New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,105,000
Super regional malls
212 Thompson St, Hendersonville, NC 28792-2841
Individually Owned
6-yr Hold
Free & Clear
Property ID
US53-1295086
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1988
Total area
49,029 SF
Zoning code
PCD
APN
9579267106-801
UPID
US53-1295086
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
-
Kersten MD Medical Clinic
-
Dr. Gregory Motley Physician
-
John Daniel Kornmayer, DO Pediatrician Physician
-
Pardee Urgent Care Hendersonville Medical Clinic
-
Erik Olsson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.11M
Owner & transaction history
East Ridge Crossing · 6 yrs held
East Ridge Crossing
since 2020
Last sale
$3.5M
3 recorded transactions
Zoning & alternative use
PCD · Hendersonville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.3M
+252.0%
Office building
$6.9M
+190.3%
Restaurant
$4.6M
+96.2%
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
Method
Estimation
Statistic approach
$5,765,000
ML approach
$5,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,305,000
Change: +252% · Conversion: Easy
OFFICE BUILDING
$6,850,000
Change: +190% · Conversion: Moderate
RESTAURANT
$4,630,000
Change: +96% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,625,000
Change: +96% · Conversion: Difficult
RETAIL STORES
$4,120,000
Change: +75% · Conversion: Easy
Blend value · Realmo final
$5.11M
Range $4.59M – $5.62M · ±10% · vs last sale $3.55M (Jul 2 2020)
Last sale anchor
$3.55M
Jul 2 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
$104 / 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
Property tax & assessments
Assessed value
$4,082,500
Assessed 2024
Previous assessed
$4,082,500
+0.0% YoY
Assessed improvement
$4,082,500
Improvement market value
$4,082,500
Total market value
$4,082,500
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
1988
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
49,029 SF
Zoning code
PCD
APN
9579267106-801
UPID
US53-1295086
Jurisdiction
HENDERSON
Zoning & alternative use
PCD · Hendersonville, NC
Zoning PCD · permitted uses
PCD · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$8.3M
OFFICE BUILDING
Est. value
$6.9M
RESTAURANT
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.6M
RETAIL STORES
Est. value
$4.1M
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1988
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Current owner
From public records · entity-resolved
East Ridge Crossing
Individual
Free & Clear · 6 yrs held
Mailing address
PO BOX 6676, ASHEVILLE, NC 28816-6676
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2020
—
East Ridge Crossing
Lb Ubs 2007-c6
Quit Claim Deed
related
—
Jul 2, 2020
$3,500
East Ridge Crossing
Lb Ubs 2007 C6
Grant Deed
—
Jul 10, 2014
—
Lb-ubs 2007-cs Eastridge Stati
Eastridge Station II LP
Quit Claim Deed
—
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 212 Thompson St?
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.
