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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Turn key restaurants
34 Blue Rdg N Dr Marion, NC 28752-7964
Entity Owned
5-yr Hold
Property ID
US53-3378607
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1995
Construction
WOOD
Total area
924 SF
Lot
157.9 ac (6,878,124 SF)
APN
1729-00-90-5622
UPID
US53-3378607
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
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$790k
Owner & transaction history
North Cove Properties LLC · 5 yrs held
North Cove Properties LLC
since 2021
Last sale
$780,000
7 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 Marion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marion 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
$815,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $780k (Feb 26 2021)
Last sale anchor
$780k
Feb 26 2021
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
$855 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$6,320
Tax year 2023
Assessed value
$918,610
Assessed 2023
Previous assessed
$918,610
+0.0% YoY
Effective rate
0.69%
On assessed value
Assessed land
$426,330
Assessed improvement
$492,280
Land market value
$426,330
Improvement market value
$492,280
Total market value
$918,610
Applied tax rate
9.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1995
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
4
Stories
1
Bathrooms
2
Total area
924 SF
Lot
157.9 ac (6,878,124 SF)
APN
1729-00-90-5622
UPID
US53-3378607
Jurisdiction
MCDOWELL
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
1995
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
4
Bathrooms
2
Lot
157.9 ac
Current owner
From public records · entity-resolved
North Cove Properties LLC
Entity
Mailing address
30 WESTGATE PKWY #350, ASHEVILLE, NC 28806-3808
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2025
—
North Cove Properties LLC
—
Deed
related
$135,000 · Partner Community Capital INC
Aug 22, 2023
—
North Cove Properties LLC
—
Deed
related
$100,000 · William Mcguire
Feb 26, 2021
$780,000
North Cove Properties LLC
Kelechi Enterprises LLC
Warranty Deed
$331,000 · Natural Capital Investment Fund INC
Feb 26, 2021
—
North Cove Properties LLC
—
Deed
related
$370,000 · Natural Capital Investment Fund INC
Feb 14, 2020
$17,500
Joseph B Rightmyer
Kelechi Ents LLC
Warranty Deed
—
Jul 28, 2017
—
Kelechi Entse LLC
Hyder,boyd L
Grant Deed
$297,205 · Boyd L Hyder
Sep 12, 2011
$143,000
Linville Falls Golf Group LLC
Rdlg LLC
Grant Deed
—
Dec 30, 2010
—
Boyd Leon Hyder
Linville,falls Golf Grp Ll
Grant Deed
—
Dec 30, 2010
$1,000,000
Linville Falls Golf Grp LLC
Rdlg LLC
Grant Deed
—
Jan 12, 2007
—
Linville Falls Club LLC
—
Trustees Deed
related
$2,000,000 · Carolina First Bank
Feb 16, 2006
$1,625,000
Linville Falls Club LLC
Downing Blue Ridge LLC
Warranty 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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