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Property profile & analytics
OFF-MARKET
Estimated value
$21,285,000
Warehouses
16 Walk Off Way, Candler, NC 28715-0679
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-4077317
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2014
Construction
STEEL FRAME
Total area
141,898 SF
Lot
13.28 ac (578,477 SF)
Zoning code
DEED DATE:05/09/2014 DEED
APN
9617-63-5197-00000
UPID
US53-4077317
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
$21.28M
Blend (final)
Blend
$21.29M
Owner & transaction history
NEW BELGIUM BREWING COMPANY INC
NEW BELGIUM BREWING COMPANY INC
Zoning & alternative use
DEED DATE:05/09/2014 DEED · Candler, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$32.0M
+107.0%
Commercial (general)
$31.7M
+104.8%
Retail stores
$28.8M
+86.2%
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
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
WAREHOUSE, STORAGE
$15,475,000
Current use
MEDICAL BUILDING
$32,025,000
Change: +107% · Conversion: Difficult
COMMERCIAL (GENERAL)
$31,695,000
Change: +105% · Conversion: Difficult
RETAIL STORES
$28,810,000
Change: +86% · Conversion: Moderate
AUTO REPAIR, GARAGE
$26,950,000
Change: +74% · Conversion: Easy
OFFICE BUILDING
$26,380,000
Change: +71% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$24,410,000
Change: +58% · Conversion: Moderate
Blend value · Realmo final
$21.29M
Range $19.16M – $23.41M · ±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
$150 / 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
$104,649
Tax year 2024
Assessed value
$16,413,000
Assessed 2024
Previous assessed
$16,413,000
+0.0% YoY
Effective rate
0.64%
On assessed value
Land market value
$1,735,400
Improvement market value
$14,677,600
Total market value
$16,413,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2014
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
141,898 SF
Lot
13.28 ac (578,477 SF)
Zoning code
DEED DATE:05/09/2014 DEED
APN
9617-63-5197-00000
UPID
US53-4077317
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:05/09/2014 DEED · Candler, NC
Zoning DEED DATE:05/09/2014 DEED · permitted uses
DEED DATE:05/09/2014 DEED · 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
WAREHOUSE, STORAGE Current
Est. value
$15.5M
MEDICAL BUILDING
Est. value
$32.0M
COMMERCIAL (GENERAL)
Est. value
$31.7M
RETAIL STORES
Est. value
$28.8M
AUTO REPAIR, GARAGE
Est. value
$27.0M
OFFICE BUILDING
Est. value
$26.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$24.4M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2014
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
13.28 ac
Current owner
From public records · entity-resolved
NEW BELGIUM BREWING COMPANY INC
Entity
Free & Clear · 0 yrs held
Mailing address
91 CRAVEN ST, ASHEVILLE, NC 28806-4609
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
No recorded transactions
No recorded transactions found for this property.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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