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Property profile & analytics
OFF-MARKET
Turn key restaurants
203 State St Black Mountain, NC 28711-3408
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1124284
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1926
Construction
FRAME
Total area
1,260 SF
Lot
0.03 ac (1,307 SF)
Zoning code
DEED DATE: 2022-11-23 DEE
APN
0619-35-1946-00000
UPID
US53-1124284
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
-
Black Mountain Bistro Restaurant
-
Song of the Wood Production Facility
-
The Enchanted Oak (Bike/Boat/Book/etc) Store
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
Diaz Properties LLC · 3 yrs held
Diaz Properties LLC
since 2022
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
DEED DATE: 2022-11-23 DEE · Black Mountain, 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 Black Mountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Black Mountain 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
Tax billed
$2,885
Tax year 2024
Assessed value
$344,000
Assessed 2024
Previous assessed
$344,000
+0.0% YoY
Effective rate
0.84%
On assessed value
Land market value
$58,800
Improvement market value
$285,200
Total market value
$344,000
Applied tax rate
25.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1926
Construction
FRAME
Heating
NONE
Stories
1
Total area
1,260 SF
Lot
0.03 ac (1,307 SF)
Zoning code
DEED DATE: 2022-11-23 DEE
APN
0619-35-1946-00000
UPID
US53-1124284
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2022-11-23 DEE · Black Mountain, NC
Zoning DEED DATE: 2022-11-23 DEE · permitted uses
DEED DATE: 2022-11-23 DEE · Black Mountain, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Black Mountain. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1926
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Diaz Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
19 RANKIN AVE STE #133, ASHEVILLE, NC 28801-2978
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2022
—
Diaz Properties LLC
Hector Diaz
Intrafamily Transfer
related
—
Nov 30, 2021
$598,000
Hector Diaz
Daaj Investments LLC
Warranty Deed
$398,000 · Daaj Investments LLC
Jun 8, 2020
—
Daaj Investments LLC
La Taperia LLC
Warranty Deed
—
Feb 12, 2020
—
La Taperia LLC
Daaj Investments LLC
Warranty Deed
—
Mar 29, 2019
$260,000
Daaj Investments LLC
Mcmurray W & M F/tr
Warranty Deed
—
May 21, 2018
—
Mcmurray,williame & Mary F Trust
Mcmurray Mary L Trust
Quit Claim Deed
related
—
Jan 15, 2016
—
Mcmurray,mary L Trust
Mcmurray William H JR Trust
Quit Claim Deed
related
—
Sep 23, 2010
—
Mcmurray William H JR & M L Trust
Mcmurray,william H JR & Mary L
Quit Claim 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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