Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Strip malls
21 Long Shls Rd Arden, NC 28704-7737
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2312358
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
STEEL FRAME
Total area
10,432 SF
Lot
0.77 ac (33,541 SF)
Zoning code
DEED DATE:12/06/2019 DEED
APN
9654-09-0810-00000
UPID
US53-2312358
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
$1.55M
Blend (final)
Blend
$1.55M
Owner & transaction history
Diamond Dog Propertiesd LLC · 6 yrs held
Diamond Dog Propertiesd LLC
since 2019
5 recorded transactions
Zoning & alternative use
DEED DATE:12/06/2019 DEED · Arden, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.4M
+31.2%
Retail stores
$2.1M
+18.0%
Auto repair, garage
$2.0M
+10.4%
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
NEIGHBORHOOD: SHOPPING CENTER
$1,795,000
Current use
MEDICAL BUILDING
$2,355,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$2,120,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,980,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$1,940,000
Change: +8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,895,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±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
$149 / 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
$13,701
Tax year 2024
Assessed value
$1,478,100
Assessed 2024
Previous assessed
$1,478,100
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$442,800
Improvement market value
$1,035,300
Total market value
$1,478,100
Applied tax rate
7.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
1
Total area
10,432 SF
Lot
0.77 ac (33,541 SF)
Zoning code
DEED DATE:12/06/2019 DEED
APN
9654-09-0810-00000
UPID
US53-2312358
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:12/06/2019 DEED · Arden, NCZoning DEED DATE:12/06/2019 DEED · permitted uses
DEED DATE:12/06/2019 DEED · Arden, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
Diamond Dog Propertiesd LLC
Entity
Free & Clear · 6 yrs held
Mailing address
75 OLD SHLS RD, ARDEN, NC 28704-9401
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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 6, 2019
$1,650,000
Diamond Dog Propertiesd LLC
Dreamland Drive In Theater INC
Special Warranty Deed
—
Oct 6, 2011
$1,100,000
Dreamland Drive In Theatre INC
Jmac Real Estate LLC
Warranty Deed
—
Sep 12, 2008
—
Jmac Real Estate LLC
Stec No 07 3789 LLC
Grant Deed
—
May 23, 2008
$1,575,000
Stec No 07 3789 LLC
J & M Investments LLC
Grant Deed
$1,327,000 · Forest Commercial Bank
—
—
J & M Investment LLC
—
Deed Of Trust
related
$450,000 · Carolina First 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 21 Long Shls Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
