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Property profile & analytics
OFF-MARKET
Super regional malls
1903 Asheville Hwy Hendersonville, NC 28791-2143
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0964693
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1985
Total area
6,118 SF
Lot
0.59 ac (25,700 SF)
Zoning code
9905714~C-3
APN
9569446987
UPID
US53-0964693
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
-
J.M. Owen Construction Services, Inc. Construction Company
-
Creekside Spa Alternative Medicine Practice Spa & Massage Center
-
Cabin Life Construction Company Construction Company General Contractor
-
Pisgah Pest Control Inc - Hendersonville Garden Center
-
Splash Grooming Salon Pet Grooming Service
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
Aleksandar Sain Properties · 7 yrs held
Aleksandar Sain Properties
since 2018
6 recorded transactions
Zoning & alternative use
9905714~C-3 · 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
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
Property tax & assessments
Assessed value
$784,500
Assessed 2024
Previous assessed
$784,500
+0.0% YoY
Assessed land
$411,200
Assessed improvement
$373,300
Land market value
$411,200
Improvement market value
$373,300
Total market value
$784,500
Applied tax rate
10.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1985
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
6,118 SF
Lot
0.59 ac (25,700 SF)
Zoning code
9905714~C-3
APN
9569446987
UPID
US53-0964693
Jurisdiction
HENDERSON
Zoning & alternative use
9905714~C-3 · Hendersonville, NC
Zoning 9905714~C-3 · permitted uses
9905714~C-3 · 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.
Building & site characteristics
From public records
Year built
1985
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Aleksandar Sain Properties
Entity
Mailing address
263 SHANNONS WALK, LAKE LURE, NC 28746-9410
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2018
$715,000
Aleksandar Sain Properties
Warren Marketing Group LLC
Warranty Deed
$415,000 · Witherspoon Living Trust (lt)
Feb 17, 2009
—
Warren Marketing Group LLC
Warren,kenneth B & Lisa
Quit Claim Deed
related
—
Aug 29, 2007
—
Warren Marketing Group
Jamms Trust
Warranty Deed
—
—
—
Warren Marketing Group LLC
—
Deed Of Trust
related
$390,000 · Witherspoon Living Trust
—
—
Warren Marketing Group LLC
—
Deed Of Trust
related
$418,157 · James M & Bonnie M Witherspoon
—
—
Warren Marketing Group LLC
—
Deed Of Trust
related
$55,000 · Blue Ridge Savings Bank INC
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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