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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Commercial real estate
2034 Indian Crk Rd, Balsam Grove, NC 28708-9722
Trust Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-3086105
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2007
Total area
3,719 SF
Lot
13.44 ac (585,446 SF)
APN
8546-99-3015-000
UPID
US53-3086105
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
$720k
Comparable Approach
Comparable
$945k
Blend (final)
Blend
$1.01M
Owner & transaction history
2020 Ethan W R Blackburn Trust · 5 yrs held
2020 Ethan W R Blackburn Trust
since 2020
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
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 Balsam Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Balsam Grove 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%
$780,000
6.5%
$720,000
7%
$665,000
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±10% · vs last sale $1.19M (Nov 20 2020)
Last sale anchor
$1.19M
Nov 20 2020
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
$272 / 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
$7,569
Tax year 2024
Assessed value
$1,149,840
Assessed 2024
Previous assessed
$1,149,840
+0.0% YoY
Effective rate
0.66%
On assessed value
Assessed land
$205,630
Assessed improvement
$944,210
Land market value
$205,630
Improvement market value
$944,210
Total market value
$1,149,840
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
4
Total area
3,719 SF
Lot
13.44 ac (585,446 SF)
APN
8546-99-3015-000
UPID
US53-3086105
Jurisdiction
TRANSYLVANIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2007
Heating
FORCED AIR
Cooling
Yes
Bathrooms
4
Lot
13.44 ac
Current owner
From public records · entity-resolved
2020 Ethan W R Blackburn Trust
Trust
Free & Clear · 5 yrs held
Mailing address
5013 LONG KNIFE RUN, LOUISVILLE, KY 40207-1174
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2022
—
Ethan W R Blackburn
—
Deed
related
$52,500 · Truist Bank
Nov 20, 2020
$1,185,000
2020 Ethan W R Blackburn Trust
Andrew Salamone
Warranty Deed
—
Nov 20, 2020
—
Tristan D Blackburn
—
Deed
related
$948,000 · Truist Bk
May 5, 2010
$1,120,000
Andrew Salamone
Aiken,phillip D & Julie O
Warranty Deed
$417,000 · Pnc Mortgage
May 4, 2010
$1,120,000
Andrew Salamone
Aiken,phillip D
Grant Deed
—
Apr 18, 2008
—
Phillip Aiken
—
Trustees Deed
related
$520,000 · Rbc Bank (usa)
Mar 12, 2007
$189,000
Phillip Aiken
Tritt,james V
Warranty Deed
—
Jun 17, 2004
$170,000
Owner Name Unavailable
Owner Name Unavailable
Trustees Deed
related
—
—
—
Phillip Aiken
—
Deed Of Trust
related
$400,000 · Rbc Centura Bank
—
—
Phillip Aiken
—
Loan Modification
related
$534,028 · Rbc Bank (usa)
—
—
Andrew Salamone
—
Deed Of Trust
related
$406,027 · Pnc Bank
—
—
Tristan D Blackburn
—
Deed Of Trust
related
$948,000 · Truist 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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