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Property profile & analytics
OFF-MARKET
Estimated value
$3,650,000
Office buildings
160 6th E Ave Hendersonville, NC 28792-3775
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-1377555
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1928
Total area
24,351 SF
Lot
0.35 ac (15,246 SF)
Zoning code
9905651~C-1 / MSH
APN
9568881652
UPID
US53-1377555
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
-
McLeesi Speed School Gym & Fitness Center Sports Field & Court
-
City of Hendersonville City Hall City Government Office
-
City of Hendersonville Water Water Utility Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.89M
Blend (final)
Blend
$3.65M
Owner & transaction history
City & Hendersonville · 5 yrs held
City & Hendersonville
since 2021
7 recorded transactions
Zoning & alternative use
9905651~C-1 / MSH · Hendersonville, 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 Hendersonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hendersonville 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
OFFICE BUILDING
$4,320,000
Current use
RETAIL STORES
$3,575,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$3.65M
Range $3.29M – $4.02M · ±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
Property tax & assessments
Assessed value
$3,145,100
Assessed 2024
Previous assessed
$3,145,100
+0.0% YoY
Assessed land
$381,200
Assessed improvement
$2,763,900
Land market value
$381,200
Improvement market value
$2,763,900
Total market value
$3,145,100
Applied tax rate
13.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1928
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Total area
24,351 SF
Lot
0.35 ac (15,246 SF)
Zoning code
9905651~C-1 / MSH
APN
9568881652
UPID
US53-1377555
Jurisdiction
HENDERSON
Zoning & alternative use
9905651~C-1 / MSH · Hendersonville, NC
Zoning 9905651~C-1 / MSH · permitted uses
9905651~C-1 / MSH · Hendersonville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hendersonville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.3M
RETAIL STORES
Est. value
$3.6M
OFFICE BUILDING Current
RETAIL STORES
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
1928
Heating
FORCED AIR
Cooling
Yes
Stories
4
Lot
0.35 ac
Current owner
From public records · entity-resolved
City & Hendersonville
Entity
Free & Clear · 5 yrs held
Mailing address
160 6TH AVE E, HENDERSONVILLE, NC 28792-3775
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2021
$800,000
City & Hendersonville
Tjf Enterprises LLC
Grant Deed
—
Jul 14, 2020
$70,000
City Of Hendersonville
Jeffrey A Holbert
Warranty Deed
—
Jul 7, 2020
$30,000
City Of Hendersonville
Joelle Kelly
Warranty Deed
—
May 22, 2018
$35,000
City Of Henderson
Garren,robert M & Lynda R
Warranty Deed
—
Dec 21, 2012
$48,000
City Of Hendersonville
Sterling,mark W & Harriet
Warranty Deed
—
Jan 11, 2012
—
City Of Hendersonville
City Of Hendersonville
Quit Claim Deed
related
—
Jan 6, 2012
—
City Of Hendersonville
Khm Investments LLC
Warranty Deed
related
—
Oct 13, 2011
—
City Of Hendersonville
Terminix Service INC
Warranty Deed
related
—
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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