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Property profile & analytics
OFF-MARKET
Mining land & claims
1555 Grovestone Rd Black Mountain, NC 28711
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-0995934
Property profile
Verified
Property type
Mining land & claims
Use group
QUARRIES (SAND, GRAVEL, ROCK)
Year built
1924
Construction
STEEL FRAME
Total area
973 SF
Lot
17.03 ac (741,827 SF)
Zoning code
DEED DATE: 11/10/1986 DEE
APN
0609-02-5282-00000
UPID
US53-0995934
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mcleod Walsh Investments LLC · 7 yrs held
Mcleod Walsh Investments LLC
since 2019
2 recorded transactions
Zoning & alternative use
DEED DATE: 11/10/1986 DEE · Black Mountain, 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 Black Mountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Black Mountain 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
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$3,240
Tax year 2024
Assessed value
$386,300
Assessed 2024
Previous assessed
$386,300
+0.0% YoY
Effective rate
0.84%
On assessed value
Land market value
$144,100
Improvement market value
$242,200
Total market value
$386,300
Applied tax rate
25.0000
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
Mining land & claims
Use group
QUARRIES (SAND, GRAVEL, ROCK)
Status
Off-Market
Year built
1924
Construction
STEEL FRAME
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
1
Total area
973 SF
Lot
17.03 ac (741,827 SF)
Zoning code
DEED DATE: 11/10/1986 DEE
APN
0609-02-5282-00000
UPID
US53-0995934
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 11/10/1986 DEE · Black Mountain, NC
Zoning DEED DATE: 11/10/1986 DEE · permitted uses
DEED DATE: 11/10/1986 DEE · Black Mountain, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Black Mountain. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1924
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
17.03 ac
Current owner
From public records · entity-resolved
Mcleod Walsh Investments LLC
Entity
Mailing address
PO BOX 425, SWANNANOA, NC 28778-0425
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2019
—
Mcleod Walsh Investments LLC
—
Deed
related
$93,750 · First Bk
—
—
Mcleod Walsh Investments LLC
—
Deed Of Trust
related
$93,750 · First Bk
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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