Back to Search
Property profile & analytics
OFF-MARKET
Commercial real estate
2292 Old Marshall Hwy Alexander, NC 28701
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3788692
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,648 SF
Lot
0.15 ac (6,534 SF)
Zoning code
DEED DATE:05/22/2018 DEED
APN
9722-69-6659-00000
UPID
US53-3788692
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Marketplace Developments LLC · 8 yrs held
Marketplace Developments LLC
since 2018
5 recorded transactions
Zoning & alternative use
DEED DATE:05/22/2018 DEED · Alexander, 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 Alexander submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alexander 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
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$544
Tax year 2024
Assessed value
$73,600
Assessed 2024
Previous assessed
$73,600
+0.0% YoY
Effective rate
0.74%
On assessed value
Land market value
$49,200
Improvement market value
$24,400
Total market value
$73,600
Applied tax rate
27.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
3,648 SF
Lot
0.15 ac (6,534 SF)
Zoning code
DEED DATE:05/22/2018 DEED
APN
9722-69-6659-00000
UPID
US53-3788692
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:05/22/2018 DEED · Alexander, NCZoning DEED DATE:05/22/2018 DEED · permitted uses
DEED DATE:05/22/2018 DEED · Alexander, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Marketplace Developments LLC
Entity
Mailing address
29 SPINET ST, ASHEVILLE, NC 28806-9323
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2018
$154,000
Marketplace Developments LLC
Simple Living Homes LLC
Warranty Deed
$160,000 · Simple Living Homes LLC
Mar 6, 2017
$89,522
Simple Living Homes LLC
Commissioner Of Buncombe County|smith,ralph
Trustees Deed
related
—
Apr 14, 2005
$48,000
Palmberg,david
Roberts,frank S
Warranty Deed
$48,000 · Carolina First Bk
Apr 1, 2003
$25,000
Ware,william
Roberts,frank
Trustees Deed
—
Apr 1, 2003
$51,000
Roberts,frank
Palmbert,david
Trustees 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2292 Old Marshall Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
