New search
Property profile & analytics
OFF-MARKET
Turn key restaurants
25 Fletcher Commercial Dr, Fletcher, NC 28732-8628
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-1823554
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2003
Total area
2,288 SF
Lot
0.69 ac (30,056 SF)
Zoning code
9970111~M-1
APN
9653925197
UPID
US53-1823554
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
-
Iron Sharpens Iron - AVL Restaurant
-
Honeybee Cafe Take-out & Catering Cafe & Coffee Shop
-
The Village Food Truck Park Restaurant
-
JD's Kusina Restaurant
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
Turner Development LLC · 3 yrs held
Turner Development LLC
since 2023
Last sale
$150,000
6 recorded transactions
Zoning & alternative use
9970111~M-1 · Fletcher, 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 Fletcher submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fletcher 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
$316,000
Assessed 2024
Previous assessed
$266,300
+18.7% YoY
Assessed land
$89,800
Assessed improvement
$226,200
Land market value
$89,800
Improvement market value
$226,200
Total market value
$316,000
Applied tax rate
40.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2003
Heating
NONE
Cooling
NONE
Stories
1
Total area
2,288 SF
Lot
0.69 ac (30,056 SF)
Zoning code
9970111~M-1
APN
9653925197
UPID
US53-1823554
Jurisdiction
HENDERSON
Zoning & alternative use
9970111~M-1 · Fletcher, NC
Zoning 9970111~M-1 · permitted uses
9970111~M-1 · Fletcher, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fletcher. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Turner Development LLC
Entity
Free & Clear · 3 yrs held
Mailing address
330 AVERY CRK RD, ARDEN, NC 28704-8767
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2023
$150,000
Turner Development LLC
The Wallingoff Group LLC
Warranty Deed
—
Feb 27, 2019
$195,000
Wallingoff Group LLC
25 Fletcher Coml Drive LLC
Grant Deed
$100,000 · 25 Fletcher Com'l Drive LLC
Jul 22, 2014
—
Fletcher Commercial Drive L 25
Sikorski,john & Linda
Warranty Deed
—
Apr 29, 2014
$110,000
John Sikorski
Bank Of Nc
Grant Deed
—
Apr 29, 2014
—
Bank Of Nc
Blue Ridge Svgs Bk INC
Grant Deed
related
—
Jan 9, 2012
$390,500
Bank Of Nc
Roberson Matthew S
Trustees Deed
related
—
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 25 Fletcher Commercial Dr?
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.
