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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Strip malls
2144 Hendersonville Rd Arden, NC 28704-5705
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2161332
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
BRICK
Total area
9,180 SF
Lot
0.7 ac (30,492 SF)
Zoning code
DEED DATE: 10/31/2014 DEE
APN
9654-18-0608-00000
UPID
US53-2161332
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
-
Asheville Hemp CBD Specialty Food Shop
-
Baby Rabiez (Bike/Boat/Book/etc) Store
-
Chapala Grocery Grocery & Convenience Store Specialty Food Shop
-
Two Moons CBD South Specialty Food Shop
-
Asheville Vapor Hemp & CBD (Bike/Boat/Book/etc) Store Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.11M
Owner & transaction history
Medstream Properties LLC · 11 yrs held
Medstream Properties LLC
since 2014
4 recorded transactions
Zoning & alternative use
DEED DATE: 10/31/2014 DEE · Arden, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+10.4%
Office building
$1.7M
+8.1%
Commercial (general)
$1.7M
+5.6%
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
$1,580,000
Current use
AUTO REPAIR, GARAGE
$1,745,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$1,705,000
Change: +8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,670,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±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
$121 / 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
$9,809
Tax year 2024
Assessed value
$1,058,300
Assessed 2024
Previous assessed
$1,058,300
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$612,500
Improvement market value
$445,800
Total market value
$1,058,300
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
1984
Construction
BRICK
Heating
NONE
Cooling
YES
Stories
1
Total area
9,180 SF
Lot
0.7 ac (30,492 SF)
Zoning code
DEED DATE: 10/31/2014 DEE
APN
9654-18-0608-00000
UPID
US53-2161332
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 10/31/2014 DEE · Arden, NCZoning DEED DATE: 10/31/2014 DEE · permitted uses
DEED DATE: 10/31/2014 DEE · 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
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1984
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Medstream Properties LLC
Entity
Mailing address
76 PEACHTREE RD STE #300, ASHEVILLE, NC 28803-3505
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
May 15, 2018
—
Medstream Properties LLC
—
Deed
related
$535,000 · First Citizens Bank & Trust Co
Oct 31, 2014
$850,000
Medstream Properties LLC
Youngblood Holding Co INC
Warranty Deed
$637,500 · Td Bank NA
Oct 6, 2010
—
Youngblood Holding Co INC
Patjo Ents INC
Warranty Deed
—
—
—
Ettwein,emma C
—
Deed Of Trust
related
$780,000 · 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.
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