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Property profile & analytics
OFF-MARKET
Commercial real estate
2975 Memorial Hwy, Lake Lure, NC 28746-9249
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-5459148
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1983
Total area
3,709 SF
Lot
0.5 ac (21,780 SF)
Zoning code
R2
APN
232158
UPID
US53-5459148
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
-
Lake Lure Massage Alternative Medicine Practice Spa & Massage Center
-
Lifestyle Properties Real Estate Agency
-
Restoration Counseling Counselor
-
ENERGY Health & Wellness Association Gym & Fitness Center Alternative Medicine Practice
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
Usama Kamal Dds PLLC · 4 yrs held
Usama Kamal Dds PLLC
since 2022
Last sale
$450,000
7 recorded transactions
Zoning & alternative use
R2 · Lake Lure, 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 Lake Lure submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Lure 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 2021Property tax & assessments
Tax year 2021
Tax billed
$3,865
Tax year 2021
Assessed value
$337,800
Assessed 2023
Previous assessed
$337,800
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$164,300
Assessed improvement
$173,500
Land market value
$164,300
Improvement market value
$173,500
Total market value
$337,800
Applied tax rate
2.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1983
Heating
HEAT PUMP
Cooling
AC.FAN COOLING
Stories
1
Bathrooms
4
Total area
3,709 SF
Lot
0.5 ac (21,780 SF)
Zoning code
R2
APN
232158
UPID
US53-5459148
Jurisdiction
RUTHERFORD
Zoning & alternative use
R2 · Lake Lure, NC
Zoning R2 · permitted uses
R2 · Lake Lure, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Lure. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.5 ac
Current owner
From public records · entity-resolved
Usama Kamal Dds PLLC
Individual
Mailing address
728 5TH AVE W, HENDERSONVILLE, NC 28739-4102
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2022
$450,000
Usama Kamal Dds PLLC
Moneto LLC
Warranty Deed
$350,000 · Moneto LLC
Jul 23, 2020
—
Moneto L L C
—
Deed
related
$275,000 · United Bank
Aug 8, 2017
—
Moneto LLC
—
Deed
related
$50,000 · Carolina Tr Bk
May 30, 2014
$170,000
Moneto LLC
Hometrust Bk
Grant Deed
—
Feb 1, 2012
$222,000
Hometrust Bank
Demelize Property Grp LLC
Grant Deed
related
—
Feb 19, 2008
$750,000
Demelize Property Group LLC
Price,pamela K
Warranty Deed
$635,000 · Hometrust Bank
Dec 21, 2006
$320,000
Pamela K Price
Hickory Nut Development Corp
Warranty Deed
—
Mar 24, 2005
$235,000
Hickory Nut Dev Corp
Wallace,william R & Angela D
Warranty Deed
related
—
—
—
Moneto LLC
—
Deed Of Trust
related
$120,000 · Carolina Tr Bk
—
—
Moneto LLC
—
Deed Of Trust
related
$50,000 · Carolina Tr Bk
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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