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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Commercial real estate
216 Clb House Rd, Murphy, NC 28906
Entity Owned
Free & Clear
Property ID
US53-4869588
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1969
Construction
WOOD
Total area
6,626 SF
Lot
291.2 ac (12,684,672 SF)
APN
550104538179000
UPID
US53-4869588
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
$1.15M
Blend (final)
Blend
$1.15M
Owner & transaction history
Cherokee Hills Development LLC
Cherokee Hills Development LLC
since 2025
Last sale
$40,000
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 Murphy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Murphy 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
COMMERCIAL (GENERAL)
$745,000
Current use
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±10% · vs last sale $40k (Mar 6 2025)
Last sale anchor
$40k
Mar 6 2025
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
$173 / 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
$1,134,090
Assessed 2023
Previous assessed
$1,134,090
+0.0% YoY
Land market value
$1,225,270
Improvement market value
$421,570
Total market value
$1,646,840
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
1969
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
6
Total area
6,626 SF
Lot
291.2 ac (12,684,672 SF)
APN
550104538179000
UPID
US53-4869588
Jurisdiction
CHEROKEE
Zoning & alternative use
Zoning · permitted uses
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
COMMERCIAL (GENERAL) Current
Est. value
$745,000
COMMERCIAL (GENERAL) Current
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
1969
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Buildings
6
Lot
291.2 ac
Current owner
From public records · entity-resolved
Cherokee Hills Development LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 129, MURPHY, NC 28906-0129
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2025
$2,421,000
Cherokee Hills Development LLC
Erin Wells Mccoy
Deed
related
—
Mar 6, 2025
$40,000
Kenneth Mckeon Brice
Cherokee Hills Golf & Country Club
Warranty Deed
—
Mar 6, 2025
—
Cherokee Hills Golf & Country Club
Erin Wells Mccoy
Deed
related
—
Feb 3, 2021
$12,000
Gregory Scott Fletcher
Erin Wells Mccoy
Warranty Deed
—
Dec 15, 2020
$50,000
Wells Mckeon Lee
Erin Wells Mccoy
Warranty Deed
—
Jan 16, 2018
—
Erin Wells Mccoy
Susan T Wells
Intrafamily Transfer
related
—
Jan 31, 2014
$35,000
Wayne E Price
Charles H West JR
Warranty Deed
—
Dec 19, 2012
—
Charles Hj West JR
Charles H West
Intrafamily Transfer
related
—
Dec 30, 2005
—
Wells Mckeon Lee
William J Wells
Warranty Deed
—
Jul 29, 2005
—
Cynthia M Hulsey
William J Wells
Warranty 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.
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