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Property profile & analytics
OFF-MARKET
Estimated value
$1,390,000
Warehouses
1852 Brevard Rd, Arden, NC 28704-9488
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1097128
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Construction
STEEL FRAME
Total area
12,069 SF
Lot
3.83 ac (166,835 SF)
Zoning code
DEED DATE: 10/29/2015 DEE
APN
9634-46-9719-00000
UPID
US53-1097128
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
-
Willow Creek Homes LLC Construction Company General Contractor
-
Air Vent Exteriors Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.39M
Owner & transaction history
Lrc Properties LLC · 10 yrs held
Lrc Properties LLC
since 2015
5 recorded transactions
Zoning & alternative use
DEED DATE: 10/29/2015 DEE · Arden, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.3M
+74.2%
Office building
$2.2M
+70.5%
Commercial (general)
$2.2M
+66.6%
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 Arden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arden 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
$1,315,000
Current use
AUTO REPAIR, GARAGE
$2,290,000
Change: +74% · Conversion: Easy
OFFICE BUILDING
$2,245,000
Change: +71% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,195,000
Change: +67% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,075,000
Change: +58% · Conversion: Moderate
Blend value · Realmo final
$1.39M
Range $1.25M – $1.53M · ±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
$115 / 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
$6,595
Tax year 2024
Assessed value
$1,071,300
Assessed 2024
Previous assessed
$1,071,300
+0.0% YoY
Effective rate
0.62%
On assessed value
Land market value
$378,700
Improvement market value
$692,600
Total market value
$1,071,300
Applied tax rate
14.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
2
Stories
1
Bathrooms
2
Total area
12,069 SF
Lot
3.83 ac (166,835 SF)
Zoning code
DEED DATE: 10/29/2015 DEE
APN
9634-46-9719-00000
UPID
US53-1097128
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 10/29/2015 DEE · Arden, NC
Zoning DEED DATE: 10/29/2015 DEE · permitted uses
DEED DATE: 10/29/2015 DEE · Arden, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2006
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
3.83 ac
Current owner
From public records · entity-resolved
Lrc Properties LLC
Entity
Free & Clear · 10 yrs held
Mailing address
6 ROUND ROBIN LN, MILLS RIVER, NC 28759-3175
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Sep 22, 2016
—
Lrc Properties LLC
—
Deed
related
$440,000 · Asheville Savings Bank Ssb
Oct 29, 2015
—
Lrc Properties LLC
Carnes,robert E JR & Laurene M
Grant Deed
—
Jun 16, 2005
$200,000
Carnes,robert E JR & Laurene M
Gorman,james L JR & Sandra H
Warranty Deed
$500,000 · Mountain First Bk&tr
—
—
Robert E Carnes JR.
—
Deed Of Trust
related
$305,751 · Asheville Savings Bank
—
—
Groman,james L JR & Sandra H
—
Deed Of Trust
related
$145,453 · Beneficial Mtg/nc
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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