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Property profile & analytics
OFF-MARKET
Auto shops
251 Jonas Rdg Hwy, Newland, NC 28657-4001
Individually Owned
Free & Clear
Property ID
US53-3799190
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1987
Construction
CONCRETE BLOCKS
Total area
3,960 SF
Lot
2.77 ac (120,661 SF)
APN
18440050122200000
UPID
US53-3799190
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
by Request
Owner & transaction history
Robert H Loven
Robert H Loven
since 2025
6 recorded transactions
Zoning & alternative use
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 Newland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newland 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
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,080
Tax year 2023
Assessed value
$270,100
Assessed 2023
Previous assessed
$270,100
+0.0% YoY
Effective rate
0.40%
On assessed value
Assessed land
$161,000
Assessed improvement
$109,100
Land market value
$161,000
Improvement market value
$109,100
Total market value
$270,100
Applied tax rate
5.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1987
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
NONE
Buildings
2
Stories
1
Total area
3,960 SF
Lot
2.77 ac (120,661 SF)
APN
18440050122200000
UPID
US53-3799190
Jurisdiction
AVERY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
2.77 ac
Current owner
From public records · entity-resolved
Robert H Loven
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 911, MOUNTAIN CITY, TN 37683-0911
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2025
—
Robert H Loven
Robert H Loven
Deed
related
—
Mar 1, 2018
$275,000
Tennessee Land & Granite Co Ll
Robert H Loven
Grant Deed
$275,000 · Robert H & Pamela C Loven
Mar 13, 2012
—
Robert H Loven
Loven,robert H & Pamela C
Quit Claim Deed
related
—
Mar 1, 2012
—
Robert H Loven
Loven,robert H & Pamela C
Quit Claim Deed
related
—
Apr 28, 2009
—
Joseph Palmyra
Loven,robert H & Pamela C
Warranty Deed
related
—
Oct 23, 2006
—
Robert H Loven
Loven,robert H & Pamela C
Quit Claim 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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