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Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Office buildings
2123 Hendersonville Rd, Arden, NC 28704-9742
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1481448
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
WOOD FRAME
Total area
5,064 SF
Lot
0.23 ac (10,019 SF)
Zoning code
DEED DATE:10/23/2018 DEED
APN
9654-09-6291-00000
UPID
US53-1481448
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
-
Eunice Pearson, Century 21 Mountain Lifestyles Real Estate Agency
-
Insight Recovery Center | Asheville, NC Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.12M
Owner & transaction history
Mtn-comm LLC · 7 yrs held
Mtn-comm LLC
since 2018
4 recorded transactions
Zoning & alternative use
DEED DATE:10/23/2018 DEED · Arden, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+85.5%
Medical building
$1.1M
+21.4%
Retail stores
$1.0M
+9.2%
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 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
OFFICE BUILDING
$940,000
Current use
RESTAURANT
$1,745,000
Change: +85% · Conversion: Moderate
MEDICAL BUILDING
$1,145,000
Change: +21% · Conversion: Easy
RETAIL STORES
$1,030,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$960,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$920,000
Change: -2% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$870,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±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
$220 / 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
$8,184
Tax year 2024
Assessed value
$882,900
Assessed 2024
Previous assessed
$882,900
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$201,300
Improvement market value
$681,600
Total market value
$882,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
2
Total area
5,064 SF
Lot
0.23 ac (10,019 SF)
Zoning code
DEED DATE:10/23/2018 DEED
APN
9654-09-6291-00000
UPID
US53-1481448
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:10/23/2018 DEED · Arden, NC
Zoning DEED DATE:10/23/2018 DEED · permitted uses
DEED DATE:10/23/2018 DEED · Arden, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$940,000
RESTAURANT
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$960,000
COMMERCIAL (GENERAL)
Est. value
$920,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$870,000
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1984
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Mtn-comm LLC
Entity
Free & Clear · 7 yrs held
Mailing address
18 LANCE VLY CT, ASHEVILLE, NC 28803-0490
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2018
$915,100
Mtn-comm LLC
First Horizon Investments LLC
Grant Deed
—
—
—
Horizon Investments
—
Deed Of Trust
related
$145,000 · Hometrust Bank
—
—
Horizon Investments
—
Deed Of Trust
related
$305,000 · Hometrust Bank
—
—
Horizon Investments
—
Deed Of Trust
related
$100,000 · Rbc Centura 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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