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Property profile & analytics
OFF-MARKET
Estimated value
$6,580,000
Assisted living facilities
170 Main St Mars Hill, NC 28754-6622
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-4023780
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1999
Total area
15,864 SF
Lot
2.26 ac (98,446 SF)
Zoning code
R-A
APN
9747-83-3990
UPID
US53-4023780
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
-
Mars Hill Manor Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.58M
Owner & transaction history
Mainstay Healthcare Mars Hill LLC · 4 yrs held
Mainstay Healthcare Mars Hill LLC
since 2022
Last sale
$6.5M
3 recorded transactions
Zoning & alternative use
R-A · Mars Hill, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
ZONING ORDINANCE Town of Mars Hill 2021
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 Mars Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mars Hill 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
$6,735,000
ML approach
$6,590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.58M
Range $5.92M – $7.24M · ±10% · vs last sale $6.50M (May 6 2022)
Last sale anchor
$6.50M
May 6 2022
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
$415 / 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
$2,484,008
Assessed 2023
Previous assessed
$2,484,008
+0.0% YoY
Assessed land
$122,944
Assessed improvement
$2,361,064
Land market value
$122,944
Improvement market value
$2,361,064
Total market value
$2,484,008
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1999
Heating
NONE
Buildings
2
Total area
15,864 SF
Lot
2.26 ac (98,446 SF)
Zoning code
R-A
APN
9747-83-3990
UPID
US53-4023780
Jurisdiction
MADISON
Zoning & alternative use
R-A · Mars Hill, NCZoning R-A · permitted uses
R-A · Mars Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
ZONING ORDINANCE Town of Mars Hill 2021
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Buildings
2
Lot
2.26 ac
Current owner
From public records · entity-resolved
Mainstay Healthcare Mars Hill LLC
Entity
Mailing address
505 ARIANA AVE, AUBURNDALE, FL 33823-4139
Ownership since
2022
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 6, 2022
$6,500,000
Mainstay Healthcare Mars Hill LLC
Western North Carolina Retirement L
Warranty Deed
$500,000 · Hometrust Bank
Sep 8, 2017
—
Western North Carolina Retirement L
—
Deed
related
$3,366,566 · First National Bank Of Pennsylvania
Sep 20, 2016
$235,000
Western North Carolina Retirem
Mars Hill University
Warranty Deed
—
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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