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Property profile & analytics
OFF-MARKET
Estimated value
$1,760,000
Office Spaces
14 Legend Dr, Arden, NC 28704-6203
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-0718078
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2005
Construction
STEEL FRAME
Total area
13,600 SF
Lot
0.89 ac (38,768 SF)
Zoning code
DEED DATE: 03/04/2005 DEE
APN
9643-99-6963-00000
UPID
US53-0718078
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
$2.24M
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.76M
Owner & transaction history
Living Grace Church Asheville INC · 1 yrs held
Living Grace Church Asheville INC
since 2025
Last sale
$1.9M
3 recorded transactions
Zoning & alternative use
DEED DATE: 03/04/2005 DEE · Arden, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.8M
+11.8%
Auto repair, garage
$2.6M
+4.6%
Office building
$2.5M
+2.3%
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
$1,550,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,425,000
6.5%
$2,235,000
7%
$2,075,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,470,000
Current use
RETAIL STORES
$2,760,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,585,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$2,530,000
Change: +2% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,340,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.76M
Range $1.58M – $1.94M · ±10% · vs last sale $1.85M (May 5 2025)
Last sale anchor
$1.85M
May 5 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
$129 / 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
$6,391
Tax year 2024
Assessed value
$689,500
Assessed 2024
Previous assessed
$689,500
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$193,800
Improvement market value
$495,700
Total market value
$689,500
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
13,600 SF
Lot
0.89 ac (38,768 SF)
Zoning code
DEED DATE: 03/04/2005 DEE
APN
9643-99-6963-00000
UPID
US53-0718078
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 03/04/2005 DEE · Arden, NC
Zoning DEED DATE: 03/04/2005 DEE · permitted uses
DEED DATE: 03/04/2005 DEE · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.5M
RETAIL STORES
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2005
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Living Grace Church Asheville INC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 1528, ARDEN, NC 28704-1528
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2025
$1,850,000
Living Grace Church Asheville INC
Msmm Enterprises LLC
Special Warranty Deed
—
—
—
Msmm Ents LLC
—
Deed Of Trust
related
$510,000 · United Community Bank
—
—
Msmm Ents LLC
—
Deed Of Trust
related
$88,398 · United Community 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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