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Property profile & analytics
OFF-MARKET
Assisted living facilities
186 Pete Luther Rd, Candler, NC 28715-9499
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-1268331
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1940
Construction
WOOD FRAME
Total area
2,765 SF
Lot
37.04 ac (1,613,462 SF)
Zoning code
DEED DATE: 06/15/1989 DEE
APN
9608-55-1437-00000
UPID
US53-1268331
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
First Step Farm Of Wstn Nc INC · 9 yrs held
First Step Farm Of Wstn Nc INC
since 2016
5 recorded transactions
Zoning & alternative use
DEED DATE: 06/15/1989 DEE · Candler, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$1,997,000
Assessed 2024
Previous assessed
$1,997,000
+0.0% YoY
Land market value
$462,200
Improvement market value
$1,534,800
Total market value
$1,997,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1940
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Buildings
4
Stories
1
Bathrooms
8
Total area
2,765 SF
Lot
37.04 ac (1,613,462 SF)
Zoning code
DEED DATE: 06/15/1989 DEE
APN
9608-55-1437-00000
UPID
US53-1268331
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 06/15/1989 DEE · Candler, NC
Zoning DEED DATE: 06/15/1989 DEE · permitted uses
DEED DATE: 06/15/1989 DEE · 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.
Building & site characteristics
From public records
Year built
1940
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Bathrooms
8
Lot
37.04 ac
Current owner
From public records · entity-resolved
First Step Farm Of Wstn Nc INC
Entity
Mailing address
PO BOX 1450, CANDLER, NC 28715-1450
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Dec 29, 2016
—
First Step Farm Of Wstn Nc INC
—
Deed
related
$694,000 · Housing Fin Agcy
Dec 30, 2015
—
First Step Farm Of Wstn Nc INC
—
Trustees Deed
related
$694,000 · Branch Bk&tr
—
—
First Step Farm Of Wstn Nc INC
—
Deed Of Trust
related
$694,000 · Housing Fin Agcy
—
—
First Step Farm Of Wstn Nc INC
—
Deed Of Trust
related
$90,000 · Rbc Centura Bk
—
—
First Step Farm Of Wstn Nc INC
—
Deed Of Trust
related
$700,000 · Rbc Centura Bk
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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