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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office buildings
2268 Smokey Park Hwy Candler, NC 28715-9717
Individually Owned
3-yr Hold
Free & Clear
Property ID
US53-1966268
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1941
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,188 SF
Lot
1.15 ac (50,094 SF)
Zoning code
DEED DATE: 2022-09-21 DEE
APN
8687-93-1422-00000
UPID
US53-1966268
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
$665k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$540k
Owner & transaction history
James C Keith · 3 yrs held
James C Keith
since 2022
Last sale
$525,000
4 recorded transactions
Zoning & alternative use
DEED DATE: 2022-09-21 DEE · Candler, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$495,000
+21.4%
Commercial (general)
$490,000
+20.1%
Retail stores
$445,000
+9.2%
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 Candler submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Candler 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
$445,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$720,000
6.5%
$665,000
7%
$620,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$405,000
Current use
MEDICAL BUILDING
$495,000
Change: +21% · Conversion: Easy
COMMERCIAL (GENERAL)
$490,000
Change: +20% · Conversion: Easy
RETAIL STORES
$445,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$415,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$375,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $525k (Sep 21 2022)
Last sale anchor
$525k
Sep 21 2022
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
$247 / 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
$992
Tax year 2024
Assessed value
$155,600
Assessed 2024
Previous assessed
$155,600
+0.0% YoY
Effective rate
0.64%
On assessed value
Land market value
$82,700
Improvement market value
$72,900
Total market value
$155,600
Applied tax rate
16.0000
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
1941
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
2,188 SF
Lot
1.15 ac (50,094 SF)
Zoning code
DEED DATE: 2022-09-21 DEE
APN
8687-93-1422-00000
UPID
US53-1966268
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE: 2022-09-21 DEE · Candler, NC
Zoning DEED DATE: 2022-09-21 DEE · permitted uses
DEED DATE: 2022-09-21 DEE · Candler, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Candler. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$405,000
MEDICAL BUILDING
Est. value
$495,000
COMMERCIAL (GENERAL)
Est. value
$490,000
RETAIL STORES
Est. value
$445,000
AUTO REPAIR, GARAGE
Est. value
$415,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$375,000
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1941
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
James C Keith
Individual
Free & Clear · 3 yrs held
Mailing address
2268 SMOKEY PARK HWY, CANDLER, NC 28715
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Sep 21, 2022
$525,000
James C Keith
Timothy D Honeycutt
Warranty Deed
—
Mar 28, 2019
—
Timothy D Honeycutt
Honeycutt Wrecker & Recovery I
Quit Claim Deed
related
—
Jan 10, 2006
—
Wrecker Honeycutt
Honeycutt,ronald T
Quit Claim Deed
—
—
—
Wrecker Honeycutt
—
Deed Of Trust
related
$150,000 · Rbc Centura Bank
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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