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Property profile & analytics
OFF-MARKET
Estimated value
$2,165,000
Industrial properties
234 Industrial Dr 1 Hendersonville, NC 28739-8729
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-1601638
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1986
Total area
23,137 SF
Lot
9.55 ac (415,998 SF)
Zoning code
9902435~I
APN
9539136346
UPID
US53-1601638
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
-
KDS Windsor Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.18M
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$2.17M
Owner & transaction history
Kiln Drying Systems & Componen · 7 yrs held
Kiln Drying Systems & Componen
since 2019
7 recorded transactions
Zoning & alternative use
9902435~I · Hendersonville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.5M
+21.3%
Auto repair, garage
$3.1M
+7.5%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,355,000
6.5%
$2,175,000
7%
$2,020,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,855,000
Current use
RETAIL STORES
$3,465,000
Change: +21% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,065,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$2.17M
Range $1.95M – $2.38M · ±10%
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
$94 / 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
$2,743,300
Assessed 2024
Previous assessed
$2,743,300
+0.0% YoY
Assessed land
$295,500
Assessed improvement
$2,447,800
Land market value
$295,500
Improvement market value
$2,447,800
Total market value
$2,743,300
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1986
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Total area
23,137 SF
Lot
9.55 ac (415,998 SF)
Zoning code
9902435~I
APN
9539136346
UPID
US53-1601638
Jurisdiction
HENDERSON
Zoning & alternative use
9902435~I · Hendersonville, NC
Zoning 9902435~I · permitted uses
9902435~I · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.9M
RETAIL STORES
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.1M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1986
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
9.55 ac
Current owner
From public records · entity-resolved
Kiln Drying Systems & Componen
Individual
Mailing address
234 INDUSTRIAL DR, HENDERSONVILLE, NC 28739-8729
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2019
—
Kiln Drying Systems & Componen
—
Deed
related
$2,180,000 · Capital Bk
—
—
Drying Systems Kiln
—
Deed Of Trust
related
$560,000 · Capital Bank NA
—
—
Kiln Drying Systems & Componen
—
Deed Of Trust
related
$2,180,000 · Capital Bk
—
—
Drying Systems Kiln
—
Deed Of Trust
related
$100,000 · Capital Bank NA
—
—
Drying Systems Kiln
—
Deed Of Trust
related
$1,020,000 · Capital Bank NA
—
—
Drying Systems Kiln
—
Deed Of Trust
related
$250,000 · Bank Of America
—
—
Drying Systems Kiln
—
Deed Of Trust
related
$226,139 · Bank Of America
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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