust
related
$2,999,000 · Us Dept Agriculture
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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