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Property profile & analytics
OFF-MARKET
Individual retail properties
2602 Wolf Laurel Rd, Mars Hill, NC 28754
Entity Owned
16-yr Hold
Free & Clear
Property ID
US53-3058419
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2015
Total area
1,854 SF
Lot
123.78 ac (5,391,857 SF)
Zoning code
R-2
APN
9862-31-3443
UPID
US53-3058419
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
Blue Mountain Owners Assn INC · 16 yrs held
Blue Mountain Owners Assn INC
since 2010
2 recorded transactions
Zoning & alternative use
R-2 · Mars Hill, 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 Mars Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mars Hill 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
$1,162,026
Assessed 2023
Previous assessed
$1,162,026
+0.0% YoY
Assessed land
$563,026
Assessed improvement
$599,000
Land market value
$563,026
Improvement market value
$599,000
Total market value
$1,162,026
Applied tax rate
3.0000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2015
Heating
HEAT PUMP
Stories
1
Total area
1,854 SF
Lot
123.78 ac (5,391,857 SF)
Zoning code
R-2
APN
9862-31-3443
UPID
US53-3058419
Jurisdiction
MADISON
Zoning & alternative use
R-2 · Mars Hill, NC
Zoning R-2 · permitted uses
R-2 · Mars Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mars Hill. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2015
Heating
HEAT PUMP
Stories
1
Lot
123.78 ac
Current owner
From public records · entity-resolved
Blue Mountain Owners Assn INC
Entity
Free & Clear · 16 yrs held
Mailing address
2607 WOLF LAUREL RD, MARS HILL, NC 28754-5683
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2010
—
Blue Mountain Owners Assn INC
Wolf Laurel Country Club INC
Grant Deed
related
—
Apr 28, 2010
—
Mountain Owners Associati Blue
Wolf,laurel Country Club I
Grant 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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