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Property profile & analytics
OFF-MARKET
Estimated value
$4,305,000
Strip malls
259 Broad St, Brevard, NC 28712-4504
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-3396467
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1964
Total area
35,866 SF
Lot
2.2 ac (95,832 SF)
Zoning code
C2
APN
8586-52-8251-000
UPID
US53-3396467
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
-
Tour de Faux Painting Service General Contractor
-
Light in the Attic Estates Real Estate Agency
-
A Place To Heal & Grow Counselor Health Consultant
-
Mountain Mutts Canine Cuts Pet Grooming Service
-
ArtLab Art Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.31M
Owner & transaction history
277 N Broad Street Partners LLC · 1 yrs held
277 N Broad Street Partners LLC
since 2024
3 recorded transactions
Zoning & alternative use
C2 · Brevard, 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 Brevard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brevard 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
COMMERCIAL (GENERAL)
$6,845,000
Change: 0% · Conversion: Easy
RESTAURANT
$5,765,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,905,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$2,945,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.31M
Range $3.87M – $4.74M · ±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
$120 / 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
$12,996
Tax year 2024
Assessed value
$2,154,210
Assessed 2024
Previous assessed
$2,154,210
+0.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$1,333,200
Assessed improvement
$821,010
Land market value
$1,333,200
Improvement market value
$821,010
Total market value
$2,154,210
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1964
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
8
Total area
35,866 SF
Lot
2.2 ac (95,832 SF)
Zoning code
C2
APN
8586-52-8251-000
UPID
US53-3396467
Jurisdiction
TRANSYLVANIA
Zoning & alternative use
C2 · Brevard, NC
Zoning C2 · permitted uses
C2 · Brevard, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brevard. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$6.8M
RESTAURANT
Est. value
$5.8M
WAREHOUSE, STORAGE
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$2.9M
COMMERCIAL (GENERAL)
RESTAURANT
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1964
Heating
FORCED AIR
Cooling
Yes
Bathrooms
8
Lot
2.2 ac
Current owner
From public records · entity-resolved
277 N Broad Street Partners LLC
Entity
Free & Clear · 1 yrs held
Mailing address
14 MOCKINGBIRD LN, BREVARD, NC 28712-4231
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2024
—
277 N Broad Street Partners LLC
Roger D Galloway
Deed
related
—
Oct 31, 2023
—
Roger D Galloway
Mildred R Galloway
Intrafamily Transfer
related
—
Dec 3, 2004
$575,000
Owner Name Unavailable
Owner Name Unavailable
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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