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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Turn key restaurants
250 Nc Hwy 9th 9 Black Mountain, NC 28711-3435
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1295223
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1990
Construction
WOOD FRAME
Total area
2,766 SF
Lot
0.84 ac (36,590 SF)
Zoning code
DEED DATE:01/03/2020 DEED
APN
0619-34-5780-00000
UPID
US53-1295223
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
$575k
Owner & transaction history
Daniel T Oliver · 1 yrs held
Daniel T Oliver
since 2025
Last sale
$625,000
5 recorded transactions
Zoning & alternative use
DEED DATE:01/03/2020 DEED · Black Mountain, 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 Black Mountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Black Mountain 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
$475,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $625k (Mar 5 2025)
Last sale anchor
$625k
Mar 5 2025
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
$208 / 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
$6,570
Tax year 2024
Assessed value
$783,500
Assessed 2024
Previous assessed
$783,500
+0.0% YoY
Effective rate
0.84%
On assessed value
Land market value
$579,600
Improvement market value
$203,900
Total market value
$783,500
Applied tax rate
25.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1990
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
2,766 SF
Lot
0.84 ac (36,590 SF)
Zoning code
DEED DATE:01/03/2020 DEED
APN
0619-34-5780-00000
UPID
US53-1295223
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:01/03/2020 DEED · Black Mountain, NC
Zoning DEED DATE:01/03/2020 DEED · permitted uses
DEED DATE:01/03/2020 DEED · Black Mountain, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Black Mountain. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Daniel T Oliver
Individual
Free & Clear · 1 yrs held
Mailing address
38 WASHINGTON SQ, NEWPORT, RI 02840-2946
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Mar 5, 2025
—
Daniel T Oliver
Ph 15 Portfolio Propco LLC
Deed
—
Mar 5, 2025
$625,000
Daniel T Oliver
Ph 15 Portfolio Propco LLC
Special Warranty Deed
—
Dec 9, 2024
$681,000
Ph 15 Portfolio Propco LLC
Afn Absprop002 LLC
Special Warranty Deed
$5,514,473 · The American National Bank Of Texas
Jun 7, 2021
—
Afn Absprop002 LLC
Arg Ph17slb001 LLC
Special Warranty Deed
$840,000,000 · Citibank NA
Jan 3, 2020
$720,000
Arg Ph17slb001 LLC
Geist Unruh Properties LLC
Grant 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.
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