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Property profile & analytics
OFF-MARKET
Estimated value
$4,940,000
Grocery and convenience stores
225 Carl Eller Rd, Mars Hill, NC 28754
Entity Owned
14-yr Hold
Free & Clear
Property ID
US53-3163156
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
86,141 SF
Lot
10.2 ac (444,312 SF)
Zoning code
R-A
APN
9757-03-0915
UPID
US53-3163156
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
-
Ingles Pharmacy Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Ingles Gas Express Gas Station
-
Primo Water Exchange Big Box & Wholesale Store
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.94M
Owner & transaction history
Ingles Markets INC · 14 yrs held
Ingles Markets INC
since 2011
1 recorded transaction
Zoning & alternative use
R-A · Mars Hill, 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 Mars Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mars Hill 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
$57 / 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
$4,807,315
Assessed 2023
Previous assessed
$4,807,315
+0.0% YoY
Assessed land
$1,020,706
Assessed improvement
$3,786,609
Land market value
$1,020,706
Improvement market value
$3,786,609
Total market value
$4,807,315
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
86,141 SF
Lot
10.2 ac (444,312 SF)
Zoning code
R-A
APN
9757-03-0915
UPID
US53-3163156
Jurisdiction
MADISON
Zoning & alternative use
R-A · Mars Hill, NC
Zoning R-A · permitted uses
R-A · Mars Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mars Hill. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
10.2 ac
Current owner
From public records · entity-resolved
Ingles Markets INC
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 743068, DALLAS, TX 75374-3068
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2011
—
Ingles Markets INC
Charette,robert E & Nancy G
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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