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Property profile & analytics
OFF-MARKET
Estimated value
$1,895,000
Golf courses & driving ranges
22 Paradise Ln Newland, NC 28657
Individually Owned
1-yr Hold
Free & Clear
Property ID
US53-3515299
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
COUNTRY CLUB
Year built
1974
Construction
CONCRETE BLOCKS
Total area
9,328 SF
Lot
264.37 ac (11,516,131 SF)
APN
18441036418900000
UPID
US53-3515299
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
$1.89M
Blend (final)
Blend
$1.90M
Owner & transaction history
Kenneth Manuel Moniz · 1 yrs held
Kenneth Manuel Moniz
since 2024
Last sale
$3,500
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+19.9%
Warehouse, storage
$1.3M
+18.8%
Apartment house (5+ units)
$1.2M
+8.2%
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 Newland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newland 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
$1,335,000
Change: +20% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,325,000
Change: +19% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,205,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,205,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$1.90M
Range $1.71M – $2.08M · ±10% · vs last sale $4k (Nov 14 2024)
Last sale anchor
$4k
Nov 14 2024
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
$203 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$23,200
Tax year 2023
Assessed value
$5,799,900
Assessed 2023
Previous assessed
$5,729,300
+1.2% YoY
Effective rate
0.40%
On assessed value
Assessed land
$1,995,400
Assessed improvement
$3,804,500
Land market value
$1,995,400
Improvement market value
$3,804,500
Total market value
$5,799,900
Applied tax rate
5.0000
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
Golf courses & driving ranges
Use group
COUNTRY CLUB
Status
Off-Market
Year built
1974
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
6
Stories
1
Total area
9,328 SF
Lot
264.37 ac (11,516,131 SF)
APN
18441036418900000
UPID
US53-3515299
Jurisdiction
AVERY
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
OFFICE BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
1974
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
6
Lot
264.37 ac
Current owner
From public records · entity-resolved
Kenneth Manuel Moniz
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 160, LINVILLE, NC 28646-0160
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2024
$3,500
Kenneth Manuel Moniz
Linville Land Harbors Property Owne
Warranty Deed
—
Jan 16, 2020
$2,500
Jeffery K Hembree
Land Harbors Prop Own Linville
Warranty Deed
related
—
Aug 30, 2019
—
Kenneth J Abrams
Linville Land Harbor Prop Owne
Warranty Deed
related
—
Nov 17, 2017
$105,000
Hutcherson Family Trust
Trammell Living Trust
Warranty Deed
—
Nov 17, 2017
$3,000
Trammell Living Trust
Linville Land Harbors Prop Own
Warranty Deed
related
—
Oct 18, 2010
—
Mark S Durkee
Linville Land Harbors Property Owners Assoc INC
Grant Deed
related
—
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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