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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Retail space
16 Fie Top Rd, Maggie Valley, NC 28751-8682
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-4025563
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1968
Total area
3,850 SF
Lot
98.4 ac (4,286,130 SF)
Zoning code
MC-1
APN
7677-91-3975
UPID
US53-4025563
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
-
Ghost Town Parking Lot Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$909k
Blend (final)
Blend
$990k
Owner & transaction history
Ghost Town In The Sky LLC · 5 yrs held
Ghost Town In The Sky LLC
since 2021
5 recorded transactions
Zoning & alternative use
MC-1 · Maggie Valley, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$700,000
+17.6%
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 Maggie Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maggie Valley 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$595,000
Current use
COMMERCIAL (GENERAL)
$700,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±10%
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
$257 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$3,422,300
Assessed 2023
Previous assessed
$3,422,300
+0.0% YoY
Assessed land
$2,766,700
Assessed improvement
$655,600
Land market value
$2,766,700
Improvement market value
$655,600
Total market value
$3,422,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1968
Heating
HEAT PUMP
Cooling
PARTIAL
Buildings
43
Stories
1
Bathrooms
13
Total area
3,850 SF
Lot
98.4 ac (4,286,130 SF)
Zoning code
MC-1
APN
7677-91-3975
UPID
US53-4025563
Jurisdiction
HAYWOOD
Zoning & alternative use
MC-1 · Maggie Valley, NC
Zoning MC-1 · permitted uses
MC-1 · Maggie Valley, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Maggie Valley. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$595,000
COMMERCIAL (GENERAL)
Est. value
$700,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1968
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
43
Bathrooms
13
Lot
98.4 ac
Current owner
From public records · entity-resolved
Ghost Town In The Sky LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1840 VOLUNTEER DR, MYRTLE BEACH, SC 29575-4840
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2021
—
Ghost Town In The Sky LLC
Lula LLC
Warranty Deed
—
Jul 20, 2017
—
Lula LLC
—
Deed
related
$200,000 · Larry Ruschin
Nov 14, 2014
$32,600
Alexander G Paderewski
Lula LLC
Warranty Deed
—
Feb 29, 2012
$2,500,000
Lula LLC
Martin Mark C
Trustees Deed
related
—
—
—
Lula LLC
—
Deed Of Trust
related
$200,000 · Larry Ruschin
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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