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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Warehouses
2508 Hendersonville Rd, Arden, NC 28704-9533
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-4667405
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1999
Total area
4,250 SF
Lot
4.34 ac (189,050 SF)
Zoning code
DEED DATE:12/18/2017 DEED
APN
9654-50-0372-00000
UPID
US53-4667405
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
-
Save Green Self Storage Storage Facility
-
Preferred Self Storage Unit Storage Facility
-
Lynx Credit Repair Arden Financial Advisor
-
Self Storage Near 28704 NC Storage Facility
-
Penske Truck Rental Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$737k
Blend (final)
Blend
$735k
Owner & transaction history
Preferred Storage LLC · 8 yrs held
Preferred Storage LLC
since 2017
1 recorded transaction
Zoning & alternative use
DEED DATE:12/18/2017 DEED · Arden, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$960,000
+107.0%
Retail stores
$865,000
+86.2%
Auto repair, garage
$805,000
+74.2%
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 Arden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arden 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$465,000
Current use
MEDICAL BUILDING
$960,000
Change: +107% · Conversion: Difficult
RETAIL STORES
$865,000
Change: +86% · Conversion: Moderate
AUTO REPAIR, GARAGE
$805,000
Change: +74% · Conversion: Easy
OFFICE BUILDING
$790,000
Change: +71% · Conversion: Difficult
COMMERCIAL (GENERAL)
$770,000
Change: +67% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$730,000
Change: +58% · Conversion: Moderate
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$173 / 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
$20,336
Tax year 2024
Assessed value
$3,303,400
Assessed 2024
Previous assessed
$3,303,400
+0.0% YoY
Effective rate
0.62%
On assessed value
Land market value
$394,100
Improvement market value
$2,909,300
Total market value
$3,303,400
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Heating
NONE
Buildings
7
Stories
1
Total area
4,250 SF
Lot
4.34 ac (189,050 SF)
Zoning code
DEED DATE:12/18/2017 DEED
APN
9654-50-0372-00000
UPID
US53-4667405
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:12/18/2017 DEED · Arden, NC
Zoning DEED DATE:12/18/2017 DEED · permitted uses
DEED DATE:12/18/2017 DEED · Arden, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$465,000
MEDICAL BUILDING
Est. value
$960,000
RETAIL STORES
Est. value
$865,000
AUTO REPAIR, GARAGE
Est. value
$805,000
OFFICE BUILDING
Est. value
$790,000
COMMERCIAL (GENERAL)
Est. value
$770,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$730,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Heating
NONE
Stories
1
Buildings
7
Lot
4.34 ac
Current owner
From public records · entity-resolved
Preferred Storage LLC
Entity
Free & Clear · 8 yrs held
Mailing address
806 GRN VLY RD STE #311, GREENSBORO, NC 27408-7076
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2017
—
Preferred Storage LLC
M Kerney
Warranty 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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