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Property profile & analytics
OFF-MARKET
Office buildings
224 Grv St Hendersonville, NC 28792-5017
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-2350840
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Total area
4,264 SF
Lot
0.72 ac (31,363 SF)
Zoning code
1010647~CMU
APN
9568960843
UPID
US53-2350840
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
-
Creative Development Solutions General Contractor
-
W. S. Wray, CPA, PLLC Accounting Firm
-
Root Massage Therapy Alternative Medicine Practice Spa & Massage Center
-
Dr. Valerie Levine Physician Medical Clinic
-
ElementalMed Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Madben LLC
Madben LLC
since 2026
7 recorded transactions
Zoning & alternative use
1010647~CMU · Hendersonville, NC
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 Hendersonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hendersonville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$100
Assessed 2024
Previous assessed
$100
+0.0% YoY
Assessed land
$100
Land market value
$100
Total market value
$100
Applied tax rate
10.0000
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
1962
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
4,264 SF
Lot
0.72 ac (31,363 SF)
Zoning code
1010647~CMU
APN
9568960843
UPID
US53-2350840
Jurisdiction
HENDERSON
Zoning & alternative use
1010647~CMU · Hendersonville, NC
Zoning 1010647~CMU · permitted uses
1010647~CMU · Hendersonville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hendersonville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Madben LLC
Entity
Free & Clear · 0 yrs held
Mailing address
170 BLOOMINGDALE DR, FLETCHER, NC 28732-6540
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2026
—
Madben LLC
William N Pryor
Warranty Deed
—
Dec 12, 2024
$170,000
Prince Heritage Holding LLC
Numbers 1123 LLC
Warranty Deed
—
Aug 4, 2021
—
Nirav Amin
Nirav Amin
Deed
related
—
Jul 7, 2021
$160,000
Numbers 1123 LLC
Andrew S Levine
Warranty Deed
$128,000 · Td Bank NA
Dec 9, 2020
$185,000
Bpvm Properties LLC
Charles L Paskus
Warranty Deed
$155,000 · Paskus Charles L & Kathleen A
Aug 30, 2019
$60,000
Nirav Amin
Chiaro,joseph J & Donna B
Warranty Deed
—
Feb 13, 2019
—
Kathleen A Paskus
—
Deed
related
$25,000 · First Bk
Aug 22, 2018
$60,000
Nirav Amin
Laurel Holdings LLC
Warranty Deed
—
Feb 26, 2018
—
Roke Enterprises INC
—
Deed
related
$50,000 · Entegra Bank
Jan 31, 2018
—
Angela L Jones
—
Deed
related
—
May 17, 2017
—
Dfm Holdings LLC
—
Deed
related
$95,000 · Entegra Bank
Sep 28, 2009
—
Kenneth L Eicholtz
Kennington Square Prop Owners
Quit Claim Deed
related
—
Sep 28, 2009
$295,000
Macon Bank INC
Raintree Realty & Const
Trustees Deed
related
—
Mar 3, 2009
—
Brier Sweet
Kennington Square Prop Owners
Warranty 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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