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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Medical Office Space
1215 Smokey Park Hwy, Candler, NC 28715-9248
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5736715
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1963
Construction
BRICK
Total area
1,986 SF
Lot
0.55 ac (23,958 SF)
Zoning code
DEED DATE: 2023-06-16 DEE
APN
9607-83-3728-00000
UPID
US53-5736715
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
$505k
Comparable Approach
Comparable
$442k
Blend (final)
Blend
$525k
Owner & transaction history
Aemo Properties LLC · 3 yrs held
Aemo Properties LLC
since 2023
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
DEED DATE: 2023-06-16 DEE · Candler, 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 Candler submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Candler 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
$515,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$550,000
6.5%
$505,000
7%
$470,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$450,000
Current use
COMMERCIAL (GENERAL)
$445,000
Change: -1% · Conversion: Easy
RETAIL STORES
$405,000
Change: -10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$375,000
Change: -16% · Conversion: Difficult
OFFICE BUILDING
$370,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $625k (Jun 16 2023)
Last sale anchor
$625k
Jun 16 2023
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
$264 / 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
$2,939
Tax year 2024
Assessed value
$461,000
Assessed 2024
Previous assessed
$461,000
+0.0% YoY
Effective rate
0.64%
On assessed value
Land market value
$249,300
Improvement market value
$211,700
Total market value
$461,000
Applied tax rate
15.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1963
Construction
BRICK
Heating
NONE
Cooling
YES
Stories
1
Total area
1,986 SF
Lot
0.55 ac (23,958 SF)
Zoning code
DEED DATE: 2023-06-16 DEE
APN
9607-83-3728-00000
UPID
US53-5736715
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2023-06-16 DEE · Candler, NC
Zoning DEED DATE: 2023-06-16 DEE · permitted uses
DEED DATE: 2023-06-16 DEE · Candler, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Candler. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$450,000
COMMERCIAL (GENERAL)
Est. value
$445,000
RETAIL STORES
Est. value
$405,000
AUTO REPAIR, GARAGE
Est. value
$375,000
OFFICE BUILDING
Est. value
$370,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1963
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Aemo Properties LLC
Entity
Mailing address
732 SHADYWOOD LN, HENDERSONVLLE, NC 28792-5873
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2023
$625,000
Aemo Properties LLC
Cfd Property Investment LLC
Warranty Deed
$500,000 · Commerce Southern Corp
Nov 22, 2019
—
Cfd Property Investments LLC
Joshua C Merrell
Warranty Deed
—
Oct 8, 2014
$300,000
Joshua Charles Merrell
Wells Fargo Bank NA
Special Warranty Deed
$255,000 · First Citizens Bank And Trust Co In
Apr 19, 2013
$471,600
Fargo Bk NA Wells
Mann Marjorie R
Trustees Deed
related
—
Jan 30, 2008
$350,000
William K Nabors
Deco Ranches LLC
Warranty Deed
$602,600 · Wachovia Bank NA
May 9, 2006
$210,000
Deco Ranches LLC
Cole,hugh H JR
Grant Deed
—
—
—
Deco Ranches LLC
—
Deed Of Trust
related
$200,000 · Rbc Centura Bank
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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