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Property profile & analytics
OFF-MARKET
Estimated value
$1,685,000
Manufacturing properties
235 Commerce St, Brevard, NC 28712-5770
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3420677
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1996
Total area
17,707 SF
Lot
2.76 ac (120,226 SF)
Zoning code
I1
APN
8586-43-3890-000
UPID
US53-3420677
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
-
Carolina Information Technology Resource Corporation Tech Support Center (Bike/Boat/Book/etc) Store
-
Aegis Copper & Fabrication Metal Fabrication Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.69M
Owner & transaction history
Pharmagra Holdtng Company LLC · 4 yrs held
Pharmagra Holdtng Company LLC
since 2022
Last sale
$1.7M
4 recorded transactions
Zoning & alternative use
I1 · Brevard, 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 Brevard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brevard 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%
$1,745,000
6.5%
$1,610,000
7%
$1,495,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,420,000
Change: 0% · Conversion: Easy
MEDICAL BUILDING
$1,455,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.69M
Range $1.52M – $1.85M · ±10% · vs last sale $1.73M (Mar 8 2022)
Last sale anchor
$1.73M
Mar 8 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
$95 / 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
$5,719
Tax year 2024
Assessed value
$947,960
Assessed 2024
Previous assessed
$947,960
+0.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$183,540
Assessed improvement
$764,420
Land market value
$183,540
Improvement market value
$764,420
Total market value
$947,960
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
3
Total area
17,707 SF
Lot
2.76 ac (120,226 SF)
Zoning code
I1
APN
8586-43-3890-000
UPID
US53-3420677
Jurisdiction
TRANSYLVANIA
Zoning & alternative use
I1 · Brevard, NC
Zoning I1 · permitted uses
I1 · Brevard, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brevard. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$1.5M
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1996
Heating
FORCED AIR
Cooling
Yes
Bathrooms
3
Lot
2.76 ac
Current owner
From public records · entity-resolved
Pharmagra Holdtng Company LLC
Entity
Mailing address
158 MCLEAN RD, BREVARD, NC 28712-9432
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Mar 8, 2022
$1,725,000
Pharmagra Holdtng Company LLC
Jmse Property LLC
Warranty Deed
—
Dec 17, 2020
—
Jmse Property LLC
—
Deed
related
$595,000 · Td Bank NA
Sep 3, 2014
$400,000
Jmse Property LLC
Steins,elton R & Shirley A
Grant Deed
—
Sep 3, 2014
—
Jmse Property LLC
Steins,elton R & Shirley A
Grant Deed
related
$400,000 · Branch Bk&tr
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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