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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Office buildings
2170 Hendersonville Rd, Arden, NC 28704-5704
Individually Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1120836
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,320 SF
Lot
0.24 ac (10,454 SF)
Zoning code
DEED DATE:12/29/2016 DEED
APN
9654-18-0265-00000
UPID
US53-1120836
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
-
Compass Physical Therapy Medical Clinic
-
Dr. April Kevern Physician
-
Mark Kevern Physician
-
Dr. Rachel Shumate Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$511k
Blend (final)
Blend
$510k
Owner & transaction history
Mark A Kevern · 9 yrs held
Mark A Kevern
since 2016
4 recorded transactions
Zoning & alternative use
DEED DATE:12/29/2016 DEED · Arden, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$525,000
+21.4%
Retail stores
$470,000
+9.2%
Auto repair, garage
$440,000
+2.2%
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
$430,000
Current use
MEDICAL BUILDING
$525,000
Change: +21% · Conversion: Easy
RETAIL STORES
$470,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$440,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$420,000
Change: -2% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$400,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$3,749
Tax year 2024
Assessed value
$404,500
Assessed 2024
Previous assessed
$404,500
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$210,000
Improvement market value
$194,500
Total market value
$404,500
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Total area
2,320 SF
Lot
0.24 ac (10,454 SF)
Zoning code
DEED DATE:12/29/2016 DEED
APN
9654-18-0265-00000
UPID
US53-1120836
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:12/29/2016 DEED · Arden, NC
Zoning DEED DATE:12/29/2016 DEED · permitted uses
DEED DATE:12/29/2016 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
$430,000
MEDICAL BUILDING
Est. value
$525,000
RETAIL STORES
Est. value
$470,000
AUTO REPAIR, GARAGE
Est. value
$440,000
COMMERCIAL (GENERAL)
Est. value
$420,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$400,000
OFFICE BUILDING Current
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Mark A Kevern
Individual
Free & Clear · 9 yrs held
Mailing address
55 STONE HOUSE RD, ARDEN, NC 28704-6600
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Dec 29, 2016
$360,000
Mark A Kevern
Michael L Gentilini
Warranty Deed
—
Apr 28, 2005
$401,500
Michael L Gentilini
Marcster LLC
Warranty Deed
—
Apr 14, 2004
$247,500
Marcster LLC
Cuningham,kenneth A & Judy A
Warranty Deed
$235,000 · Capital Bk
Apr 13, 2004
$247,500
Marcster LLC
Cuningham,kennet
Grant 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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