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Property profile & analytics
OFF-MARKET
Estimated value
$10,970,000
Office buildings
2775 Hendersonville Rd, Arden, NC 28704-0060
Entity Owned
7-yr Hold
Free & Clear
Property ID
US53-3944563
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2014
Total area
42,222 SF
Lot
5.15 ac (224,334 SF)
Zoning code
1016338~C1 FL
APN
9653543665
UPID
US53-3944563
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
-
Erik Olsson, MD Physician
-
Pardee Cardiopulmonary Rehabilitation and Wellness Rehabilitation Center
-
Sarah Beth Spainhour-Reese Physician
-
Pardee Rehabilitation and Aquatic Therapy Medical Clinic
-
Southeastern Sports Medicine and Orthopedics Medical Group Orthopedic Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.13M
Comparable Approach
Comparable
$11.80M
Blend (final)
Blend
$10.97M
Owner & transaction history
Mh Mission Hospital Lllp · 7 yrs held
Mh Mission Hospital Lllp
since 2019
1 recorded transaction
Zoning & alternative use
1016338~C1 FL · Arden, 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 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%
$13,135,000
6.5%
$12,125,000
7%
$11,255,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,060,000
Current use
COMMERCIAL (GENERAL)
$7,670,000
Change: -5% · Conversion: Easy
RETAIL STORES
$7,090,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$10.97M
Range $9.87M – $12.07M · ±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
$260 / 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
Property tax & assessments
Assessed value
$9,907,200
Assessed 2024
Previous assessed
$9,907,200
+0.0% YoY
Assessed land
$2,243,300
Assessed improvement
$7,663,900
Land market value
$2,243,300
Improvement market value
$7,663,900
Total market value
$9,907,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2014
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Total area
42,222 SF
Lot
5.15 ac (224,334 SF)
Zoning code
1016338~C1 FL
APN
9653543665
UPID
US53-3944563
Jurisdiction
HENDERSON
Zoning & alternative use
1016338~C1 FL · Arden, NC
Zoning 1016338~C1 FL · permitted uses
1016338~C1 FL · 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
OFFICE BUILDING Current
Est. value
$8.1M
COMMERCIAL (GENERAL)
Est. value
$7.7M
RETAIL STORES
Est. value
$7.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
2014
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Lot
5.15 ac
Current owner
From public records · entity-resolved
Mh Mission Hospital Lllp
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 80610, INDIANAPOLIS, IN 46280-0610
Ownership since
2019
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
Feb 1, 2019
$7,165,000
Mh Mission Hospital Lllp
Mission Hospital INC
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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