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Property profile & analytics
OFF-MARKET
Office buildings
24 Empire Ln, Flat Rock, NC 28731-5648
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-3960099
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Total area
7,249 SF
Lot
24.56 ac (1,069,834 SF)
Zoning code
1017663~R1
APN
9588618497
UPID
US53-3960099
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
-
Simple Life - The Village Housing Development
-
The Village at Flat Rock, NC Housing Development Cottage Village
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
The Village At Flat Rock Owner LLC · 3 yrs held
The Village At Flat Rock Owner LLC
since 2022
Last sale
$15.9M
7 recorded transactions
Zoning & alternative use
1017663~R1 · Flat Rock, 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 Flat Rock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Flat Rock 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
Property tax & assessments
Assessed value
$4,107,000
Assessed 2024
Previous assessed
$4,107,000
+0.0% YoY
Assessed land
$963,700
Assessed improvement
$3,143,300
Land market value
$963,700
Improvement market value
$3,143,300
Total market value
$4,107,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1920
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
7,249 SF
Lot
24.56 ac (1,069,834 SF)
Zoning code
1017663~R1
APN
9588618497
UPID
US53-3960099
Jurisdiction
HENDERSON
Zoning & alternative use
1017663~R1 · Flat Rock, NC
Zoning 1017663~R1 · permitted uses
1017663~R1 · Flat Rock, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Flat Rock. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
3
Lot
24.56 ac
Current owner
From public records · entity-resolved
The Village At Flat Rock Owner LLC
Entity
Free & Clear · 3 yrs held
Mailing address
135 2ND AVE N, JACKSONVILLE BEACH, FL 32250-6942
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2022
—
The Village At Flat Rock Owner LLC
Simple Life Hendersonville Lllp
Quit Claim Deed
related
—
Nov 3, 2022
$15,942,000
The Village At Flat Rock Owner LLC
Simple Life Hendersonville Lllp
Special Warranty Deed
—
May 15, 2019
—
Simple Life-hendersonville Lll
—
Grant Deed
related
$2,260,997 · Unity Bk
May 21, 2018
$700,000
Simple Life-hamlet Lllp
Jones,james E & Monina S
Warranty Deed
$1,000,000 · Unity Bk
Dec 21, 2017
—
Simple Life-hendersonville Lll
—
Deed
related
$500,000 · Unity Bk
Aug 2, 2017
—
Simple Life Hendersonville
—
Deed
related
$1,530,150 · Unity Bank
Nov 21, 2013
—
Wildflower Resorts LLC
Gilman Interests LLC
Warranty Deed
related
—
Aug 30, 2012
$525,000
Gilman Interests LLC
Macon Bank INC
Grant Deed
$325,000 · Macon Bk
Aug 17, 2012
$625,000
Macon Bank INC
Raintree Realty & Const
Trustees Deed
related
—
Jul 12, 2007
—
Campgrounds Unlimited INC
—
Trustees Deed
related
$567,500 · Blue Ridge Svgs Bk
—
—
Simple Life-hendersonville Lll
—
Deed Of Trust
related
$500,000 · Unity Bk
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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